Cultivating the Next Generation through Career Pathing

Cultivating the Next Generation through Career Pathing – How to Retain Millennials in the Workforce

As millennials replace baby boomers as the largest generation in the workforce, organizations face a pressing challenge: how to retain these valuable employees. Statistics show that 60% of millennials expect to stay in a job for less than three years. With the cost of replacing a millennial employee ranging from $15,000 to $25,000, it’s clear that high turnover has significant financial consequences. Companies must adopt strategies that appeal to the unique expectations of this generation, one of which is offering a clear path for career advancement.

Millennials seek opportunities for growth and development and want to see a roadmap for their future. They are motivated by the ability to set goals and take charge of their careers. By providing career pathing, organizations can empower millennials to manage their professional growth and stay engaged in the long term.

In our webinar, *Retaining Millennials: Cultivating the Next Generation through Career Pathing*, TalentGuard CEO Linda Ginac revealed the tools, data and processes needed to equip millennials with a self-directed career plan. The webinar covered:

– Building a Career Framework: Learn how to design a career structure that aligns with organizational goals and supports millennial career ambitions.
– Assessing Competency Gaps: Discover how to identify skill gaps and create action plans to close them, enabling employees to progress toward their career goals.
– Empowering Mentorship: Understand how to support employees in identifying and engaging with mentors who can guide their development.

Join us to learn how career pathing can cultivate the next generation of leaders and reduce turnover costs. By offering clear advancement opportunities, organizations can retain their millennial talent and foster long-term growth.

To learn more about TalentGuard Workforce Intelligence Platform and our Career Pathing software, please request a demo. Get started today!