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07-03

Best Practices for Retaining Gen Yers
Linda Gravett, Ph.D., SPHR

 


In our research for our newly-released book, Bridging the Generation Gap, Robin Throckmorton and I discovered a pattern across Gen Yers when it comes to factors that enhance retention. The average length of time Gen Yers stay at an organization is only 18 months! If you want to beat those odds, here are the top five factors that compel the Yers we interviewed to stay:

  • Provide Intrapreneurship Opportunities
    Establish the “space” for risk-taking and innovation
    Establish frequent feedback mechanisms (several times a week)

  • Create Opportunities for Work-Life Balance
    Telecommuting
    Flexible Hours
    Concierge Services
    Job Sharing

  • Mentoring
    Not to be confused with “hovering”
    Career guidance and industry guidance from those who have “been there and done that”

  • Tailored Rewards and Recognition
    Cash is always a winner
    The newest technology “toys”
    Flex Benefits

  • Value Their Contributions
    Provide meaningful assignments
    Let them “shadow” other functions
    Allow job rotation and lateral moves

If you’d like to order Bridging the Generation Gap, go to our home page and click on Dr. Gravett’s New Book or visit amazon.com or Barnes & Noble.

 

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