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Creating a Dynamic Federal Workforce. Federal Government will face a changing workforce of millennials (born between 1977-1997) Millennials emphasize work flexibility and advancement over salary and benefits. Millennials job hop more than previous generations. Introduction.
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Federal Government will face a changing workforce of millennials (born between 1977-1997) • Millennials emphasize work flexibility and advancement over salary and benefits. • Millennials job hop more than previous generations Introduction
Millennials are more mobile in their careers because: • Care about technical skills and career development • Care more about advancement opportunities rather than retirement and benefits • Value lifestyle and workplace flexibility over salary • View as “free agents” Characteristics of Millennials
High cost of recruitment and training of new talent • $15,000-25,000 cost to replace a millennial • Losing millennials increase workload and stress of current employees Problem
Workplace flexibility • Mentoring Programs • Internal development • Internal hiring and promotions • Performance based salary reward system • Incentives • Education reimbursement • Relocation opportunities • Strong family support/ daycare Solutions