Leveraging Technology To Retain Talent
With the job market being so tight, and Millennials are often referred to as the 'job-hopping generation,' the importance of employee retention cannot be overstated.
Companies have found that Millennials are 3X more likely to switch jobs than any other generation. They might not be actively looking for a new position, but they are always open to discuss it.
Attracting and retaining top talent is critical to any industry, but with 10,000 Baby Boomers retiring every day, and Millennials not flocking to manufacturing jobs, keeping the right people you have is a necessity. And, with the unemployment rate falling below 4% this year, the job market is super-competitive, and your top people are being hit hard by recruiters.
Emerging technologies provide a competitive edge
The traditional workspace has been evolving for quite a while now. And for both Millennials and Baby Boomers, workplace technology is now a necessity. Workers, especially Millennials, do not accept outdated technology and processes and will gravitate to tech-driven manufacturers that adopt these new technologies.
Four our of five Millennials say that workplace technology will influence their decision to take or stay with a job!
In the war for talent, manufacturers are flaunting their competitive wages, office-perks, and sometimes their culture, but are not investing in the #1 reason why Millennials stay with a company…their technology culture!
Worker expectations regarding technology
Millennials are the first generation to grow up in a fully connected world, with mobile phones, the Internet, and cloud computing, the entire workforce now demands these technologies, and no longer looks at them as perks. If the company they are looking at, especially if it is a manufacturer, doesn't incorporate these workplace technologies, they will find one that does.