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Take a look around your office. Look at your colleagues on either side and then look in the mirror. The chances are good that in five years, one of you will have left on your own accord, a new study shows.
Employee restlessness is rising, according to new data from Hay Group, a global consulting firm. Last year, nearly two in five (38 percent) employees planned to leave their organization within the next five years, compared with 30 percent in 2009. In large measure, that restlessness stems from a direct result of lack of engagement, the study found.
The employee engagement picture remains mixed at many organizations, according to the study, which pulled data from the opinions of more than 1.6 million U.S. workers in 152 organizations. While commitment to the company has flagged, employees’ willingness to invest discretionary effort held fairly stable from 2009 to 2011, along with their feelings about their job security and career advancement opportunities. Read the rest of the article by Ned Smith at BusinessDailyNews.com.
There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next decade.
Much of the discussion about how to attract younger folks into the ranks of underwriters, sales producers, customer service representatives, account managers, claims adjusters and the myriad other positions available in the industry comes down to the question: What do millennials want?
“At approximately 75 million, the population of Gen Yers is the largest after Baby Boomers,” which number about 80 million, Deloitte said in its report, “Generational Talent Management for Insurers: Strategies to Attract and Engage Generation Y.”
Despite the recent economic downturn, industries across the board are looking at this generation, now mostly in their 20s, as the source for new blood and new ideas to replace workers who are beginning to age-out of the workforce in droves. This group also is influential due to its status as a wide pool of potential customers, Deloitte noted.
In its Gen Y report, Deloitte found that when it comes to employment, millennials differ significantly from baby boomers in that Gen Y values “long-term career development within a single organization.” The older generation on the other hand is generally noted for its “employer infidelity.” Deloitte added that in return for such loyalty to an employer, “Gen Y demands variety in experience and learning opportunity.” Read the full article by Stephanie Jones for The Insurance Journal here.
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- Alaska Oil, Gas Employment Growing. ~MyOPI Outplacement. Knoxville, Tennessee.
- NY Blower Company To Add 125 Jobs In Kentucky. ~MyOPI Outplacement. Knoxville, Tennessee.
- Republic Services Expanding In Florida. ~MyOPI Outplacement. Knoxville, Tennessee.
- Accurate Specialties Adding Jobs In Wisconsin. ~MyOPI Outplacement. Knoxville, Tennessee.