The young talent has the most potential to transform an organization. A young talent with substantial experience in one industry can be used to successfully navigate another industry. Each decade seems to bring a new crop of entrepreneurs.
The subsequent generation is called Millennial or “Echo Boomers”. They are much more tech-savvy than previous generations, and due to their unique needs, large companies who want their businesses to stay competitive should hire young talent. There are numerous benefits to bringing in this talent, including improved morale, forward-thinking solutions, less conservative thinking (and hiring), and improved business processes.
This post will highlight 10 ways that you can attract young talent to your company. These are people who will not only help you succeed but also help you grow your company.
10 Ways To Attract Young Talent
Recruitment and development are some of the most important aspects of running a business. The right teammates can help you grow faster and more effectively, and the wrong teammates can hinder your growth. Finding the best possible candidates are key; you want people who are going to help you succeed, not hinder you. Thankfully for you, we know exactly what skill sets are needed to boost your company’s productivity and profits.
- Have a youth-friendly workplace
- Provide comprehensive training opportunities
- Create an internship program
- High-powered mentors
- Communicate for clarity
- Offer flexible work locations and work schedules
- Use your social networks to reach out
- Develop a competitive salary plan
- Create innovative marketing strategies
- Holiday party plans in the works
Have A Youth-Friendly Workplace
The work environment is very important for your success in this business. When working with young members of your team, you need to not make them feel like they are less experienced, because they are worked the same amount of hours as you. When there is potential for conflict in the workplace, it may prevent some potential talent lose their desire to stay. Therefore, the first step you should take when creating a youth-friendly workplace is to think about why you want this environment and make sure it is something that will benefit both you as an employer and your employees as well.
The Youth-friendly workplace is aimed at attracting and retaining talented people who are interested in working in companies with a socially friendly environment. It employs various methods to achieve this goal such as fun social activities, sponsorships, clubs, and websites that promote an environmentally friendly image.
Provide Inclusive Training Program
Learning new skills will increase the value you provide to clients, which will lead to an increase in demand for your business. Training is an important element of corporate social responsibility that can promote organizational effectiveness in supporting high levels of ethical behavior and corporate governance. With increased awareness of the need for training and awareness of how it can participate as a business strategy, this report evaluates the impact that organizational training programs have on corporate financial performance. Future work will explore how broad organizations’ implementation of specific formal training programs influences individual and organizational performance, and if these influences vary by industry.
Create An Internship Program
Internship programs have become a hot topic in the job market. Not only do they provide valuable experience to under-qualified candidates, but they can also be beneficial to businesses. Employers who create internships have an increased chance of landing high-quality talent who are willing to work for lower wages. The benefits of an internship are numerous—from networking to meeting potential employers, to gain valuable knowledge and professional connections.
High-powered mentors, i.e., an entrepreneur who has achieved considerable success in his or her field, are everywhere these days and to be welcomed with open arms. If there’s anywhere you need mentors it’s in your startup. A mentor is someone who can give you valuable insight into starting and running your startup. They’ll have the first-hand experience from joining your company and also be able to give you advice and insight on how other successful entrepreneurs have achieved their successes (and things they’ve learned along the way).
Communicate For Clarity
If you’re a young professional seeking to attract and retain talented staff, you need to consider three things:
- Retaining talent
Recruiting is the easy bit. Developing and retaining is where the real work happens. If your company is poor at retaining staff, you won’t be able to compete with your peers in the job market; losing talented staff reduces your competitive advantage and ends up costing you money throughout the business cycle. The lack of clarity around what attracts talent to a company can make it hard to attract top talent. This is particularly true if you’re a smaller firm looking to boost your competitive edge and expand your market presence. It’s no longer enough to know which industries attract great employees – you need to know why. This is where communicate for clarity can help you out.
Offer Flexible Work Locations And Work Schedules
The employee needs to feel wanted and appreciated at work. One thing that can help to make this happen is having flexible work locations. Work location is very important regarding recruiting and retaining talented professionals. There are numerous benefits associated with working remotely from home including but not limited to saving costs on expenses, providing your employees with additional personal benefits such as sleep and exercise without having to commute to an official post, allowing you to maintain flexible working hours so you can tend to family problems at home more easily and creating a more even playing field for salary negotiations due to fluctuating expenses at home which seek to be covered by income from remote work locations.
Use Your Social Networks To Reach Out
One of the best ways for business owners to generate new leads and expand their business is to use their social media accounts to get the word out about their products or services. A little creativity and planning go a long way when trying to attract a new client or clientele. The world of social media is a vast wonderland of entertainment, ideas, and networking opportunities. As a recruiter, it’s your job to use social networking to find the best candidates for your organization. Not all social networks give people the same experience.
Each network has its own rules and restrictions that can make it difficult or impossible for you to find the people you’re looking for. Places like Twitter, Facebook, and LinkedIn can be great for networking. People who speak your language will tend to reach out to you first.
Develop A Competitive Salary Plan
A competitive salary plan is something that every business owner should aim to introduce into his/her business because it will bring high-quality employees to your company. With these salary plans, employees will be able to earn a livable income which will bring great happiness to them as well as giving them the motivation to work hard and improve themselves. Only by having a competitive salary plan will you ensure that your employees are motivated to work hard and succeed in whatever ventures they take part in.
If you want to expand, there’s a good chance that your new hires will view the stability of your company as positive. First, it helps you recruit and retain top talent who will commit to staying with you for the long term. Second, offering a competitive salary makes it clear you know what you’re worth and that you can win any dispute (before or after employment) based on skills and performance, not their job title or seniority.
Create Innovative Marketing Strategies
Innovation is key in the battle for talent. If you’re not innovative, then what chance do you have of attracting and training the next generation of successful professionals? To attract and train the next generation of successful professionals, you need to create innovative marketing strategies; otherwise, your competitors will simply out-market you, taking away your competitive edge. Here are some tips for creating innovative marketing strategies:
- Use trends related to your industry to inspire your strategies
- Look for foreign competitors who are using new techniques to develop your strategies
- Work with experiments – have a try!
- Use social media to attract more customers
- Offer something worth talking about
- Make your pitch short, crisp, and clear
- Work with the popular websites for “How to” articles – you will find interesting articles in there that will help you better express your marketing strategy
Holiday Party Plans In The Works
The best way to capture the imagination of young people is to create experiences that they value. Employees are the most valuable assets to any company. They’re also hard to find and hard to keep. Several strategies are used to assist in this process, but one of the most important is holiday party planning. Taking your team on a holiday can be an effective way of promoting employee retention by giving them something fun to do while they are away from work.
Young talent is the lifeblood of any company. Many companies are noticing an increase in millennial participation and are seeing the value in tapping into the creativity and expertise of this generation. Organizations are taking notice because young people are more entrepreneurial than their elders and tend to believe that their future lies in working with entrepreneurs. In recent years there has been an outpouring of companies creating scholarship programs designed to entice young people into joining their organization.
Talent is one of the most important assets you can acquire.