Business executives are not thinking too much about recruiting millennials, according to a new study from Epicor Software.
The report advises these executives to address next-generation workforce requirements especially as millennials are expected to account for 75percent of the global workforce by 2025.
Of those surveyed, only 39 percent said recruiting millennials was a "fairly significant" or "major" focus for their organisations.
Millennial talent will be a key element to drive business growth in the next decade due to shrinking working age population and retirement of Baby Boomers.
"The relative indifference in recruiting millennials to the workplace is especially surprising considering they are the fastest-growing generation in the U.S. workforce, and are both technology proficient and digital literate," said Celia Fleischaker, Senior Vice President and Chief Marketing Officer, Epicor Software. "Businesses that recognise and move to leverage millennial talent can gain significant competitive advantage in today's age of digital disruption."
Integrated IT infrastructure
About 80 percent of business leaders surveyed have made, or are making, investments in integrated IT infrastructure. This will attract and support the workforce of the future.
Sixty-eight percent of those polled considered freeing valuable staff from mundane tasks as important.
Two-thirds (67 percent) of those surveyed cited using technology to automate key processes, along with allowing key individuals to focus on more stimulating tasks as a top goal.
While one-quarter of execs surveyed said they struggle to retain the best staff, 59 percent said they are concerned about staff retention.
Organisations can run the risk of staff overload resulting in burn out and attrition without the right technology in place.
"Our research reveals many human resource challenges stand in the way of business growth that technology can help address. Organisations must re-think their relationship with digitally-literate workers and retool their organizations to attract, connect and empower this next-generation workforce via cloud, mobile, analytics and other enabling technologies," said Fleischaker.
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