Millennial Hiring Part 7: The Job Offer
You have found a Millennial that fits your hiring needs and you are ready to make a job offer. Perhaps you have various perks that you think this new Gen Y candidate will find appealing. Possibly you are able to offer a highly competitive salary that you think they won’t be able to refuse. Whatever you are armed with, is it enough? What is this youngest generation of workers looking for in a company they will eventually accept a job offer from and how will they work this process?
There are a few things to keep in mind before discussing the details. Millennials are tech-savvy. They will most likely have done quite a bit of research on your company, industry and average salary of the position they are interviewing for. They may even have shown any company information (and eventual job offer) to their parents for review. They will probably have other offers they are weighing at the same time and they will not choose solely based on salary – they are looking at the complete package, including “extras” companies offer. These include a fun working atmosphere, the ability to align with global or environmental charities and causes, the extent of the training or mentorship program, etc.
As an example, ZipRecruiter reports that for Millennials looking at a new role, the importance of the company’s alignment with charity is as follows:
- 94 percent like using their skills to benefit a cause.
- 77 percent prefer working with groups of fellow employees rather than performing independent service projects; 62 percent prefer to volunteer with people in their department.
- 57 percent want more companywide service days.
- 47 percent had volunteered on their own for a cause or nonprofit in the past month; 47 percent had performed a volunteer project with their team or department and 44 percent had participated in a companywide service day.
Also mentioned was that 64 percent of Millennials ask about social media policies during employment interviews and 24 percent respond that it would be a key factor in accepting the job offer.
Expect negotiating in your job offer as well. Gen Y children were given choices and taught that there is room for asking questions and not accepting what is first given to you. Understand that they may take to social media and/or ask friends, peers and family to weigh-in on their offer and come back to you with their thoughts on various aspects. This shouldn’t be taken in offense, but understood as a different outlook when it comes to the business world. Focus on the work-life balance perks your organization provides and be clear and firm in the amount of leeway you can give with the offer. These aren’t unreasonable requests that some take them as, but simply the way Millennials were raised to think. They were taught they deserve the best so they are going to seek out their version of that. There’s nothing wrong with that – hopefully “The Best” mentality will segue into their performance.
Traci Kingery, PHR is an HR Professional and freelance writer based in the Midwest, specializing in immigration and talent management. When she’s not improving unemployment, she keeps busy with her husband and four children.