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Staffing Central: The Millennials Edition

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Whether you’re a recruiter, job seeker, manager or entry-level employee, keeping up with the latest trends in the staffing industry is essential to professional growth. Staying on top of the industry can feel like a full-time job in itself. 

Wondering what’s up in the staffing industry? Here are the headlines for June 2016:

1. The millennials are coming
In 2015, millennials became the largest segment of the U.S. workforce. But that was just a preview of what’s to come. 

In her post on LinkedIn, Kathleen Hogan, EVP of Human Resources at Microsoft, says millennials will make up 50 percent of the global workforce and 75 percent of the U.S. workforce by 2020. 

In her post, she predicts that the generation’s ability to fully utilize the power of data technology will radically change the HR industry in the next several years. Specifically, the EVP says she expects to see changes such as the mandatory measuring of engagement and collaboration, an emphasis on workplace culture as a means of attracting top talent and the replacement of traditional hiring tools such as job descriptions and resumes by more quantifiable metrics. 

2. A leadership crisis?

Leadership Awakened,” a 2016 Deloitte University Press report, finds that while “89 percent of companies see leadership as an important or very important issue … only 7 percent, believe they are ‘excellent’ at building millennial leaders.” 

However a survey by WorkPlaceTrends.com and Virtuali suggests that millennials see the situation differently. 

More than half of the millennial men and women surveyed believe they are prepared for leadership positions now. Ninety-one percent “aspire to be leaders” and “43 percent are motivated to become leaders in order to empower others.” 

3. Millennials aren’t afraid to move on
A new Gallup survey finds that millennials change jobs three times more frequently than non-millennials. Though job-hopping was once frowned upon, changing jobs every couple of years has become de rigeur, especially in fields such as technology, e-commerce and new media. 

While discouraging for the companies they leave, job-hopping millennials present opportunities for companies seeking new talent. 

“More than ever, employers need to know and act on the factors that make their company appealing to these candidates. They have to make it easy for prospects to choose them over their competition,” write researchers Brandon Rigoini and Amy Adkins in an article for the Harvard Business Journal.

4. Employees who resign may return at a later date
Once upon a time, employees who resigned from their companies, were not welcomed back. That’s changed, according to a study by Workplace Trends. Today, 76 percent of HR professionals surveyed say they would be willing to hire a qualified boomerang candidate back. 

Among the benefits of boomerang employees who return to their former companies: they bring new skills, require less intensive onboarding than brand new employees and have seen the “grass on the other side” — and have found it isn’t as green as it seemed.

5. Millennials want to grow in their jobs
Contrary to widely held impressions of millennials, the Gallup survey discussed by Rigoini and Adkins found that members of the millennial generation care more about professional development and being challenged than they do about having “fun” at work. 

Among respondents’ top priorities — opportunities to learn and grow, capable and supportive managers, honorable management, interesting work and good opportunities for advancement. 

Have you noticed any staffing trends among millennials? We’d love to hear from you. Join the conversation on Facebook or Twitter.

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