Published on: November 15, 2016
If you are having trouble finding younger workers to replace your retiring employee base you are not alone. Millions of Baby Boomers will be retiring from the workplace over the next few years. The Boomers are classified as a group who were born in the post war era up to 1964. Attracting the Millennials, a group categorized as being born the early 1980’s through the mid 1990’s, is going to be important as the Boomers retire. “As we think about recruiting and retaining different generations, we expect the Millennials and the Gen X’ers to be a large part of filling the gap of the retirement of the Boomers,” said Chris Rush, division vice president of strategy at ADP Small Business Services. With their new technology, cloud ERP solutions like Acumatica and Human Resource software like Sage HRMS can be a great resource when attracting the Millennials into the industry.
- Who are the Baby Boomers?
The Baby Boomers are more traditional in their thinking. They start a career and may stick with it until retirement time. The Baby Boomers and Traditionalists tend to be hands on, have a conservative approach, and work well with direct supervision. They value the relationship they have built with their company. They like stability and advancement in their careers. You could say that a Baby Boomer would thrive working 9-5 with a clear path for the entire future. Adding a mobile cloud ERP solution may throw this steadfast group for a loop.
- What are the Millennials Looking For?
Millennials, sometimes referred to as Generation Y, are often characterized by their more flexible and fluid approach to work and home life. While Baby Boomers were most comfortable with traditional planning models in the workplace, Millennials are generally more comfortable with flexibility and unstructured workspaces. They want a balance between work and home life. They may change careers several times in their lifespan. Millennials like collaboration, partnerships, and social connections. They are comfortable with learning and using technology to help grow the business. Millennials are willing to try new technology. The Millennials aren’t scared to try new technology such as cloud ERP mobile solutions.
- Where Does Generation “X” Fit In
Generation X is right in the middle and their priorities fall there too. “If you think about the Gen X’ers particularly, again there’s got to be a little bit more work/life balance,” said Rush of Accounting Today. “I kind of think of the Gen X’ers as fitting between the Millennials and the Boomers. Whereas the Boomers are more traditional, with more of the traditional comp and wages and benefits, and the Millennials preferring a flexible work/life balance, the X’ers are more in between. They also want competitive comp, but they also want some work/life balance, a little bit more hands-off management so they can drive their own schedules, and technology is also very important to them.”
- Attracting the Next Generation of Employee
In order to attract the next generation of employee, you have to find ways to offer what is important to them. Technology and flexibility are huge selling points. Finding ways to add new technology and flexibility into your business is a great way to attract the new generation of employee. Acumatica’s cloud based mobile technology is a great way to attract this generation of employee. You are able to use this ERP technology anywhere you have access to Wi-Fi. With so many new ERP mobile solutions out there it is hard to choose the right one. Mindover is proud to offer Acumatica, a complete and adaptable cloud based integrated accounting, CRM, and business management suite, offering the deep functionality finance executives need to automate and streamline financials and project accounting. This software will add the flexibility and technology that the Millennials are looking for.
Using HRMS Software to Hire
Now that you have seen ways to attract the next generation of employee, you may be asking yourself where to start. A great human resource software can make this step easier. Sage HRMS is a fantastic option. With integrated payroll, benefits, recruiting, employee self-service, and analytics capabilities, Sage HRMS software helps you to maximize every dollar you invest in employees, providing you with a true return on investment. To learn more download our free whitepaper, Finding a Return On Employee Investment.
If you are ready to look at new software options like Sage HRMS or Acumatica to help attract the newest generation contact Mindover Software. Our consultants can help find the right fit for your company. Visit us online or call 512-251-8992.