2020 - Retaining Millennials in Todays Workforce

OVERVIEW
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.
LEARNING OBJECTIVES
Why Millennial employees stay or leave?
How to measure turnover?
The relationship of compensation to employee satisfaction and motivation
The relationship of leadership to retention and turnover
How to create a workplace "community"?
Why recruitment and interviewing are important in managing turnover?
The importance of "Stay interviews"
135 ideas for reducing turnover
10 steps toward great retention
Ideas for more effective onboarding
Importance of realistic job previews
7 steps to giving effective recognition
Linking benefits to retention
The 5 components of the retention model
Keys for millennial retention
WHY SHOULD YOU ATTEND
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.
AREAS COVERED
Cite factors that contribute to Millennial employee turnover
Identify strategies for retaining employees
Understand the link between leadership, employee satisfaction, and turnover
Measure employee turnover
Cite three factors that contribute to employee motivation
Understand the priorities of the Millennial generation
WHO WILL BENEFIT?
Individuals responsible for employee retention
Human resources
Employee development
Leadership and management
SPEAKER
Bob Verchota, SPHR, is the President and owner of RPVerchota & Associates, a human resources and management practices consulting firm. He has over 30 years of human resources and operational leadership experience. His most recent corporate assignments include serving as VP Support Services, VP of Ancillary Services and Human Resources, and VP Human Resources. Focus areas include organization change and employee development, talent acquisition, risk management, compensation and benefits, labor and employee relations, performance improvement, and other operational issues.
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