BRIDGE THE GAPS, RETAIN THE TALENTED MILLENNIALS
BRIDGE THE GAPS, RETAIN THE TALENTED MILLENNIALS

Summary/Abstract: The purpose of this research was to explore and define key characteristics that distinguish the generation of Millennials, workforce that will represent 50% of the global workforce by 2020 and to define strategic framework for creating an organization which is desirable employer. The paper is based on the work presented at the conference- XV International Symposium SYMORG 2016- Reshaping the future sustainable business development and entrepreneurship. This paper considers evaluation of results on key elements that constitute challenging and enriching workplace environment, according to Millennials, which encourages them to thrive and give their best. This paper presents theoretical and practical overview and comparison of Millennials’ expectations, both in Serbia and worldwide. The research showed that in order to attract and retain Millennials at workplace, employers should create a flexible work culture, build a sense of a community through teamwork and provide a constant feedback. In addition, organizations should embrace new technologies and social networks, encourage learning and allow faster advancement. Foundationally, it is essential to understand the Millennials’ mindset and reshape the world of work in accordance with the expectations of this new workforce entering the employment.

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