On Divorce and the Generations
The upcoming publication of Susan Gregory Thomas’ book, “In Spite of Everything: A Memoir,” has prompted several blog posts on the divorce rate of Gen X. Gen X, the generation aged between 30 and 45, is less covered in the media than Baby Boomers and Gen Y. They are the folks working diligently at jobs […]
Gen Y Brand Loyalty
On this blog, we generally refer to Gen Y as having been born between 1981 and 2001. However, Eldeman Consulting defines Gen Y as individuals born between 1980 and 1995, hence the name of their new Millennial consultancy group, 8095. Eldeman wrote a white paper in which they interviewed Gen Y in eight countries, including […]
Young People on the Move – Geographic Consequences for the US
A recent article on AdAdge.com extrapolated US Census data to show that between 2000 and 2009, over 40,000 people moved out of the NorthEast and the MidWest. These were mainly young people, under forty, who moved to the South and West of the United States. The AdAge article points out that this “long-term loss of […]
Gen Y Entrepreneurs
This Huffington Post article (which quotes me toward the end) recently offered a new explanation as to why, as our nation recovers from the recession, more men than women are going back to work. This is especially interesting, since historically, women have fared better in past economic recoveries. The article points out that more women […]
Career Pathing
Have you heard this joke? CEO asks his CFO: “What happens if we invest in our staff training and then they leave?” CFO says: “What if we don’t and they stay?” As any manager knows, it’s crucial to provide professional development for employers. It shows you are committed to investing in their skills. Deloitte research […]
And When Your Talent Does Leave…
Previously, we wrote about how to retain your top young talent. However, the reality is that employees will sometimes leave no matter what, and unfortunately the best people are hard to retain. However, it is absolutely worth staying in touch! If you manage the relationships with your past employees effectively, they are likely to become […]
Tips on Retaining Gen Y Talent
A survey of more than 2,500 senior human resource executives by Novations Group, a global consulting organization, asked: “In your experience, how much time do employers have to “prove” to employees in their 20s that the company is the best place for them?” 51% answered between 1-6 months; 26% answered “less than a month.” The […]
Tips on Attracting Gen Y Talent
The war for recruiting talent has never been more fierce. In fact, a SuccessFactors survey found that 98% of executives and human resource professionals thought the competition for talent was increasing in their industry. Nearly all those polled stated it was more expensive than ever to attract the very best people. Combine this with the […]
Gen Y Feels Empowered by Debt
A new study by Ohio State University shows that young people aged 18-27 feel empowered by their debt. You read correctly – not stressed or depressed, but empowered. In fact, having debt correlated with higher self esteem and feelings of mastery or “control on their lives.” As a lead author of the study, Rachel Dwyer […]
Does Gen Y Respond to a Teaching-Style of Management?
A recent post on the Harvard Business Review blog by Michael Fertik noted “The best managers of younger employees are people who would otherwise love teaching for a living.” Do you agree? We know that Gen Y seek praise and affirmation; they appreciate guidance and mentorship in the workplace. They are perceived as being sensitive […]
