CEO Today - October 2023

More younger workers are challenging the “always-on” culture led by older generations who primarily value office-based work and employment. But, when younger workers are the future of their business, firms worldwide must tackle this issue to retain younger talent. So, there are seven rules global businesses should follow to help retain younger workers in a multigenerational workplace. What’s the issue? Post-pandemic, many younger workers understand the benefits of working flexibly. They feel there is more to life than work. As the hybrid debate continues, companies must compete to attract and retain talent, particularly from younger generations. When replacing a single employee costs six to nine months of their salary in hiring, training and lost productivity, this issue is business critical. The Seven Rules for Retaining Young Talent "According to the World Economic Forum, new generations reject unrewarding jobs with a toxic workplace culture, unrealistic workloads and the 'always-on, always-available' mentality." "It’s time to reinvigorate the workplace as global firms welcome the new generations who seemingly will not tolerate what has gone before." "Leaders should focus on career opportunities to enable employees to develop. Gen Z values on-thejob training with a desire for their managers to become ‘personal mentors’." in a multi-generational workplace By Liz Rider

RkJQdWJsaXNoZXIy Mjk3Mzkz