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A recent report has suggested that in order for businesses to attract and retain millennials, they must take a different approach to what they’re probably used to.

The Jonathon Lee Recruitment research advises that looking at competitive salaries, flexible working and development are the key factors they need to focus on, as well as providing the younger generation with career opportunities rather than a job for life.

For example, millennials are less likely to be interested in pensions and company cars, with a good work-life balance being considered as being more important.

David Woakes, group business development manager at Jonathon Lee Recruitment, commented, “By next year, more than 50 per cent of the workforce will be made up of millennials. This is a socially confident generation with technology at the forefront of their lives. They have grown up with a very different political and economic backdrop to that of Generation X and, as you would expect, their priorities and aspirations are different.

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Give us a call on 01442 795100 or email jaime.thorpe@dolanaccountancy.com

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“Many employers are frustrated that they have spent time and money recruiting Millennials, simply for them to move on every two to three years as a matter of course. But, it seems, this is the nature of millennials’ career progression, and rather than becoming frustrated, employers must address it head on.”

He added, “Millennials are independent, resourceful thinkers as well as innovative problem solvers who demand development. Businesses can retain them if they are shown an exciting career path. They need challenges and mental stimulation as well as the freedom to think laterally, and to come up with new ways to deliver business goals.

“Employers must look at how they can recognise the priorities and preferences of millennials and meet them halfway. It won’t be long before they are reaping the rewards of their innovation, aspiration and rejuvenation.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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