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In this HR compliance webinar attendees will learn why Millennial and other employees stay or leave and learn practical techniques you can use to retain the best employees.
The Millennial generation is a force to be reckoned with. They are talented, innovative, entrepreneurial, and creative. They are also highly mobile and prone to job hopping. Retaining top talent is a key business imperative and old strategies are no longer effective.
More than 60% of Millennials leave their company in less than three years and their turnover is greater than any other generation. In addition, there are now more Millennials than Baby Boomers in the workforce. 60% are open to a different job and 36% will look for a new job in the next year. No question they have their own style, attitudes, and beliefs. Unfortunately, most companies don’t have a focused retention strategy to retain these important employees.
The good news is that Millennial prefer to stay with the same company and they will if given the right environment and opportunities. There are strategies and tactics that can improve retention rates.
Bob Verchota is the owner and senior consultant for RP Verchota & Associates, a consulting firm providing services to clients, who seek to align their business and employees, creating successful outcomes, and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in leadership and organizational development, Bob transitioned to using his experience and skills in consulting.Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations, and managing change from mergers and acquisitions to project-specific disruptions of the status quo.Bob has an undergraduate degree in Business Administration, graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.