Retaining and developing the best Generation Y employees: Members' Seminar
30 November 2007, 10.00-12.00pm , Ernst & Young, London
There has been a lot of interest from employers lately about what they need to do to attract and recruit so-called Generation Y (or "millennial") graduates. This is on account of a growing understanding that young people today have different attitudes, perceptions and needs within their lives and especially of their employment.
CRAC has long had an interest in the career development of people at work. This year it has run a research study looking at young graduates already in the workplace. Focusing on those a few years into their working life, the study looks at how they are getting on, what they are thinking about their future career development, and what they think of their employer's support for them. From the organisation's point of view, these issues are closely related to questions of how they as employers can retain talent and develop their best staff. The participating employers reveal what they think of these recent graduates and also their own perceptions of how well they think they are supporting them.
30 November 2007, 10.00-12.00pm , Ernst & Young, London
There has been a lot of interest from employers lately about what they need to do to attract and recruit so-called Generation Y (or "millennial") graduates. This is on account of a growing understanding that young people today have different attitudes, perceptions and needs within their lives and especially of their employment.
CRAC has long had an interest in the career development of people at work. This year it has run a research study looking at young graduates already in the workplace. Focusing on those a few years into their working life, the study looks at how they are getting on, what they are thinking about their future career development, and what they think of their employer's support for them. From the organisation's point of view, these issues are closely related to questions of how they as employers can retain talent and develop their best staff. The participating employers reveal what they think of these recent graduates and also their own perceptions of how well they think they are supporting them.
Our very successful seminar opened with Duncan O'Leary, a Researcher at DEMOS and author of its highly regarded report 'Working progress: How to reconnect young people and organisations'. This report has highlighted a potentially damaging disconnection between young people and organisations, between the training of today and the workplaces of tomorrow, and between the changing values of young people and the organisational cultures that they encounter. These changes mean new challenges for employees and new questions for employers, as they struggle to find ways to motivate and support a generation of young people with higher debt, different values and more demanding jobs than ever before.
Robin Mellors-Bourne then launched the results from CRAC's new research study. Based on results from both the employees and their employers, he will draw initial conclusions and implications for employers who wish to optimise their policies and activities in retention and staff development by better alignment with the evolving needs of their workforce.
