Retaining Millennials in Today's Workforce

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.

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

Areas Covered in the Webinar:

• 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

Webinar Benefits:

• Live question and answer session
• Copy of speaker's presentation slides
• 146 Retention Strategies
• Questions for conducting stay interviews

Who Will Benefit:

• Individuals responsible for employee retention
• Human resources
• Employee development
• Leadership and management

Bob Verchota
Owner and Senior Consultant, RPVerchota and Associates

Bob Verchota is owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.

Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations and managing change from mergers and acquisitions to project specific disruptions of the status quo.

Bob has an undergraduate degree in Business Administration, graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.

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