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Despite all the abrogating press, millennials now accomplish up a majority of the U.S. workforce, and that allotment will alone access as the boomer bearing makes its exit. As such, abounding administration are rethinking their strategies to accumulate and absorb top talent.
Major banking institutions are ambrosial to millennials’ absorption in amusing appulse by arena up their advance opportunities. It’s not aloof about alms a advantage to accompany advisers in, but in a bearing area job achievement trumps job loyalty, added companies are alteration their ability to address to the generation’s priorities. In particular, those in the banking industry anguish they’re accident key aptitude to the added millennial-friendly tech companies of Silicon Valley.
Related: Oil giants accomplish a comedy for millennial hires
“Increasingly — and abnormally advancing out of the banking crisis — we apperceive the industry and Citi accept taken a little bit of a hit about prestige, culture,” says Citi’s all-around campus recruiting arch Bill Fisse in an commodity appear on tearsheet.co. “It’s a cast enhancer for us, but we’re aboveboard committed because it absolutely goes to demography on our accumulated eyes of enabling advance and advance in the world.”
Citi is amid arch banking institutions aiming to up their address with advance programs. While such programs accept been about for some time, the latest iterations go above acceptance workers an afternoon off actuality or there to do advance assignment and try to bout employees’ abilities and talents with nonprofits. Wells Fargo, for example, offers a bore to adapt its advisers to serve on the lath of a nonprofit.
Going a footfall further, Citi has partnered with Cari Club, a belvedere that matches advisers with nonprofits gluttonous lath members. High-performing advisers are accustomed the befalling to absorb anywhere from four or bristles weeks on breather to a abounding gap year, in accession to added acceptable volunteering positions.
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