ThinkstockPhotos-450509611Millennials are the largest, most diverse, most educated and most connected generation of all time and that’s why companies have to pay attention to them in a big way.

Here are the TOP 5 THINGS EMPLOYERS MUST KNOW ABOUT MILLENNIALS in order to attract, retain and engage this generation.

1. Flexible Work Arrangements

Millennials want to work smarter not harder.  Flexibility with work schedules is important to millennials so that they achieve a work life balance.

2. Transparent Culture That Is Inspiring And Engaging

Millennials place a high value on transparency and respond well to authentic leaders.  They want a culture where strengths are valued, voices given and stories are shared.

3. Collaborative work culture

Millennials where raised to share, it is embedded in their DNA.  Having a collaborative work culture rather than a competitive one is required to engage this generation.  They seek coaches not managers.

4. Trust & Empowerment

Millennials want to explore new ideas and challenges to keep themselves motivated.  Provide a platform for their distinct skills in order to keep them engaged and become better producers.

5. Meaningful Work

Millennials are suckers for significance.  They want a higher purpose to make the world a better place.  They want to know that their personal contribution makes an impact.  They expect more assurances that companies care about their consumers, employees and the shaping of the world.