Hi All,

When I conduct seminars about recruiting, managing and retaining Millennials (Generation Y) I am always surprised how many HR people and front line managers comment, "Why do we need to do all these things to accommodate them?"

Well, aside from the fact that we are facing a labor shortage in the U.S. (which I have talked about in previous blogs), many of the things Millennials want from company are things that most all generations will also benefit from. And I'm quick to say that many companies are now stressing out about how to keep their Boomer employees from retiring so soon, and many of the advice I offer about retaining Millennials can also keep your seasoned Boomers around for a few more years (versus choosing to retire the minute they turn 60-65).

Things like an improved rewards and recognition program (a must for Millennials!), flex-time (also a must for Millennials!), creating a "fun" work environment (another must for Millennials!), and a culture that supports team communication (yet another must for Millennials!), are all things that can keep your Boomers from bolting the minute they hit retirement age.

So before you scoff at the advice that people like me, and other experts, are preaching, think about how our info can also improve your Boomer retention. If you combine the Boomer Brain Drain with our lower U.S. population growth, we're facing a labor shortage of "skilled & educated" employees over the next 15-30 years, so figuring out how to keep your seasoned Boomers for a few extra years past 60-65 will be as critical as attracting and retaining Millennial talent.

Bye for now!

Article by Lisa Orrell, Millennial & Generation Relations Expert and courtesy of Lisa's Generation Relations Blog