By Alison Hanby, Business Wire
Company reputation is key when trying to attract Millennial interest in your brand.
Millennials are now the largest, most diverse generation in the U.S., and when it comes to supporting corporations, they pay attention to the transparency, authenticity, and reputation of the companies and brands they associate with.
As Millennials rise in the workforce and obtain greater buying power, they look for like-minded companies to partner with. Are you making it easy for them to choose your organization?
Here are 6 ways companies of all sizes can capture Millennial attention through Corporate Social Responsibility:
- Promote Corporate Social Responsibility (CSR) – What is CSR? CSR encompasses how a company contributes to society and protects the environment; a company’s stewardship and transparency; and even how a company improves quality of life for their employees and the community they serve. Your company’s CSR program sends an important message to stakeholders and impacts consumer behavior, investor behavior and a company’s perceived value in the marketplace.
- Define Your Organization’s Purpose – Of course the top goal of most organizations is revenue, but that is not the same as your organization’s purpose. Today’s companies need to find a way to connect with these audiences. For your first step in promoting your CSR programming you should start by showcasing the impact your business will have on the lives and welfare of those you serve. A clearly defined company purpose will encourage brand loyalty and promote authenticity, as well as attract and retain employees.
In a recent Rutgers University Study approximately 40% of Millennials interviewed noted it was “very important” to them to have a job where “they can make an impact on causes or issues that are important.” Define your purpose and shout it from the rooftops. Weave it into your news releases, brand content, website and more.
- Be Local – When looking to build your own CSR program, start by looking in your own backyard! Participation in your local community allows you to make smaller contributions that create big results. Stories of your authentic local participation will spread and word of mouth accolades will positively impact your company reputation, attracting Millennial consumers and employees, while balancing consideration for the shareholder.
- Be global – The next step in a strong CSR program is to showcase the impact of your company and organization’s CSR promise on the world. Take a minute to define how your company decisions are bettering the world at large.
- Promote Your Good Works! – Once you have defined your CSR programming, the next step is to promote it widely. Many companies not only designate a specific section of their online newsrooms to highlighting their CSR efforts, they utilize news releases to promote and amplify their good works and the impact they are generating on the world at large.
Leverage all the tools at your disposal to promote your good works. Company websites, social media and news releases are a perfect way to tout your corporate environment or your community involvement. Millennials are tech-savvy multitaskers switching from computer to tablet to smart phone in the blink of an eye, so why not launch an informative attack from all fronts?
- Involve your Millennial employees
and give them the opportunity to lead, or at least inform your efforts. Your reputation depends on it. By embracing this new generation of employees and understanding how they think and behave, you will attract the Millennial customers and successfully grow your business.
One suggestion is to offer a millennial employee the opportunity to take the reins on one of your social media pages for a week. The freedom and responsibility to express your company’s purpose will increase loyalty, empower, and involve. It will help to cultivate your cause as well as contribute to that employee’s sense of connection to your purpose. He/she may even share on a personal page, immediately amplifying your message and brand.
Today’s Millennials have access to more information and resources than ever before. When they search for good works, is your company information going to visible? Take the time to build your CSR program, to not only increase interest in your business, but to attract the buyers of the future.