MENLO PARK, Calif., Nov. 12 /PRNewswire/ -- Baby boomers and Generation
Y (broadly defined as those born between 1979 and 1999) may have less of a
generation gap than one might assume. New research from Robert Half
International and Yahoo! HotJobs reveals that Millennials share many of the
same concerns as more tenured workers when it comes to saving for
retirement, finding a solid healthcare plan and achieving work-life
balance. However, Millennials aren't concerned only with the benefits their
employers provide. They also expect a lot from their company leaders and
look to them as partners in success and job satisfaction.
In a just-released guide, What Millennial Workers Want: How to Attract
and Retain Gen Y Employees, Robert Half International and Yahoo! HotJobs
examine the professional priorities of the most senior members of
Generation Y - those who have already started a career or will soon start
one. More than 1,000 adults ages 21 to 28 were polled for the project.
"The research depicts a pragmatic, future-oriented generation that
holds many of the same values as its predecessors," said Reesa Staten,
senior vice president and director of workplace research for Robert Half
International. "Yet, certain distinctive qualities, such as a desire for
very frequent feedback from their managers, are unique to this generation.
Generation Y expects a lot of its leaders. Making sure supervisors of Gen Y
professionals have supportive management styles can go a long way in
attracting and retaining these workers, who will play a greater role in
organizations as more baby boomers retire."
Big expectations of company leaders
Survey respondents rated working with a boss they respect and can learn
from as the most important aspect of their work environment, ahead of
having a nice office space, a short commute or working for a socially
responsible company. Those surveyed also indicated that they expect more
"face time" from their supervisors than a weekly status meeting. The
majority of Gen Yers (60 percent) want to hear from their managers at least
once a day.
Redefining a successful future
Most survey respondents appeared optimistic about the future, but this
isn't a group whose idealism overshadows practical concerns, according to
the study. When evaluating job opportunities, for example, the research
shows that salary, benefits and room for professional growth are top
concerns for this group. While 46 percent of Gen Yers consider their career
prospects better than previous generations, many respondents feel they also
will have to save more money for retirement and study harder than
generations past. In fact, nearly three out of four (73 percent) Gen Yers
surveyed said they will likely go back to school to obtain another academic
degree or certification.
A corner office or impressive job title doesn't equal success for Gen
Y, the survey results suggest. In fact, respondents ranked "a more
prestigious job title" last among seven factors that would prompt them to
leave their current positions. Opportunities for professional growth and
advancement rated a greater career priority, the research shows.
Keeping their options open
Like most employees, Gen Yers crave challenge on the job. The top
factors that would tempt Gen Yers to look for greener pastures are added
pay and benefits, opportunities for advancement, and more interesting work.
Even firms that provide some of these incentives may not be able to keep
Gen Y staff members for the long term. Four out of 10 respondents said they
plan to stay at their job up to two years; only one in five foresees
staying at his/her current job six years or longer.
"Millennials never stop marketing themselves," said Tom Musbach,
managing editor, Yahoo! HotJobs. "This means companies must constantly be
in recruiting mode with current employees."
The survey was conducted in the second quarter of 2007 by an
independent research firm. It includes a total of 1,007 web interviews of
people 21 to 28 years old who are employed full-time or part-time, and have
college degrees or are currently attending college. Among those surveyed,
505 were males, and 502 were females.
About Robert Half International
Robert Half International is the world's first and largest specialized
staffing firm with more than 350 staffing locations in North America, South
America, Europe and the Asia-Pacific region. The company's professional
staffing divisions include Accountemps(R), Robert Half(R) Finance &
Accounting, and Robert Half(R) Management Resources, for temporary,
full-time and senior-level project professionals, respectively, in the
fields of accounting and finance; OfficeTeam(R), for highly skilled
temporary office support; Robert Half(R) Technology, for information
technology professionals; Robert Half(R) Legal, for project and full-time
staffing of attorneys, paralegals and legal support personnel; and The
Creative Group(R), for creative, advertising, marketing and web design
professionals. For more information about the specialized staffing and
recruitment divisions of Robert Half International, visit
About Yahoo! HotJobs
Yahoo! HotJobs (http://hotjobs.yahoo.com) is the fastest growing Web
site among the leading job boards, with +43.3 percent traffic growth during
January - September 2007, versus 2006 (comScore Media Mextrix). As a leader
in the online recruiting industry, Yahoo! HotJobs has revolutionized the
way people manage their careers and the way companies hire talent.
SOURCE Robert Half International