A company's employees have always been a key asset. HR is trying hard to reduce the attrition. Retention is always been a challenge of corporate, but in particular retention of young employees is foremost topic of conversation in HR meets. Fresh blood as well as experience hands is the need for today’s corporate world.
It has been observed that the rate of job hoping is extremely high in Gen.Y . Baby boomers find Gen Y seem to operating under the weird rallying cry of: More money! Less responsibility! Shorter hours! No stress! More freedom! But this might be true with few. Gen Y should not be perceived in such a terrible way.
The picture or the expectations of Gen Y might be different than Gen X thought of. After probing with young force they mention and cry about some other reasons than money and freedom. Gen Y gives high rating for recognition and responsibilities. They are unable to break through old buddies circle. Just because their hair is not white; seniors are not providing them the exigent role or responsibilities. New generation is much more competent and has high aspiration. If company is unable to provide this to them they look for new jobs and try to satisfy their passion and aspiration. Many a time they come across a situation where age pays better than a performance. What else can be expected from them than looking for a new job?
Gen X needs to be more accommodating as well as educative. They can show guideline and empower young force to take their decisions as well as to experiment. Break the group of oldies and let young people enter in your group they are waiting and ready to give their best.
There are some perceptions about young minds which need to be changed. Organizations need to take a call on do they want loyal people with less performance or start performers who wish to stay with them for a longer period?
The ideal team needs to have a combo of young and experienced members. Where there are risk takers and innovators but at the same time there are practiced people to calculate that risk. Otherwise organizations will loose budding talent while taking care old buddies.
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