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Companies face a greater challenge in hiring and retaining Generation Y (born between 1978 and 1994) management recruits. Globalization, technological innovation and health awareness are just a few factors that influence the moral fiber of new young managers today.
One source that validates these findings, based on statistical analysis, was made by Dr. Alison Macleod in a 2008 report titled: “Generation Y: Unlocking the talent of young managers” for the Chartered Management Institute. Job-related behavioral traits and characteristics that distinguish today’s new young managers from other generations include:
One value that practically all (97%) Gen Y managers share regarding work is a job’s capacity to provide
training for transferable skills. In a global economic environment, more companies increasingly overlook management maturity in exchange for expertise in a technological skill set. These are usually high technology fields, such as programming or web design, where the young are proficient. Young managers know this and are simply adapting to the prevailing work environment.
Developing new skills and
a challenging environment replace stability and job security as top considerations for
cubs #8 jersey a new position. However, prospects for career advancement is a common factor for both X and ?Y generations. A related trend is increased willingness to do work outside the office, with half of all young managers actually practicing this ethic.
Increasing use of social networking as a participatory experience, not just for personal contacts, but for professional growth as well. Two thirds of all Gen Y managers use social networking. Facebook is the leading site with nearly three-fourths of young managers under 25 using it. This is not surprising considering that its founder, Mark Zuckerberg is just 25 himself. More compelling evidence is presented by LinkedIn, the fourth most popular networking site (according to www.ebizmba.com), which is specifically designed for professional and business contacts, and posts career advancement as one of its main goals. Informal e-learning platforms such as www.whatdoyouwantfromthem.com offer resources that young managers can use to develop self-improvement methods.
Growing up in a world where climate change, health, preservation of endangered species, and other environmental issues are top news stories
cubs #8 jersey instilled
strong values in this generation. These
cubs #8 jersey values are upheld by 90% of new young managers who believe the company they will one day work for should be involved in an activity that furthers their cause(s).
Current catchwords such as diversity, borderless boundaries, and seamless assimilation also describe Generation Y. And yet, it’s not so much that they are different from older generations, it’s just that they have a lot more options available ? and they are willing to exercise them. Organizations that recognize this trend and are prepared to adjust their management training and development accordingly, are in the best position to recruit and retain these new young managers.