It’s no secret that the Talent Acquisition industry can be slow to evolve and even slower when it involves adopting new technologies. But as the makeup of today’s workforce increasingly skews towards a younger generation, it’s becoming increasingly important for companies to adapt their hiring practices in ways that make them attractive to Millennial (Gen Y) and Gen Z job seekers.
Currently, Millennials and Gen Z represent just over 35% of the workforce and that number is projected to reach 75% by 2030. Companies who do not proactively target these job seekers are going to find it particularly difficult to compete for the best talent in the coming years. Younger generations live in a world where everything is digital, seamless and provides instant gratification and that extends beyond just social interactions. The expectation of simple, low-friction, high engagement content is something younger candidates are gravitating towards even in the professional world.
Shifting gears to attract the Gen Y and Z crowd may require your Talent Acquisition Team to make some significant changes, but difficult as it may seem, there’s no better time to start than now.
We’ll cover some of the most important areas of consideration below but this is by no means an exhaustive list or one-size-fits-all approach. You may find the challenges of your particular industry or company aren’t addressed below but this should at least give you several things to think about.
Make it High Tech
With the explosion of mobile devices in the past ten years and people on the go more than ever before, it’s no question we are living in a "mobile-first" world. In fact, a recent study showed that 68% of Millennials have searched for jobs on their mobile phones. So why then have most companies not modified their hiring processes to find job seekers where they spend most of their time?
Any company looking to hire the younger generation must, at a bare minimum, be fiercely committed to a mobile-optimized hiring experience. Though those companies willing to take it a step further with a mobile-first hiring experience will find themselves with far more qualified candidates to choose from.
Focusing on building a mobile-first hiring experience starts by accepting that the traditional hiring flow, which requires back and forth emails, multiple phone interviews and lengthy in person interviews, is no longer relevant and unnecessarily costly both in time and money.
Companies should instead put their time and money into things such as:
Get Social
On average, young people spend just over 2 hours per day on social media. It’s where they connect with friends, share their lives, get their news, and now more than ever, where they find their next job.
If you aren’t already paying attention to your company’s social media presence, you should be. Beyond just a destination for sharing the happenings with your products or connecting with customers, social media is critical to attracting job seekers.
Here are some ways to get started:
Commitment to Diversity & Inclusion
Of all your employees, those in the younger generations are most likely to put value in a company’s commitment to diversity and inclusion. Many of them have grown up in an environment that not only strives to accept differences but actively seeks to grow and maintain their own communities of people from all walks of life. In order to attract talent from these folks, your company needs to make diversity and inclusion a priority.
When it comes to your commitment, it’s important that you don’t just talk about it, but actually show it. Many companies take the time to put out fluffy press releases or circulate internal emails about what they are doing to improve diversity, but few actually take the necessary steps to put those plans into action.
Work on doing the following:
Bottom line, welcome the challenge and don’t be afraid of change when it comes to adapting your hiring practices. The ever-expanding Millennial and Gen Z applicant pool is full of extremely talented prospects that will shape the future success of your company - and likely teach you a thing or two.