An article in the Washington Business Journal released the results of the Vintage CEO Confidence Index, a quarterly survey of U.S.-based executives' outlooks and habits.
What was the biggest finding?
Well, the executives surveyed said that their biggest business concern is recruiting and retaining talented employees. To solve this problem, these companies have been adjusting their management and corporate culture to meet the needs of Gen X and Gen Y, who collectively make up 58% of the workforce.
Their reasoning?
These companies feel that by understanding these generations and their work habits, they will better be able to reach them.
Makes sense to me. What do you think? Are their other ways for employers to recruit and retain employees?
2 comments:
I think as much as employers are trying to accomodate to the newer generations, there are always more pieces to the puzzle. Personally I think one of the more attractive points when looking for places of employment is the company itself. Is the company well known and recognized in its field? Are there opportunities to move vertically and horizontally within the company? Does the company learn from and distinguish itself from its competitors? Even though there are many factors to count, a corner office is always a plus too....!
I agree with you. There are definitely several factors to consider when looking for a job.
In terms of the article, I thought it was also interesting that these companies were changing their management and corporate culture to meet the needs of younger generations, and in doing so they might be neglecting the needs of older generations.
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