When Recruiting Millennials Your Company Culture Is What MattersThe youngest workers look for employers that offer respect, opportunity and flexibility, which is probably just who you're looking to hire.

ByGerard Adams

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

As an entrepreneur you are responsible for making a number of decisions within your company. You will establish its foundation, business model and much more. As your business grows, it will likely fall on you to make the tough decisions that guide the company. These decisions will play a big role in determining your company culture.

Regardless of how large or small your business, it will have its own culture. When trying to bring in and retain millennial talent, your company culture is going to play a large role in their decision making. An entrepreneur's business may depend on creating a culture that breeds success, and that is going to be contingent upon an understanding of catering to millennial desires.

Related:5 Things Millennial Entrepreneurs Can Teach Their Business Elders About Running a Company

Understand millennials.

The current generation of college graduates doesn't plan on staying at the same company for more than a few years, let alone for their entire career. Millennials have a sense of self worth, and they will constantly search for a business that better suits their expectations and needs.

You, as the entrepreneur, will have to come up with a way not only to attract rising talent but retain it. Create a company culture that resonates with millennials on some level. Even less sexy businesses can have a culture that young people are appealed to.

Related:This Is How Millennials Want to Be Managed

Offer the right benefits.

许多企业家狗万官方发现提供一个相当大的年代alary won't retain millennial employees. While this worked for previous generations, millennials seem to be rocking the boat. Instead of letting this frustrate you and disrupt your business, focus on benefits that millennials want to see.

One of the top priorities for many millennials is their work-life balance. Offering a generous salary or wage won't go far if your employee isn't able to enjoy their hard-earned money, and this is even truer with the newest generation of skilled workers.

Consider increasing the number of days an employee can take off or add more work holidays. Offer flexibility for them to work remotely. Your employees will stay fresh and will be more eager to commit time and energy to your business.

Related:What Millennials Want in a Workplace Really Isn't So Crazy After All

Develop your rising talent.

A good company culture will go beyond perks and benefits. Many millennials want a meaningful work experience that builds their skills, not just their bank accounts. Let new hires and recently added employees know that they are a valuable piece of the company.

Bring them in on meetings, keep them updated on all facets of your business and ask for their opinion. Also, millennials are fairly open to criticism - they just prefer it face-to-face and in a timely manner. Millennials want to work for a business that they can also call their own, so treat them like an important part of your business. After all, they are the future of your company.

Wavy Line
Gerard Adams

Entrepreneur, angel investor, self-made millionaire at 24

Gerard Adams is The Millennial Mentor™, inspiring the generation to leverage their passions for success and create the lifestyle they dream of. A serial entrepreneur, angel investor, self-made millionaire by the age of 24 and millennial himself, he is most popularly known as the co-founder of Elite Daily. To date, he has built, backed or invested in nine businesses across multiple industries that have all delivered over seven-figure profits. Gerard has recently developed a video series,Leaders Create Leaders, to offer a behind-the-scenes look at what it takes to be a successful entrepreneur. Learn more atGerardAdams.com

Editor's Pick

Related Topics

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Data & Recovery

This $20 Training Bundle Could Help Your Freelance IT Business Grow

Hone your cybersecurity chops with this training bundle.