Millennials (sometimes called Generation Y) are in high demand, especially in the IT world. These talented young employees tend to be cheaper than seasoned IT professionals, often fresh out of college and full of bright ideas about cutting-edge technologies. With so many organizations chasing these young employees, however, CIOs are up against some stiff competition for Millennial talent.
While researching this week’s tip on retaining Millennial employees, I spoke with Lisa Orrell, author of Millennials Incorporated and Millennials into Leadership. She feels that recruiting young employees should be at the top of every CIO’s priority list. “The smart companies are very actively recruiting and getting their infrastructure in place to hire more and more young people,” she said.
If you aren’t having luck recruiting Millennials, you might be overlooking one key resource: your current Millennials, who often feel that their co-workers are an important factor in their job satisfaction. “Take young employees that you would most want to clone and train them to reach out to people who are already employed,” suggested Scott Degraffenreid, an analyst who specializes in corporate referrals, retention and recruiting.
In addition to helping to find new employees, this should also satisfy the young employees already in your IT department. Not only will they contribute to finding new talent, but they will also typically choose other young employees who would be a good fit for your team.
Donald Shandler, author of Motivating the Millennial Knowledge Worker, has seen success with this tactic. “Millennials want to work with people whom they consider friends,” he said. “A lot of companies have incentive programs for Millennials to attract others, which works out well.”
Millennial Jeremy Baumgartner, a systems engineer at SRC Technologies Inc. in DePere, Wis., agrees that his coworkers are the best part of his job. “It’s nice that I know literally everyone that works there. When we’re working together, it’s a lot more relaxed environment than most corporate places,” he said. “We like to tell clients that it’s the people that sets us apart.”