LAT: Employers Finding Gen Y-ers Hard to Retain

[DeepModem Mom]

Bringing Gen Y Aboard for the Long Haul
Integrating the roaming 'entitlement generation' into the workplace is often a challenge.
By Michelle Keller, Times Staff Writer
July 10, 2006

For graduating college seniors, the job market is, well, awesome, dude: Hiring is up sharply and corporate competition for the class of 2006 is hot.

But for employers, the real challenge isn't getting the freshly minted grads to sign on. It's getting them to stay....

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Employers and hiring experts say the younger generation no longer approaches the first job as a nest for the next 10 or five or even three years....

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To understand exactly how the Generation Y thinks, some employers are hiring consultants schooled in the ways of those born between 1978 and 2000....Companies are implementing training programs, pairing newbies with seasoned veterans and working on integrating their newest hires in hopes of boosting retention.

Generation Y, the children of baby boomers and Gen-Xers, is often described as the entitlement generation....

http://www.latimes.com/business/la-fi-retain10jul10,0,7383716.story?coll=la-home-headlines

[northzax]

1. of course they have no loyalty

they have learned from watching Gen X and before that companies have no loyalty to employees, so why should employees have any loyalty to companies?

[calico1]

4. Yep. and all the younger Baby Boomers

who are being pushed out at 50 or before after being loyal to a company for years. Why on Earth would they plan to be loyal? The corporations can't figure it out? Duh.

[monarch]

2. Is there that big a job market for 6 yr olds? n/t

[Wickerman]

3. Welcome the the USA

United Sweatshops of America.

[madrchsod]

5. i`ve lost over 5 jobs since my kids were born..

one was because i had a heart attack and they figured i was to old so i was "laided-off". yet now i `m sought after by the temp agencies cause i can pass a drug test and have a good "work ethic"
but no insurance or anything else. i`m now the perfect employee for the new america--cheap and disposable

[calico1]

6. You got that right.

Ain't it great? I was downsized recently. I am in my late 40's. An agency called and gushed over a job they thought was perfect for me. To take it I had to accept a $15,000 cut from my previous job. The woman just couldn't understand why I was not more enthusiastic. After all, isn't it fairly easy to adjust for a $15,000 pay difference?:mad:

[fasttense]

7. With companies cutting retirement benefits and medical coverage

there is no incentive to stay.

[Lasher]

8. Well, tough shit!!

For more than 20 years I had to listen to my employer repeat their slogans that they used to rationalize the gutting of employee benefits: "Today's employee doesn't want to stay with one employer," they said. "Today's employee wants a 401(k) instead of a traditional Defined Benefits Pension," they said. "Today's employee wants cafeteria medical benefits instead of the old medical plan that pays for everything," they said. They were lying.

But employees are now job-hopping because these evil senior executives have robbed everyone except themselves of all incentives to work for the same company for 30 years or so. There is an advantage to job-hopping, BTW; you get employers to bid for your talent. With no reliable long term incentives to stay with the same employer, I would job-hop.

Too bad, so sad, for those greedy corporate executives. If any employee below senior managemant is loyal to their employer, they're just like chickens who support Colonel Sanders.

[AndyTiedye]

9. Every Generation Says Stuff Like This About The One That Follows

[emulatorloo]

10. kick n/t

[bemildred]

11. Shitty jobs and bad management fail to hold young college grads. nt

[alarimer]

12. That should be the real headline

Companies attract good workers when they pay them good wages and offer good benefits. They will extremely loyal then. And there are companies out there like the SAS corporation or Starbucks.