Meet the Millenial Generation: they like to party, they avoid commitment, and they don’t mind quitting their jobs despite the $10 000 investment you just made to hire them. And you thought Generation X was bad!
This new generation of workers covers late teens and twenty-somethings, and these curious go-getters are spending more time “finding themselves” than any past generation, delaying post-secondary education, entering the workforce later, and starting families years later than their baby boomer parents.
Millenials, AKA Generation Y-ers, excel at delaying the inevitable in order to make the most of youth. This “extended adolescence” may come in the form of travel, working to save up cash, or milking off of Mom and Dad for as long as possible before stepping into the real world. They have an excellent understanding of Work Life Balance, and they are weighing in on the ‘life’ side. Known for leaving HR Staff high and dry, there are some positives to hiring from this prospect cesspool.
Employers must break through the pierced and tattooed shell in order to find the good-natured, spirited chocolately centre. Gen Y-ers websmart, with a lot of energy and oodles of optimism. This generation has the formation to do great things in the work world – when they finally get around to entering it. This is the generation that is demanding better working conditions, but isn’t motivated by overtime and cash incentives.
Older siblings from Generation X, once known as the money-hungry, disenchanted spawn of the baby boomers, are now attractive candidates compared to the Millenials. Generation X was, after all, at the forefront of the growth of the Internet, and has experienced the sensation of being over-educated and under-employed.
From the human resources perspective, Gen X may now be considered the dream come true. They’re motivated by money, they have a desire (or better stated, a need) to work, with bonus points for not taking employment for granted. Millenials, on the other hand, are motivated by change, improved working conditions, and workplace satisfaction.
According to Carol Hacker, human resource expert, HR managers will need to focus less on how entry-level employees are hired, and more on how they’re retained. While HR Managers may be tempted to avoid hiring Millenials altogether, keep in mind that there are almost twice as many Generation Y-ers compared to their X-Gen predecessors.
As Generation Y waves goodbye to workplace commitment, consider rewarding new hires with a free iPod for signing the contract. That seems to do the trick these days!
This new generation of workers covers late teens and twenty-somethings, and these curious go-getters are spending more time “finding themselves” than any past generation, delaying post-secondary education, entering the workforce later, and starting families years later than their baby boomer parents.
Millenials, AKA Generation Y-ers, excel at delaying the inevitable in order to make the most of youth. This “extended adolescence” may come in the form of travel, working to save up cash, or milking off of Mom and Dad for as long as possible before stepping into the real world. They have an excellent understanding of Work Life Balance, and they are weighing in on the ‘life’ side. Known for leaving HR Staff high and dry, there are some positives to hiring from this prospect cesspool.
Employers must break through the pierced and tattooed shell in order to find the good-natured, spirited chocolately centre. Gen Y-ers websmart, with a lot of energy and oodles of optimism. This generation has the formation to do great things in the work world – when they finally get around to entering it. This is the generation that is demanding better working conditions, but isn’t motivated by overtime and cash incentives.
Older siblings from Generation X, once known as the money-hungry, disenchanted spawn of the baby boomers, are now attractive candidates compared to the Millenials. Generation X was, after all, at the forefront of the growth of the Internet, and has experienced the sensation of being over-educated and under-employed.
From the human resources perspective, Gen X may now be considered the dream come true. They’re motivated by money, they have a desire (or better stated, a need) to work, with bonus points for not taking employment for granted. Millenials, on the other hand, are motivated by change, improved working conditions, and workplace satisfaction.
According to Carol Hacker, human resource expert, HR managers will need to focus less on how entry-level employees are hired, and more on how they’re retained. While HR Managers may be tempted to avoid hiring Millenials altogether, keep in mind that there are almost twice as many Generation Y-ers compared to their X-Gen predecessors.
As Generation Y waves goodbye to workplace commitment, consider rewarding new hires with a free iPod for signing the contract. That seems to do the trick these days!
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