Generation Y, or the Millennials, are proving difficult to retain by many employees. Impressions of this group include a lack of work ethic, lack of loyalty and a sense of entitlement.
In reality, this group is a hard-working and technology savvy set of the workforce. As with each new generation, this workforce responds differently to various incentives and has their own set of goals. The most important thing your can do as an employer is make sure that candidates are properly screened during the hiring process (STEP ONE), and then work with your employees (STEP TWO) to reduce employee turnover in the long run by helping them to have the career experience that they require.
US companies report 23.4% annual employee turnover, which costs an average of approximately $9000 for each employee who quits. A small investment with Resource Associates can give you a competitive edge by helping you reduce these numbers.
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