Millennials are changing the face of the workforce in the 21st century and the best companies will learn how to attract and retain their talent.

We might as well accept the reality that Millennials will one day become the biggest part of our workforce, replacing the top spot of the previous Baby Boomers.

This group — those born since 1980 — exhibits a different set of professional values than previous generations.

As they enter the workplace and begin assuming higher-level work, Millennials seem to be less motivated by career advancement and more by personal values and aspirations.

In Forbes magazine, contributing writer Louis Efron warns companies in order to attract and retain the best talent, they will have to face the challenge that millennials present and start thinking radically different to keep survive and thrive:

If you want to attract and retain the best talent, you need to face reality and start thinking radically different. Don’t address the issue by trying to design more interesting jobs. Millennials don’t want jobs. They want lives.

For some time, employers have been keenly aware of engagement and retention issues in their workplaces.

These companies have engagement policies that typically address engagement for the organization under one policy, without differentiation for the generations of employees.

Millennials have a vastly different outlook on what they expect from their employment experience. They generally well educated, skilled in technology, very self-confident, able to multi-task, and have plenty of energy.

They have high expectations for themselves, and prefer to work in teams, rather than as individuals. Millennials seek challenges, yet work life balance is of utmost importance to them. They do, however, realize that their need for social interaction, immediate results in their work, and desire for speedy advancement may be seen as weaknesses by older colleagues.

Efron says the millennials understand the larger picture, leveraged by technology, which means they add value to companies and help them achieve the results they desire.

Efron offered four ways that companies can attract and retain Millenials and reduce low turnover trends.