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The Herman Trend Alert March 4, 2015 The New Employee MindsetTM; & What It Means for the Future As the Millennial Generation (or Gen Y) ages, its members are becoming increasingly important in the workplace. They are moving into positions of responsibility and becoming more valuable to their employers. Growing Gap between Expectations and Offerings Unfortunately, there is also a growing gap between Millennial expectations and what their employers are actually offering. This gap is having a negative impact on the engagement and retention of this generation, and is likely one of the primary reasons why Millennials will be looking for new opportunities in 2015. Differentiators In a recently released study from Aon Hewitt titled Inside the Employee MindsetTM;, we saw that the qualities that differentiate employers were as follows: Fun place to work Flexible work environment Innovative Good fit with my values Provides stimulating work Financially successful/market leader. The Improvements Millennials are Looking For To increase their overall engagement or satisfaction, the areas Millennials would most like to see improved in their current workplace were: Pay and benefits (51 percent) Good career or development opportunities (39 percent) Performance recognition (38 percent) Open/complete communication (34 percent) Flexible work environment (33 percent) Fun (30 percent) Having a strong management and leadership team (30 percent). Job Hopping Ahead in 2015 The data suggest that employees are feeling overworked and hampered by rigid systems/processes and limited resources. They want to feel appreciated for their efforts and successes, see opportunities to advance, and be more involved in the workplace, while having ample time for their personal lives---in short, they want a more "human" workplace. "Beyond wanting competitive pay and benefits, Millennials expect to feel appreciated for their efforts, see opportunities to advance, be more empowered in the workplace, and also have the flexibility to balance their lives at work and home." The lack of these aspects contributes to the statistic that 43 percent of Millennials plan to actively look for a new job in 2015. Wise employers will take these findings to heart, changing the ways they are working with their Millennials, particularly their high potentials. By giving the Millennials what they are looking for, these smart employers will be able to reduce the number of employees leaving and beat the odds. ### Special thanks to Aon Hewitt; their study examined the differences of employee preferences and expectations across three of the generations, including Millennials, Gen Xers and Baby Boomers. To read the full survey report, click here. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." HEAR JOYCE SPEAK TOMORROW AT 11:30 AM EDT Tomorrow morning, Joyce will be a Fireside Chat Speakers at the Brightside Business Women Empowerment Virtual Conference where she will talk about how business women can use the insights from her new, groundbreaking book, EXPERIENCE RULES, to be successful. Register for FREE at https://brightsideglobaltrade.org/women. GET COACHING FOR YOUR PEOPLE FOR LESS THAN $1/DAY! Gain access to dozens of coaches for the same low price. Find out more by visiting https://ingomu.com/joyceg JOYCE IS ON THE RADIO EVERYDAY NOW To listen to Joyce's TV shows on the radio, simply visit RadioFutures.com. Joyce's show is streaming every day at 3:00PM Pacific Time. To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_3-29-2023.html. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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