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Friday, 08 March 2024 23:16

Recruiting and Retaining Millennials

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Millennials, are those born between 1980 and 2000. They are projected to make up 75 percent of the workforce by 2025. As more baby boomers retire, no longer are millennials the workers of the future; instead, they are the leaders of today.

Millennials grew up watching their parents, some of whom have been at organizations for decades, get laid off or demoted during the recession. As a result, they tend to resent traditional career ladders and companies that base promotions and raises on tenure rather than skills and talent. If your company offers few or no internal advancement opportunities, employees that began in entry-level roles may look elsewhere after they have gained a year or two of experience. 

What can you DO to help fight hiring costs and retain your millennial workforce? We have put together a document with studies that have been conducted on this topic and some helpful tips to get you started. Download it HERE
 
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Kristen Russell

Kristen founded Fall River Employee Benefits as the culmination of her insurance industry career as an actuary, underwriting executive & consultant. As an Assistant Vice President at Great-West Healthcare (now part of CIGNA), she managed a $1 Billion block of health insurance. She also worked as a Senior Consultant at Reden & Anders, consulting to insurance companies and large employers throughout the country. Ms. Russell received a Bachelor of Science, Business Administration in Actuarial Science, is a member of the American Academy of Actuaries and achieved Fellowship in the Society of Actuaries through a rigorous nine-year series of exams.

Kristen grew up in Iowa but has lived in Colorado since 1993, currently living near our office in the Lower Highlands neighborhood near downtown Denver.  She enjoys bicycling, hiking, traveling and has a special passion for non-profit volunteering. She is married to an incredibly talented photojournalist, has two adult stepdaughters and an adorable Border Collie/Lab mix named Chaco.