Articles tagged 'Generational issues'

Recruiting and Staffing, Talent Management

The Millennial Turnover Myth: Why Young Talent Really Decides to Leave

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My company is obsessed with Millennials, and for good reason.

The traditional old guard of global industry is rapidly changing – and the youngest ranges of the workforce are primarily responsible for the disruption.

With the average lifespan of an S&P 500 company down to 15 years, we are all actively investing resources to attract a new generation of talent that will keep our companies viable. Read more…

Talent Management

Millennials Show That a Lack of Desire Doesn’t Mean Disengagement

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It goes without saying that several people are currently working at jobs they don’t like, but that may not be as big of a deal-breaker as it once was.

By 2020, Millennials will make up close to half (46 percent) of the workforce according to the Young Entrepreneur Council, and they’ve already shown that they won’t let their careers define who they are.

Quite the contrary — they are more likely to stay in a job that’s not ideal, if it enables their personal pursuits. Read more…

Culture, Talent Management

Creativity Out of Chaos: Millennials Thrive in an Open Work Culture

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Investing in the success of Millennials isn’t a request or a dilapidated plea to appease the emerging workforce anymore.

Millennials are a critical  part of the current workforce, and 30 percent of high-growth companies say the young professionals even have leadership positions in their organizations.

In order to recruit the best of the best, and furthermore retain the best of the best, organizations have to cater to the developmental and professional needs of Gen Y employees. Read more…

Talent Management

Throwing a Lifeline to Millennial Employees Drowning in Student Debt

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The average student debt of a college-educated Millennial in the U.S. workforce is nearly $30,000.

As a result, these workers are turning to their employers for much-needed financial guidance and assistance in reducing their debt.

Here are six strategies you can share to help your own workers eradicate their student loans — and, in the process, make your organization much more attractive, especially to younger generations of the workforce. Read more…

Global HR, HR News & Trends

Studies Show the Shaky Educational Foundation of Our Gen Y Workforce

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It’s the definition of a counter-intuitive statement: The Millennial generation has attained the highest levels of education of any previous American generation, yet on average demonstrates weak skills in literacy, numeracy, and problem solving in technology-rich environments compared to their international peers.

This is a tough realization to stomach for a number of reasons.

Not only is it disheartening to hear, and confusing considering the exorbitant and rising costs of education in the U.S., but Millennials are estimated to make up 50 percent of the employee population by 2020 and will shape the economic, political and social landscape for years to come (so their skills are important, to say the least). Read more…

Classic TLNT

Think We Have Skills Shortages Now? Just Wait Until We Get to 2020

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Editor’s Note: Readers sometimes ask about past TLNT articles, so every Friday we republish a Classic TLNT post.

Skills shortages in 2020 will rise to an entirely new level.

And I’m not talking about STEM skills, although they’re critical. Or the ability to speak multiple languages, which needs to be more common in the U.S. Or even the readiness of college graduates to take a place in the economy, which a majority of employers report is lacking.

I’m talking about the skills that the globally-connected, superstructured, computationally focused, smart-machine powered organizations of the future staffed by longer living and working, new media-using employees will require. Read more…

HR Insights, HR Management

Dear HR Leader: It’s Time to Pass the Baton to a New Generation

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It first hit me about 8 months ago at a SHRM Thought Leaders retreat in San Diego with 125 senior HR leaders (mostly CHRO’s and heads of function) and academics in a breakout room discussing leadership and specifically managing Gen Y employees.

There were several comments about work ethic and opinions tossed about the room. Then I raised my hand and spoke up.

I said, “How can a room full of 40 and 50 somethings pass judgement on what is needed for the next generation without their contribution?” There were no heads of HR under the age of 33 in the room. Read more…

Talent Management

What Shelter Dogs Taught Me about Employee Engagement

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One day while volunteering at the animal shelter, my interactions with two of the dogs — Mia and Harper — reminded me of a fundamental truth about employee engagement.

It’s a truth that frequently gets ignored, and because of that, most employees are not nearly as productive or as engaged as they could be.

Mia was a high-spirited pit bull mix who needed some polishing up of her walking-on-a-leash-without-chomping-down-on-the-leash-and-dragging-me-around skills. Whenever she walked without grabbing the leash and pulling, I would praise her enthusiastically. Read more…

Talent Management

It’s High Time We Stopped Generalizing About Millennials

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Think about three or four co-workers that are the same general age as you are.

Do all of you have the same points of view? Do all of you behave the same way?

Of course not. And yet, every day we are bombarded with articles that make broad generalizations about workers based on the year they were born. There is no more targeted group for these articles than the Millennial generation. Read more…

Talent Management, Training & Development

Training Millennials: The Trick Is Knowing How They View Leadership

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Entry-level training programs for Millennials up to this point have neared perfection.

However, HR professionals now have another development conundrum: How do we train Generation Y for leadership?

In order to establish a leadership profile for the up-and-coming professionals, it is essential to understand the generation first. More importantly, you have to understand how they view leadership and what their role as leaders might look like. Read more…