Because of cultural and economic changes, Millennials are more likely to change jobs frequently, or “job hop,” than older generations - especially in the five years following graduation. Often employers hope or expect that their new hires will stick with them for a long-term period, but that is getting less and less likely.
What does this mean for the employee onboarding process and compliance officers? Because Millennials spend less time on average per job, they’re likely to be underprepared compared to other workers.
Getting all employees trained in compliance is important, never mind how old they are. With the wave of employable Millennials joining the workforce, avoiding litigation through risk mitigation can save companies a lot of money.
Millennials are becoming the fastest-growing working demographic, so it’s better to figure out how to get your employee onboarding process for Millennials up to speed now, before it’s too much to handle.
So Millennials will need compliance and risk mitigation training. How should you focus your approach?
How to Onboard Millennials
Millennials are extremely comfortable with technology. If you want to train Millennials in compliance, for example, it will be much easier if you go for a blended learning approach, or remove the classroom learning altogether.
To create effective training programs, a compliance officer needs to speak the learner’s language, and in this case the learner is incredibly tech-friendly (in fact, a Millennial learner will probably expect tech to be part of corporate training). This shouldn’t be a problem, since solving the language problem also solves other problems with classroom learning and traditional corporate learning.
What’s the best way to integrate a new hire into the company? Well, one way is to ensure the new hire feels confident and comfortable knowing they can do the job they’ve just been hired to do. How can this be achieved?
Instead of giving every new hire that crash course that everyone in the company knows is more of an exercise in slide-watching than actual education, make sure the learning continues beyond the first day at a company.
Adaptive Learning: A New Approach to the Employee Onboarding Process
With the Adaptive Learning e-learning process, learners are quizzed on their knowledge over time to gauge where their strengths and weaknesses lie, and where their memory is starting to fade. Learners can feel more confident knowing exactly which areas of their job they need to work on, and exactly what they don’t know.
One of the greatest problems for new graduates in the workforce is conscious incompetence, which can cost a company money and time (not to mention employee happiness). Adaptive Learning is a tech-friendly solution that can adapt to blended learning or complete e-learning scenarios easily.
With an easy user interface that any Millennial with a smartphone would be able to readily adapt to, Adaptive Learning promises shorter training times with greater mastery over the subject material than other e-learning platforms; and it can adapt to your existing training program with ease so you don’t have to start from scratch.
Basically, there’s no better way to successfully onboard Millennials into your company than Adaptive Learning.