Managing Generation Y: Top 5 Attraction and Retention Factors [RESOURCE]

Thursday, March 21, 2013

Managing Gen YTo attract and retain Gen Y in this high-turnover era we must meet their top 5 workplace needs. This comes straight from our research of Australian Gen Y workers and in order of importance they look for:


1. Work/Life Balance


For Generation Y their job matters however it is not their life – but rather it provides funds that fuel their life. In addition to their job they may also be juggling study, friends, family, sport, other work and community involvements. So when it comes to their work schedule and overtime think: flexibility.

Remember: if there’s a clash in the work-life balance, life wins!


2. Workplace Culture


This has to do with the relationships with others at work. For Generation Y social connection with peers is one of the top retention factors. Not all of them have support from home so they are looking for a place to belong.

Remember: they want community, not a workplace. Friends not just colleagues.


3. Varied Job Role


Gen Y like change - it’s all they’ve ever known. So offer variety in their job description and combine it with responsibility and promotions where possible.

Remember: Many quit jobs not because there is a compelling reason to leave, but because there is no compelling reason to stay.


4. Management Style


The ideal supervisor is one who values communication not just authority. One who leads by example and involvement and not just by command and control. Gen Y’s are just beginning their careers so offer support, mentoring, positive feedback and public recognition.

As John Maxwell says “If you’re leading, and no one’s following – then you’re just out for a walk”.


5. Training


Generation Y know that in the 21st Century it is essential to keep their skills up to date. In fact 90% of Generation Y’s who receive regular training from their employer are motivated to stay with their employer.

So today training is more than a tool for productivity – it is a tool for retention.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

