As younger employees enter the workforce, employers should begin to find ways to meet the demands for flexible working hours favored by these Gen Y-ers. Employers need to focus on the quality of the tasks completed as opposed to the number of hours worked – set goals for their employees and base their performance on whether or not those goals are reached.
Are we in fact promoting inefficiency by requiring that all employees work a standard set of hours every week?
For many Gen X and Boomer managers, Millennials – which will soon represent 46% of the US workforce – have become the mystery generation.
This terrific infographic produced the Kenan-Flagler School of Business at the University of North Carolina and the Young Entrepreneur Council provides terrific insight into the Millennial mind – and how best to manage and retain our young talent…
Every company wants the new generation of innovative and vibrant talent, but few companies have figured out how to successfully retain the “rockstars” who can help catapult their company or team to the next level.
Retaining phenomenal talent has always been difficult, but doing so with this demographic poses new challenges: salary and title are no longer enough, because Gen Y has a completely different barometer of success and happiness.
What is really happening, and how can we utilize the tools that a number of budding startups are creating to solve some of these issues?