A lesson on investing in developing Millennials
February 27th, 2015
What can one of the biggest global law firms tell us about developing Millennials?
It seems quite a lot. I was at a talk this week given by the Managing Partner of Clifford Chance.
What was apparent is that now is a real time of change for the legal industry – and that law firms are having to challenge how they work for the first time in a long time. And one of those challenges is the people.
Clifford Chance have realised that, unlike in the past, graduates no longer see a job there as a job for life – they have a wealth of opportunities before them and they are much more likely to take their expertise elsewhere after a couple of years. They also don’t see it as a typical 9-5 office based job – they want flexibility and mobility – they want to be working from their laptop sat in a café in Casablanca, and they want to be able to fit work around their home lives.
So what is a company with the reputation of Clifford Chance supposed to do? Surely they can have the pick of the bunch, and they can tell their graduates that it’s their way or the highway?
But, refreshingly, they choose not to. Clifford Chance knows that the way people work is going to change with them or without them, and that the only way to stay afloat is to ride the wave. They therefore ensure that they give their graduate the best experience they can – and as such create an alumni of advocates who will spread the word about what a great company they are.
At Farscape we know that the changes in the way that people want to work are going to have a huge impact on leadership and people development. It’s easy to view the fact that Millennials are now much more likely to jump from job to job as a waste of training budget – but train them well, and you never know who they might have a positive impact on in the future. Equally, give them the best training they’ll ever receive and they might even come back with more experience and expertise to pass on to your business.
By Emma Webb