Millennials, the largest generation currently in the workforce, place a high value on having a sense of purpose in their work. Just as purpose can bring them great satisfaction, the lack of purpose can drive them to look for new jobs. Organizations that make an effort to give their younger workers a sense of purpose experience higher retention, pride, and endorsement with this cohort.  

With the right approach, organizations don’t have to sacrifice loyalty for performance. By implementing some (or all) of the following 13 creative strategies, companies can increase their ability to grow and retain great employees. 

The upheaval of the last couple of years has changed how companies work—and now it’s changing how they hire. Many employers and HR managers are being forced to make adjustments to how they recruit, train, and retain new people while the skilled-labor shortage continues. And as the world recovers from the economic setback caused by the pandemic, many companies are taking a look at alternative routes to help them get back on track. One possible solution is to hire nontraditional employees.  

Early retirements, burnout, employees rethinking their careers -- the Great Resignation is in full swing. These hiring challenges aren't unsolvable, though, especially if companies look for inspiration in the successful recruitment strategies that other employers are using.

An EVP defines what the organization stands for by describing the company's characteristics, benefits, and ways of working. As the deal struck between a company and its employees, the EVP differentiates an employer from its competition.