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How to Attract, Retain and Engage the Millennial Workforce With Dr Kent Wessinger

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By 2020—just a few short months away—millennials will make up over 50% of the workforce. If you don’t understand your company’s average millennial retention rate (not your overall retention rate), it could be costing you a lot.

The average millennial stays in a job for only 16 months. At an average cost of $36,000 to replace a millennial employee, rehiring costs quickly add up. And these costs are usually not in anyone’s budget, so the losses come out of company growth, R&D, or profits.

But not all millennials leave. In this podcast, Dr. Kent J. Wessinger, millennial researcher and author of Bridges Over Ladders: Secure growth and fortify profit with millennial employees, customers, and members, shares the single most important thing your company can do to help retain your millennial employees and the simple ways to do it. Listen now.

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ABOUT AUTHOR

Carrie Charles
Carrie Charleshttps://broadstaffglobal.com
Carrie Charles is the Chief Executive Officer and Co-Founder of Broadstaff, the leader in specialized workforce solutions for telecommunications and technology. Carrie is a thought leader on workforce trends, women in tech and workplace diversity, and is the host of the 5G Talent Talk podcast on RCR Wireless News for a global audience of 150K+. Carrie Charles currently serves as the Executive Director of Industry Relations of the WIA-affiliated Women’s Wireless Leadership Forum (WWLF), with 2023 marking her fifth year on the board. Carrie serves on the Board of Directors of CableRunner International and the NEDAS Technology Association, and as the mother of a childhood cancer survivor, Carrie has aligned her personal mission with her role on the Board of Directors of the National Pediatric Cancer Foundation. Carrie additionally serves on the board of the CEO Council of Tampa Bay as the 2023 - 2024 Programs Chair. Using her diverse background as a lifelong entrepreneur, Certified Financial Planner, Certified Master Life Coach and a US Marine Corps veteran, Carrie is passionate about creating a culture of wellness and excellence. For over 30 years, she has helped thousands grow personally and professionally, and has helped companies like General Dynamics, Hewlett Packard and Eli Lilly attract, engage and retain their employees. Carrie has been a featured expert on Axios, Entrepreneur, Inc., NBC, HSN, Clear Channel networks, Thrive Global and various tech publications. Under Carrie's leadership, Broadstaff's growth has received numerous accolades, including Inc. Magazine's Inc. 5000 (2023, 2022, 2021, and 2020), the Tampa Bay Fast 50 (2023, 2022, 2020 and 2019), SIA's List of Fastest-Growing US Staffing Firms (2023, 2022), WPO’s 50 Fastest-Growing Women-Owned/Led Companies (2023). In 2022, Broadstaff earned a spot on Inc. Magazine’s inaugural Power Partners list. Carrie is a member of EY’s Entrepreneurial Winning Women™ North America Class of 2022, and a finalist for EY's Entrepreneur Of The Year® 2022 Florida Award. In 2021, Carrie was chosen as Tampa Bay Business and Wealth Magazine's CEO of the Year, and in 2019 was an honoree of Tampa Bay Business Journal's Businesswoman of the Year.