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We’ve written a lot about Millennials on HCM Essentials, and in Aberdeen Group research. The youngest generation of the workforce is more of a preoccupation than previous generations, because they grew up during the tech boom. Now they’re making their way out of college and into the corporate world, and are even holding a hefty percentage of management positions. Millennials have been the fascination of thought leaders for some time now, which begs the question: do you need to hire Millennials to keep up with today’s tech-driven business landscape?

Aberdeen’s senior HCM research analyst, Howard Adamsky, thinks the answer is yes. In his recent report, From Millennials to Must-Haves: How Engagement and Recognition Ensure Best-in-Class Performance, Adamsky argues that Millennials are integral to success in today’s marketplace. Organizations need to learn how to engage them, develop their skills, and recognize them for their achievements. In fact, Best-in-Class HR teams are:

  • spending 70% of their recruiting efforts on hiring Millennials
  •  9% more likely than All Others to recruit Millennials for open positions than Gen Xers
  • 49% more likely to recruit Millennials for open positions than Baby Boomers

With an estimated 10,000 Baby Boomers retiring every single day, the future of most organizations will be to court and attempt to hire Millennials by the boatload. Strangely enough, hiring them will probably take a backseat to retaining them, and even more so, to keeping them highly engaged and productive.

To learn more, read the full report.

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