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 and income distribution alpha brisbane daily commute 2016 cars tv social analyst story financial dreams litter NT society trends Hills Shire Council Northern Beaches work from home dare to dream neutral bay educated household young people transport research pack Black Friday Sales 10 years victoria mother's day younger generations skills wages suburb families Gen Z Expert Australian Census cultural diversity Andrew Duffin education research social faux-ciliser Australian Home newspaper apartments World Water Day perth facts collaborative award winner curiosity investor faith woolworths social researcher Valentine’s Day innovative acf15 sun 2017 click keynote speaker Royals technology focus group selfie thought leadership fears optimistic consumerism 2016 census results intern the lucky country work-life sustainable entrepreneur urban development owning a home Australian Population the australian dream mythbusters trends snapshot baby boom school population growth experience sydney hills 23 million Love statistics dream men world youth day suburban living goal tips geomapping mateship program stats train What is food insecurity? REIV National Conference coffee Christmas lunch entrepreneurs of today group gold coast volunteering social enquiry millennials slideshare in the media cost meetings coffee lovers sydney event house prices Financial Planning Week award marriage food visual professional speaker hunger teach water generation Z wolloomooloo supply and demand Australian communities ABS average Australian community ACF 2016 Skilling earning australian cancelling event data visualisation social lives demographics seasons greetings eliane miles organisational culture commute motivate future of education renting financial meals global generations capital city NBRS Architecture digital communities politics personalities state paying to work socialites cartodb ethnography brand experience wage professional easter social impact going out Australian Bureau of Statistics future trend tuesday Territory Caregiver TEDx New South Wales tea education infographics tertiary education VET sector growing population residents publication SA trades communication etiquette car ashley fell mccrindle in the media Real Estate Institute of Victoria cancel plans earnings internship conferences results national wealth average aussie Black Friday Real Estate earn holidays debt language consumer change ultimo anzac house price VET Generation X relational culture land of the middle class outsourcing Do It Yourself trends analyst balance event Sydney’s south west Duchess of Cambridge increasing densification high density living financial future mccrindle identity holiday Wellington engagement Vocational education australian social research millionth lifestyle cloudy days future proof school satisfaction baby boomers Gen Y demographic transformations budget fresh ACF2017 leadership population milestone learn Wodonga friendship parents storytelling baby names report chairty commuting Kiwi screenagers internships generation father's day Christmas Stats growth cooking jobs of the future local community Sydney population shopper's pick repayments Maxim Accounting housing trends brand google for education Australians Netflix research visualisation baby stay home report Bathburst waverton social commentator divorce follow sydney speaker weekly earnings unemployment volunteers innovation Word Up interactive survey tableau gig economy royal priorities Australia Day financial planning donate new office panel Merry Christmas hills millenials dreaming easy rider Hunter Valley learner census results Crime Rates entertainment children sentiments gender sydney market ACT Lower Hunter Region grandparents FOMO bureau donation relevant retirement conference speaker school students volunteer government baby name predictions university degree workforce Births money presentation the average aussie friends renter of the future employmer Australian schools society news economy Christmas day weather year 7 eliane weather Business analysis in depth interviews keynote wedding Christmas season networking online shopping SRE Adelaide australian communities trends report #censusfail sydneycity Australian Communities Trends sunny days christmas 2017 income financial independence home office opening criminal HSC James Ward forecast world list home owner moreton bay christianity suburbs media release Australian community trends Jura Coffee rule keeper future-proof business index Financial Planning Association of Australia investment graphs VIC buildings medicine live the dream Australian demographics not for profit research hopes mobile sports Tuesday Trends overcast NBRS area business performance census Hornsby Shire Council post rationalism digital economy quote christmas aged care Wagga Wagga 2020 communications optus demographic brands organisations engage marrickville community event dessert finance Christmas data national private wealth offenders US breakfast emerging technologies grave decision rental stress English changing face of sydney townhouses entrepreneurial media commentary Channel Seven Charlotte resource travel TED urban living index product screenage celebration research report business cultural diveristy mccrindle tea public transport gig royal family research services Australian Dream economic