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How Gen Y and Boomers Will Reshape Your Agenda
How Gen Y and Boomers Will Reshape Your Agenda
By: Group-I 135) Piyush Malhotra 136) Ishan Adlakha 137) Anand Kumar 138) Anu Lall 139) Russel Nayyar 140) Kanika Monga
Flow of Presentation
Introduction
Changing Scenarios
Introduction
Today the working environment is changing and so are
the forces which affects it along with the total mix of working population.
The workplace can be divided in 3 groups: - Baby Boomers ( 1946- 1964)
- Generation X
- Generation Y
Both Boomers and Gen Y are twice each the size of Gen X and these two are redefining the what constitutes a work place.
dominated by Gen Y and Boomers, HRs have to all together search for new ways and methods to keep the right talent in organisation during these times of recession and then to retain this talent when the economy starts recovering.
Further more a survey which aims at finding what it takes
to be an employer of choice conducted by Hidden Brain Drain Task Force which suggests that even at times of recession these 2 groups are inclined towards the Remixed set of rewards as drivers rather than fat pay packages.
talent managers.
motivational and retention tool. Also it requires difficult task of redesigning incentives.
nature and helps in reducing costs simultaneously helps in retaining motivated talent pool.
Changing Scenarios
With changing mix of employees the companys are
also becoming a part of new breed of employers which respects educated employees increasing desire for:
-
1.
Graduate Deferral Program at UBS : it allowed new joiners to take a break of I year before joining to work for community or acquire new skill set. They were offering half the basic salary along with health insurance and promise of opening when they returned.
2.
Snowbird Program at CVS Pharmacy: it let employees at the opposite end of their carriers to move among CVS locations according to their seasonal preferences.
3.
Digital Reverse Mentoring Program at Time Warner: it engaged people on both ends of their carriers. Here the tech savvy students taught seniors executives of the organisation about the rapidly evolving landscape, digital trends and technologies. With the above methods the companies had following benefits:
UBS trimmed payrolls while keeping the desired talent pool. CVS was able to mobilize employees to match the seasonal migration of its customer Time Warner enjoys benefit of more market attuned leadership.
Attributes of Generation-Y
Ambitious
Multicultural Ease Loyalty Towards Employer Inclined Towards the Healing the Planet Networking by Nature
brings with it the values and reflect its makeup. Arriving in subordinate roles they some time dont get to have their preference and sometimes like in todays scenario they get they want.
The challenge with the Generation X will be that they will
be entering into the shoes of boomers and will have the responsibility of mentoring a generation which is completely out of sync with theirs along with taking care for its elders.
plans will find ways to satisfy the workplace demand of the talent the want.
area.
Thank You
Questions Please