By Rowenna Berry, senior product manager at Reward Gateway
Let’s start with the obvious one: Today’s workforce has changed.
The millennial generation are the largest segment of the workforce today, with one in three American workers being aged 18-34 years, according to Pew Research.
But the average tenure of a millennial worker is just two years, less than half of the average worker’s stay of nearly 4.5 years (Source: Future Workplace).
And yet, the focus remains on long service awards rather than how to get millennials and other workers to stay for that duration.
The short tenure proves that employers are failing to give millennials what they’re looking for, which can be boiled down to three things.
Click here to find out what these are and watch a quick video about how to retain employees by recognising and rewarding them at the right times.