Key Takeaways For People Leaders: Successful Practices To Attract Young Talents

• Inclusive reproductive health benefits alongside traditional health ones
• Regularly seek feedback from young employees to understand their needs and address concerns
• Establish regular virtual consultations, tailor group sessions, and maintain an open-door policy with line managers
• Offer financial planning resources and benefits

In 2024, the job-hopping rate among younger workers remains significant, with about 21% of millennials changing jobs within the past year. This rate is three times higher than that of previous generations.

With 1.2 billion young people aged 15 to 24 representing 16% of the global population, investing in youth is not just a corporate strategy—it's a global imperative. Young people are vital for social change, economic growth, and technological innovation.

Why Focus on Reproductive Health?

Reproductive health benefits aren't just for people wanting to have children. These services encompass various aspects of well-being at different life stages, from regular check-ups early in one's career to fertility treatments in later years, and hormonal support approaching retirement. Offering comprehensive reproductive health coverage sends a clear message: health, future, and personal choices matter.

Visible Impact on Retention

The data highlights an important trend: companies that provide comprehensive benefits to young employees experience significantly higher retention rates. According to the European Commission's Joint Employment Report 2024, companies in the EU that prioritise youth development and comprehensive health benefits see a significant increase in retention rates, with some reporting up to a 25% improvement.

And Productivity…

According to a study by the World Economic Forum, subsidising sexual and reproductive health products and services can increase workplace productivity by 15%. The correlation between reproductive health benefits and corporate loyalty is clear.

Action Strategies for People Leaders

Health and Well-Being Prioritisation

Health is a growing concern among youth globally. To promote work-life balance, develop comprehensive health support systems, including virtual counselling services, stress management workshops, and flexible work arrangements.

Inclusive and Supportive Culture

Ensure diversity and inclusion policies that support young employees from various backgrounds. Regularly seek feedback from young employees to understand their needs and address concerns.‍

Open Communication

Young professionals value clear and consistent communication. To ensure they feel heard and appreciated, establish regular feedback consultations, tailor group sessions, and maintain an open-door policy with line managers.‍

Financial Wellness Support

Many young people are struggling to save for their future. Offer financial planning resources and benefits that address these concerns.

Juniper's Approach

At Juniper, we value and support every stage of life, offering reproductive health benefits and coverage tailored to all ages, including the unique needs of youth. We provide resources and support designed to address the challenges faced at different life stages.

Our sources, if you'd like to read more:

• Governing - “For Younger Workers, Job Hopping is the new Normal"
• United Nations - World Youth Report
• Publications Office of the European Union -”Joint Employment Report 2024 “
• World Economic Forum - “Why companies need to take sexual and reproductive health seriously”

‍Get in touch to find out more

If you're interested to understand how Juniper can help support your workplace, book a call and the team will guide you through!

‍