SAM ADVANCED MANAGEMENT JOURNAL

Millennials: A Profile of Desired Employer Values

Ralph McKinney, Ellen S. Castro, Sarah Bostic, Pearce McDonald, and Ryohei Fukuda

DOI:

Citation: McKinney, R., Castro, E.S., Bostic, S., McDonald, P. & Fukuda, R. (2023). Millennials: A profile of desired employer values. SAM Advanced Management Journal, 88(3),75-92.

Abstract

This study identifies Millennial values associated with employment relationships to present practitioners a profile for attracting, recruiting, and retaining quality employees. When seeking high-quality employees, organizations need to clearly communicate the job description with equal emphasis in communicating the values and benefits of working for said organization. This study has identified that communicating an organization’s positive corporate culture that nurtures employees is essential at attracting Millennials to improve the success of acquiring and retain talented employees. While compensation, specifically health insurance related benefits, account for ~75.4% of the total compensation, the types of indirect financial benefits impact the retention of these Millennials. Finally, the Work / Life Balance must be considered holistically with what we call the ‘Spillover Effect’ to ensure the appropriate social and philosophical attitudes towards an organization.

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