Generation Y motivated by different factors to previousgenerations

Generation Y motivated by different factors to previousgenerations, say HR and finance professionals

According to new research from recruitment consultancy Robert Half Finance &Accounting, HR and finance professionals around the world believe that thebenefits packages that motivate Generation Y are distinctly different fromprevious generations.

The survey, conducted in 2005 with 1,800 HR and finance professionals in 11countries around the world, reveals that 83% of HR and finance professionalsbelieve that Generation Y are motivated by different factors to other agegroups.Motivating factors for Generation Y, according to the HR and financeprofessionals surveyed, are:

* Flexible hours: 36%
* Performance-related salary and bonuses: 33%
* Programs for career development: 32%

HR and Finance professionals believe that Generation Y are most likely toleave their company for the following reasons:

* The lack of career development prospects: 50%
* Poor salary and bonuses: 39%
* An inadequate work/life balance: 12%

Phil Sheridan, Managing Director of Robert Half Finance & Accounting,comments: “Generation Y is seeking employment opportunities that complementtheir lifestyle and include strong provisions for career development andfinancial rewards. Their behaviors and preferences will shape corporatelife. Organizations need to review the benefits and packages that they offertheir workforce to ensure that they hold onto this generation of workers.”

Source: http://www.roberthalf.co.uk