wealth distribution learner REIV Conference sun moderators guide Tasmania easter mccrindle research Northern Territory teach Andrew Duffin internships future of education father's day the hills brand FOMO social media Valentine’s Day house social analysis goal house price urban taskforce news bus NT manly optimistic ageing mother's day rising house prices not-for-profit communication socialising the average aussie jobs of the future language national wealth 2014 in depth interviews Adelaide list intern not for profit neutral bay group session sector wide staff census results sydney event vegemite state students culture families pharmacy experience gold coast collaborative living Mark McCrindle builders ABS professional participants cash define thrive baby hopes royal hornsby Sydney keynote speaker entrepreneur FPA wolloomooloo school students world youth day ashley mckenzie conferences The Daily Edition dessert Work place owning a home wealth DIY Australian Bureau of Statistics train brisbane dream princess charlotte gen z weather Northern beaches Event Love media commentary sunburnt country learn population survey design youth unemployment home ownership program omnibus Births shifts income post rationalism Wodonga hobart housing christmas family divorce researcher visual community cancelling event panel cancel plans trend tuesday poker master 23 million Netflix Duchess of Cambridge insight Generation X media staying in volunteers area society trends professional services australia Tuesday Trend snapshot relational apartment EFF schools students Queensland: QLD workplace generational trends entertainment tea curiosity SA 2015 australian communities forum gen alpha research pack future proofing stats summer resilience Christchurch research services Deaths education crows nest trends analyst shopping dreaming names greatness religion Merry Christmas criminal social renter of the future census 2016 publication case study social enquiry Vocational education middle class holidays increasing densification safe community event huffington post change January 26th townhouses REIV National Conference schools debt ultimo professional speaker office 2020 grave decision teachers affordability McCrindle Speakers social shifts Hills Shire Council wellbeing generation mccrindle in the media fresh 24,000,000 poor Northern Beaches Christian School home owner know the times SMSF challenge wages moreton bay employment tableau leader 2017 business Christmas presents earnings rich Education Future Forum professional development buildings demographic trends System's Architect aged care puzzle Australian Trends entrepreneurial HSC overcast Gen Y organisational culture sector wide study education future brand experience twentyseventeen global generations woolworths baby name predictions leadership workshop suburb budget student local communities litter faux-cilise wealth and income distribution Res Vis JOMO Social Trend society "know the times" commute aged care going out 2016 census results sustainable office space entrepreneurs of today rise of local tv year 7 Australian demographics waverton menai Territory trends of 2017 mythbusters educated christianity clothing housing market Australian Census coffee divorce rate millennials proactive social lives ACF award winner average aussie daily commute mining boom ease of travel winter baby name trends Australian communities 24 million English Channel Seven motivate plans long weekend royal baby follow Engineering Manager marriages Australian Dream seasons trades property price New Zeland rule keeper sector market research NSW Canberra residents baby names report travelling goals university blaxland growing population politics VIC communications focus group renting royal influence survey data visualisation baby boomers workplace culture community engagement parents narcissism housing affordability optus 1980 futurist personalities crime workforce youth mythbusting facts christian 40 million suburbs mateship visualisation baby name social research year 12 infographic wall affordable Assistant Store Manager capital cities demographics investing environment village financial dreams demographic resource future men social life eliane miles research population milestone business index cars meals slideshare alpha school satisfaction local holiday education sector faux-ciliser workshop high density consumerism sydney speaker skills charity rental stress property market millenials socialites financial fears investment Northern Beaches salary customer 2012 1968 internet research data healthy future fears newspaper child care Real Estate Institute of Victoria growth trend Gen X shopper's pick engage Australian Communities Trends financial future focus groups GPO NBRS Architecture Sydney Hills Business Chamber The ABC of XYZ ageing population New South Wales marketing geomapping households friends sydneysiders public holiday Australians sports sydney metro brands leadership life presentation Australia Day 2017 ferry 2016 census capital city in the media australian social research collaboration nfp 2013 ashley fell keynote speaker baby names australia report tuesday earn debate career bureau transport tattoos house price rise small business forum research report happiness travel anzac sydneycity analysis February 16 media activity communities learning aussie culture stay home consumer Research Executive google for education lalor park mccrindle megatrends educhat TAS commuters bondi social issues shbc identity keynote responsive organisations faith online shopping repayments monarchy low density 1994 mccrindle tea cultural diversity Macquarie University jobs generation Z urban living index housing growth Kiwi New Zealand trends of 2016 public speaking employers wage Skilling thought leadership 2016 school population growth land of the middle class perth forecasting relevant Queensland emerging generations housing trends government Royals future of work parenting award cancelling plans spend friendship mentor Channel 7 contiki meetings VET the hills shire world norwest spirituality environmental scanning Crime Rates quote mover and shaker global wedding royal family personal growth pyrmont australian communities trends report marrickville etiquette global financial crisis future-proof australians staying home more baby names cartodb product young australians education research Myth innovation cost of living grandparents click learning styles urban living celebration investor group mobile food qualitative research graphs marriage WA changing face of sydney earning social impact PSI ethnography offenders speakers Charlotte conference water economy population map teleworking work mates Do It Yourself daily telegraph networking new office demographic transformations online energy non profit high school domestic report communicate national crime rates emerging technologies faux-cilising acf15 cloudy days study breakfast office opening millionth Sydney cost medicine technology social researcher dare to dream easy rider generations sunny days South Australia Real Estate digital Financial Planning Association conference speaker tips weekly earnings training Western Australia winter blues recap events eliane media release Tuesday Trends #censusfail finance CBD children household cooking Bathburst Financial Planning Association of Australia work-life Hornsby Shire Council statistics rain work 1975 victoria baby boom Australian Families VET sector urban church logan social researchers storytelling Australian schools cold innovative the australian dream IT Specialists hills shire generation alpha supply and demand census typical australian car Population Clock financial Australian Population internship tertiary education research visualisation potts point Wellington social commentator conference presentation selfie Geoff Brailey google the changing face of ACT social change infographic young people engagement property Caregiver census fail insights annual income interactive 10 years trends social trends careers NBRS Scouts university degree James Ward home hello fresh SMART Aussie economic belief states emerging trends Wagga Wagga equip Kirsten Brewer data gender pharmacies public speaker rent mortgage Australian Home teaching new york times sydney hills presentations World Water Day TDE ipswich lifestyle Word Up story city national private wealth Generation Y data analyst teacher paying to work video Melbourne Financial Planning Week deloitte Australia Day financial independence future proof event outsourcing Christmas lunch wealth and income balance DESTEL NEETs business performance kate middleton Christmas season optus my business awards house prices toys social commentary sentiments culturally diverse priorities unemployment retirement ACF 2016 high density apartments vegetarian forecast women real ideas results prince george suburban living demographer education future report unaffordable high density living Aussies couple darwin authenticity

Archive