Attracting Young Talent

How to attract and retain young talent in the leasing industry

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How to attract and retain young talent in the leasing industry

Posted on 01 February 2024 by Jane Theobald

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​Attracting and retaining young talent in the leasing industry requires a comprehensive and strategic approach that recognises the unique preferences, aspirations, and work dynamics of the emerging workforce. Here are several suggested strategies for employers to consider:

Modern Recruitment Approaches:

To attract young professionals to your employer brand, it is crucial to collaborate with a professional recruitment consultancy specialising in Leasing. This consultancy should be renowned for its skilled use of social media platforms, online job boards, and targeted marketing to reach a younger audience. They should also possess the market expertise to showcase the innovation, growth potential, and diverse career opportunities within the leasing industry.

Invest in Training and Development:

Young professionals are eager to learn and grow in their careers. Establish robust training programmes, mentorship opportunities, and pathways for skill development within your organisation. Promote and communicate a commitment to ongoing learning and career progression. Consistently reinforce the notion that their ideas and contributions are invaluable.

Flexibility in Work Arrangements:

Consider offering flexible work hours, remote work options, or hybrid models that allow for a better work-life balance. Flexibility is highly valued by the younger generation and contributes to higher job satisfaction and loyalty.

Company Culture and Values:

Emphasise a positive and inclusive company culture that resonates with the values of young talent. Foster a sense of community, purpose, and belonging within the workplace. Highlight initiatives that support diversity, equity, and inclusion.

Integration of Technology:

Embrace and integrate technology in the workplace. Young professionals are often tech-savvy and appreciate companies that leverage technology for efficiency, innovation, and a dynamic work environment.

Competitive Compensation and Benefits:

Offer competitive salaries, bonuses, and comprehensive benefits packages that align with industry standards. Additionally, consider unique perks or benefits that appeal to younger employees, such as student loan repayment assistance, wellness programmes, or flexible leave policies.

Sustainability and Social Responsibility:

Demonstrate a commitment to sustainability and social responsibility. Highlight your company's efforts in environmental sustainability, ethical business practices, and community engagement.

Feedback and Recognition:

Implement a culture of regular feedback and recognition. Younger professionals appreciate open communication and opportunities for acknowledgment of their contributions. Establish performance reviews and feedback mechanisms to support their professional growth.

Diversity and Inclusion Initiatives:

Showcase a commitment to diversity and inclusion within the organisation. Establish policies and practices that promote diversity and offer equal opportunities for all employees.

Networking and Industry Involvement:

Encourage participation in industry events, conferences, and professional networks. Support memberships in leasing-related associations or groups, fostering connections and learning opportunities.

Purpose-Driven Work: Emphasise the industry's positive impact on society and real-world problem-solving. Highlight the purpose and significance of the work being done in the leasing industry to engage young professionals looking for meaningful careers. Involve them in projects and creative solutions to address such real-world issues to enhance your brand's competitive advantage.

Foster Innovation and Entrepreneurial Thinking:

Create an environment that encourages new ideas, innovation, and entrepreneurial thinking. Allow young talent to contribute their ideas and feel valued for their innovative thinking within the organisation.

By incorporating these recommended strategies, leasing companies can create an attractive environment for young talent and significantly increase the likelihood of retaining them. The combined elements of flexibility, career development opportunities, positive workplace culture, and a sense of purpose are instrumental in attracting and securing the commitment of this emerging workforce.

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