What does Generation Y want in the workplace?

They are looking for a good work-life balance, flexible working hours and strong diversity policies. They also expect to rise rapidly through the organization and move up the ladder very fast. Corporate Responsibilities have to meet the expectations of the Millennials or they will leave their employer.

What are Generation Y employees?

Generation Y represents the workforce of the future. Generation Y known as the Millennial, are the employees who were born between 1980-2004 and were the children of the Baby Boomers. Now most of the baby-boomers are going to retire and there is wide entry of generation Y to the workforce.

How do you engage Gen Y in the workplace?

5 Keys to Long-Term Engagement with Gen Y

  1. Create Gen-Y Specific Groups. Companies are targeting Millennial engagement by offering generation-specific career development opportunities.
  2. Offer a Customized Experience.
  3. Support Employees in Their Work and Personal Lives.
  4. Focus on Social Responsibility.

What does Generation Y mean in business?

Generation Y or Gen Y refers to people born between the early to mid-1980s and the early 2000s. We also call it the ‘Millennial Generation. ‘ We often refer to people born during that period as ‘Millennials. ‘ People base the name ‘Generation Y’ on the generation that preceded the Millennials, i.e., Generation X.

What are Gen Y known for?

Generation Y is the first generation to grow up with the internet, cell phones and digital communication. “Digital natives” is a term often used to describe people who grew up tech-savvy. These professionals are comfortable learning and using the latest software releases in the workplace.

How do you motivate Millennials at work?

Here are their top tips.

  1. Prioritize Transparency: Be Honest and Open with Millennial Employees.
  2. Flexibility Is a Perk Sure to Motivate Millennials.
  3. Set out Clear Paths for Millennials’ Career Progression.
  4. Hold Regular Performance Discussions.
  5. Motivate with Time Off.
  6. Encourage a Sense of Teamwork.

What is Gen Y known for?

How do Gen Y employees retain?

5 Ways to Retain Gen Y Workers

  1. Create an internal hiring program. Gen Y employees will leave your company if they aren’t given career opportunities.
  2. Permit social networking use.
  3. Provide constant feedback.
  4. Gamify your workplace.
  5. Focus on your community instead of profit.

How do you keep millennials engaged at work?

How to Keep Millennials Happy and Engaged at Work

  1. Set out clear career paths.
  2. Offer better training and development programs.
  3. Offer competitive salaries.
  4. Give your employees recognition.
  5. Give them accountability.
  6. Be flexible.
  7. Create a nice work culture.
  8. Welcome feedback and take it on board.

How do you motivate millennials at work?

What are the stereotypes of Generation Y?

Millennials, sometimes called Generation Y, have been subject to so much bad press in the news. Some of the complaints leveled at them include being narcissistic, living with little ambition, and even being a bit delusional. But are these stereotypes true?