How to Find Success Hiring Millennial Accounting Talent
Millennials are already the largest generation in the workforce, and they are expected to make up half in less than a decade. Companies are having to increasingly focus their recruitment efforts on this generation, and many of them are struggling to attract the Millennial accounting talent they need to thrive.
Luckily, there are things you can do to increase your odds of success. Here’s how to get started.
Create Clear Career Pathways
Millennials are incredibly focused on being able to move forward in their career. They typically favor employers who offer opportunities for growth and advancement, particularly if the path is well-defined and showcased.
Since many companies don’t offer formal career planning options, many Millennial accounting professionals aren’t secure in the idea their efforts will ultimately lead to internal advancement, increasing the odds they will look elsewhere to take the next step.
If you want to attract and retain Millennial accounting employees, then you need to craft progress plans that demonstrate how you will help them develop and where they could land on the career ladder by following the path you lay before them.
The majority of Millennials have grown up with technology. Computers and smartphones are simply part of their paradigm, so companies that resist technological advancement aren’t going to seem as attractive to this generation.
If you want to showcase how you embrace the power of technology, work to integrate solutions that improve efficiency. For example, upgrading to paperless document management systems may be an ideal move as well as adding e-signature tools. Opt for robust unified communications, workflow management, and messaging platforms, especially solutions that have companion smartphone apps that enhance mobility.
Similarly, make sure to get involved on social media. Use it to announce vacancies and connect with candidates, as well as to share valuable information about your company’s culture and area of expertise.
Unlike Baby Boomers, who often prefer more formal feedback processes, Millennials favor employers where continuous feedback is the norm and recognition are part of the culture. Raised in the dawn of social media, Millennials encompass a generation where getting “likes” provides instant gratification, so delaying your input isn’t going to meet their needs and preferences.
To attract and retain Millennial accounting professionals, create iterative feedback loops that support their desire for quick input. You can also shorten your formal review cycles or simply make sure managers touch base with their Millennial employees more regularly, even if it is just for a quick thank-you for being a strong contributor.
By following the tips above, you can increase your odds of finding success with recruiting the growing Millennial workforce. If you are seeking high-quality Millennial accounting talent, the team at VincentBenjamin can help you locate your ideal candidate quickly and efficiently. Contact us to speak with one of our recruitment specialists about your needs today and see how our hiring expertise can benefit you.