Be it gradually or all at once, the Baby Boom generation will eventually exit the workforce. The challenges inherent to this inevitability are tremendous. Between 1946 and 1964 over 76 million babies were born in the U.S. Those very people now carry with them decades of skills and experience. Their exit will leave the public sector with a knowledge gap never before experienced in modern times.
This void needs to be filled.
Which is where millennials come in. They may lack the past skills and experience of their predecessors but with them they bring their own sets of skills as well as a willingness to learn.
But it may not necessarily be the case that the population of young people in your city or town is significant. Coming out of college, millennials take a job’s location into account in a major way.
To attract millennials consider your city’s public transportation. Millennials tend to prefer riding public transit (or bicycles) over driving in cars. Tied into this, young people also prefer housing closer to the city as opposed to dealing with a commute. This generation also enjoys an active nightlife, ranging from bars to clubs to concert halls and more. Further coinciding with this idea of easily accessible transportation, millennials need to know they can get home safely when it’s time to call it a night.
Building the infrastructure for such transportation is no simple task. It takes significant amounts of money and time spent planning. To compound these complications, as it stands, budgets in the public sector are not expanding. More often than not, it is the opposite.
While budgets grow increasingly tighter, accurate budgeting becomes an essential best practice. This is where utilizing data during the course of the budgeting process can go a long ways in saving money and consequently time. RSMeans provides such accurate, location specific data, regularly updated to help alleviate the necessity of cost overruns due to bloated and inaccurate estimates.
View the webinar “Do More with Less (Really!): Overcoming 3 Common Challenges in Local Government” and learn more about “brain drain” and attracting millennials to the public sector.