HRO Today July/August 2015 - 56

Workforce Insight
Managing The
Modern Workforce
Organizations need to shift traditional thinking in order to attract
and retain Millennials.
By Colleen Albright
With the recent emergence of the young, motivated
and savvy Millennials, there have been several rapid
changes to traditional workplace expectations. Young
professionals are shaking off old trends and driving their
careers based on what fi ts their personality, values, and
lifestyle.
As the nation's economy continues to recover and drive
a healthier workforce, the balance of power has shifted
in favor of the job seeker. Business leaders are not only
looking to experts to help attract and retain the elusive
Millennials-they are depending upon them. According
to the 2015 Millennial Majority Workforce study
commissioned by Elance-oDesk, more than half of hiring
managers say they have diffi cultly fi nding and retaining
Millennials, yet only 21 percent prioritize a personal fi t
over hard skills.
It's becoming clear that old strategies are no longer
effective and the time has come for a paradigm shift.
There are several marketplace trends to help businesses
harness Millennial talent by adjusting their hiring
strategies to focus on workplace culture.
[56]
HRO TODAY MAGAZINE
| JULY/AUGUST 2015
Hire for Fit, Train for Skill
At the end of the day, most businesses understand that
people are their most valuable asset. An organization's
brand and success is built by the people who work within
their walls. While solid management and a good business
plan are critical, it is the team that executes the work,
gets results, and builds a loyal base of employees. For this
reason, employing a " hire for fi t, train for skill " strategy
is now becoming the competitive differentiator for
companies' hiring practices.
Even if a candidate does not bring the exact degree or
work experience the position calls for, they may still be
the right person for the role. Hiring managers who invest
in candidates with the right soft skills, like adaptability,
stability, willingness to learn, team fi t, and integrity,
are seeing it pay off when they end up with employees
trained to company's specifi cations paired with good
work habits specifi c to their brand.
This approach saves time and effort down the road and
allows hiring managers to choose the candidate that best
fi ts their company culture rather than the one who looks

HRO Today July/August 2015

Table of Contents for the Digital Edition of HRO Today July/August 2015

HRO Today July/August 2015 - 1
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