By 2015, millennials will make up 36% of the American workforce. They are more mobile than previous generations; they want greater choice on how and where they work. They feel comfortable with technology and they’re used to being connected and collaborating all the time.
Video conferencing is one of the best technologies HR can use right away to attract, retain, and develop millennial employees. Once seen as a nice-to-have, video conferencing for business use has come a long way. It’s no longer just a big, expensive system in a large conference room where you need IT’s help to get it to work, nor is it relegating to consumer-grade video chat, bypassing IT. For businesses that use the right video conferencing solution as part of their overall communication tools, they see an immediate business impact.
Attract talent. 78% of millennials state that they are strongly influenced by how innovative a company is when considering employers. (Deloitte University Press)
- Shorten time to hire. Using video delivers 35% greater year-over-year improvement in time to hire. (Aberdeen)
- Reduce cost per hire. Video conferencing provides a 32% greater reduction in cost per hire. (Aberdeen)
- Accelerate decision-making. 58% of video-conferencing users report that it helps them accelerate decision-making. That increases to 100% among those who consider themselves extensive video-conferencing users. (Frost & Sullivan)
- Improve employee engagement. 87% of remote users feel more connected to their teams and business processes when using video-conferencing. (Gigaom)
- Increase employee productivity. Companies that have used video in training increase employee productivity by 4% while reducing voluntary turnover by an average of 7.7% over 12 months. (Aberdeen)