global ACT Report CPI clothing insights community engagement mentor insight impact wealth distribution city nativity scene sector Cobbitty-Leppington omnibus social change group session google research DIY social researchers investing resilience cold baby names 2016 census hills shire gen z presentations the hills shire Black Friday in Australia Tasmania urban taskforce middle class personal growth marketing Christmas day tattoos rising house prices Work place data analyst poker master office space wealth and income future of shopping hobart summer researcher New Zeland seasons speakers visualisation optus my business awards social trends staff TAS Australian Families house the great screenage not-for-profit McCrindle Keynote Speakers NSW The Daily Edition sector wide future proofing TEDx Speaker professional presenters high density potts point video mccrinlde Mark McCrindle toys typical australian royal influence speaker life happy holidays rise of local commuters crows nest annual income staying in happiness crime divorce rate church FPA pharmacies forecasting names market research infographic wall daily telegraph lalor park 1980 logan volunteering data PSI low density Melbourne Christmas research schools NEETs cost of living sunburnt country forum participants SMART contiki Education Future Forum teleworking Christchurch religion twentyseventeen conference presentation Elderslie-Harrington park EFF Engineering Manager speakers pack Australian Trends giving pyrmont online sydney metro food bank vegemite educhat Northern beaches Event Willowdale sydneysiders pharmacy winter blues learning styles workshop Assistant Store Manager housing affordability focus groups generational trends local DESTEL employmee work states careers housing growth Christmas in Australia capital cities Myth baby name trends social shifts GPO emerging generations salary Northern Territory households employers census fail 2014 Scouts bondi customer shopping centre gen alpha research on coffee micro apartments public holiday growth of sydney tuesday belief non profit affordable huffington post baby name dreams builders census data South Australia affordability mover and shaker average sydneysider CBD career ideas healthy future ease of travel analysis deloitte student Western Australia ACF Northern Beaches Christian School christmas trees real social analysis ashley mckenzie workplace Population Clock who is generation z mccrindle research population map leader employment Social Trend authenticity village environmental scanning parenting australians staying home more System's Architect menai learning global financial crisis WA Sydney urban Sydney Hills Business Chamber christian long weekend the hills emerging trends australian community trends report Aussie public speaker moderators guide Queensland: QLD small business Deaths micro speajer culturally diverse young australians IT Specialists greatness social commentary couple Research Executive The ABC of XYZ faux-cilising new york times property market study Geoff Brailey Canberra REIV Conference mining boom property development housing market safe ferry SMSF aussie culture define faux-cilise blaxland food insecurity property price winter rain equip social media Generation Y goals Australia street Lower Hunter future of work collaboration Queensland Gen X baby names australia report 1975 Sydney keynote speaker Retail public speaking child care survey design cancelling plans generations princess charlotte monarchy challenge cica high density apartments darwin shifts McCridle New Zealand shopping trends of 2017 the changing face of social issues data 2015 2013 narcissism 24,000,000 2012 debate women recap nfp shbc charity wealth australian communities forum Performance Sentiment Index jobs poor local communities environment socialising Aussies Mark McCrindle in the media Mount Annan-Currant Hill domestic Tuesday Trend national crime rates students education future January 26th thrive research data unaffordable purpose qualitative research schools students training youth choice workers ageing royal baby demographic trends sector wide study McCrindle Speakers mythbusting media 24 million infographic hello fresh norwest urban living McCrindle Speaker year 12 NFP event internet ACF17 casual events proactive spend vegetarian megatrends education future report generation alpha responsive high school ipswich not for profit mortgage sydney property market demography census 2016 leadership workshop wealth inequality property February 16 professional development trends of 2016 Channel 7 global retail ageing population education sector marriages Kirsten Brewer Research Director 1968 "know the times" demographer aged care puzzle care support australian real estate showreel travelling communicate JOMO teacher bus energy plans work mates rent Res Vis spirituality workplace culture house price rise media activity office 1994 conference social research family kate middleton living TED talk TDE professional services prince george know the times sydneysider trend university teaching Sydney Lifestyle Study Christmas presents hornsby social life housing cash Financial Planning Association home ownership case study manly australia futurist apartment Jura Australia population charities 40 million youth unemployment wellbeing teachers Macquarie University rich Australia Day 2017 financial fears

Archive