As the nation's workforce trends younger and younger, asset management companies are joining other industries in trying to think outside the box toward attracting the next generation of fund managers, managing directors and other key employees.

With millennnials making up 36% of the nation's workforce, according to U.S. Bureau of Labor Statistics, setting up incentives that go beyond just traditional salary will become increasingly important for hiring managers, says Tom McMullen, rewards practice leader at global consulting firm Hay Group. McMullen says an increasing number of companies are detailing the entire reward package with prospective hires in addition to compensation.

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