GIOF Annual Meeting • May 19–26, 2022
The Largest Annual Meeting of
 the Global DEI Community

Retention Practices for Millennials Working in Hybrid and Remote Teams

May 26, 2022 4:00 PM CET BUY TICKETS Price: 25 USD

It is imperative that companies go beyond the traditional retention methods - it is not all about bonuses and salaries. Unhappy employees make for a less productive work environment and the product will suffer. In this session, we will explore retention initiatives implemented at Moves, where 74% of the workforce are Millennials, which have led to a turnover of less than 10% in the past 12 months.

There are two main challenges that we face here at Moves when it comes to retention - motivating a young workforce amidst fierce competition and working remotely across Canada.

It is no longer common for an employee to stay at the same company for years on end. Jumping from one company to another is increasingly common practice and this trend is not a reflection on the company and its culture. Whether someone is looking for new challenges, bigger salaries or working with new technologies, it is even more important than ever to retain talent for as long as possible to avoid this natural churn. Here at Moves, 74% of our workforce are between 25-34 and 9% are between the ages of 18-24.

Here at Moves, we have implemented different initiatives to create a culture where people want to stay and feel like their contribution makes a difference in our product and customers. In our presentation, we will share with you a few of those initiatives:
  • Consistent and inclusive communication
  • Encouraging transparency from all angles; including asking employees to be honest with their managers about whether they are thinking of applying elsewhere or getting contacted by recruiters.
  • Regular organised social events
  • Social channels that are purely for getting to know your coworkers better and opportunities for coworkers to share their passions and things they love
  • Celebrating diversity in all its forms including wishing happy holidays for all cultural holy days and removing the phrase "guys" when referring to groups of people.
The duration of the workshop is 1 hour. All the revenue from the workshop will be donated to Ukraine's humanitarian relief efforts.
Sarah Sheikh People and Culture Lead at Moves Financial Inc