Creating a Dynamic Federal Workforce. Introduction Federal Government will face a changing workforce of millennials (born between 1977-1997) Millennials.

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Presentation transcript:

Creating a Dynamic Federal Workforce

Introduction Federal Government will face a changing workforce of millennials (born between ) Millennials emphasize work flexibility and advancement over salary and benefits. Millennials job hop more than previous generations

Characteristics of Millennials 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”

Problem 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

Solutions Workplace flexibility Mentoring Programs Internal development Internal hiring and promotions Performance based salary reward system Incentives ◦Education reimbursement ◦Relocation opportunities ◦Strong family support/ daycare

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