If you are finding it difficult to find younger workers to replace your retiring employee base, you are not alone. Millions of Baby Boomers will retire from the workplace over the next few years. Baby Boomers are the people who were born in the post war era up to 1964 and they are starting to wind down their careers.
With the Baby Boomers beginning to retire, the industry is going to have to work to attract the Millennials, a group categorized as being born in the early 1980’s through the mid 1990’s. “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. How can you do this? One big attraction for the Millennials is technology.
Use mobile ERP solutions, such as Acumatica, to draw in the Millennials
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- 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 an ERP Mobile 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 Acumatica ERP.
- 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
Attracting the next generation of employee is easy if you find ways to offer what is important to them. Technology and flexibility are huge selling points. Adding new technology and flexibility into your business is a great way to attract the new generation of employee. The Millennials are all about technology and using cloud and mobile technologies is a great way to draw in the Millennials. This technology allows you to have access anywhere you have access to Wi-Fi. With so many new ERP mobile solutions out there, it is hard to choose the right one.
ERP Mobile Solutions from Emerald TC
Emerald TC offers 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. The feature that will draw those Millennials right in is that the software is cloud-based and can be used from any device that is connected to Wi-Fi. This adds the flexibility that the Millennials are looking for. Contact us today to learn more.