In the last several years the online chat rooms and various media outlets have been discussing, at length, workforce diversification and the uphill battle millennials face in trying to find jobs after graduation. CIO.com staff writer, Sharon Florentine penned a compelling article titled “6 Ways to Attract and Retain Female IT Talent”. It reads, in part,
“Women are good for business. While there’s no magic formula businesses can use to shrink the (still abysmal) gender gap in technology, there are some concrete steps you can take to recruit, hire and retain female tech talent.
Over the last decade, research has shown that companies’ bottom lines benefit when they actively recruit, develop and advance women. Studies demonstrate that enterprises that strive to include women are better able to attract and retain talent, reduce turnover costs, enhance organizational performance and build a robust leadership pipeline.”
Today’s workforce culture is also experiencing a generational shift in attitudes as many of today’s businesses are grappling with how to handle tomorrow’s leaders in the workforce-the Millennials. An excerpt based on a recent report by Bentley University on Millennials in the Workplace states that;
“The Millennial generation is better educated and more diverse than any other generation in U.S. history. However, the various economic crises they have experienced as young adults have led them to question the effort and sacrifices they have made to get where they are, and to wonder about the best career path for the future. Forced early in their careers to recognize that hard work and a good education do not necessarily lead to job security, members of this well-educated group say that their family responsibilities and personal aspirations will take precedence over their professional goals.
Family and personal authenticity are key aspects of this cohort’s identity and they are frustrated with companies and corporate structures that are not evolving to allow them to live up to their aspirations. Seventy-six percent (76%) of the women and 73 percent of the men see themselves as authentic. They are not willing to compromise their family and personal values.”
The bottom line; there is no denying the positive impact a diverse workforce, including millennials can have on a company.