My company recently sent out the annual Employee Opinion Survey. Here is an excerpt from my comments (not that they would acutally do any good):
I am 24, young by our company’s standards. However young and insignificant I may be, please understand the importance of Gen-Y in the work force. Not now. Not next year. Within 5 years Gen-Y will be the fastest growing employee group at [my company] . Make no mistake that as the market improves, so will 401Ks and then all those almost-retirees who were sitting of the fence will go, leaving Gen-Y as the next generation to populate the ranks. So why am I mentioning this?
Gen-Y is different, we work differently, certainly more different than the boomers and their predecessors. It is then important to understand the working styles and attitudes of Gen-Y so that when the time comes, [my company] will have the ability to retain and recruit top talent.
Please understand, Gen-Y cares more about lifestyle than salary. This is critical to understand as [my company]’s compensation will have to shift to accommodate Gen-Y’s new expectations. Specifically, I’m talking about work-life balance. The opportunities to telecommute and work remotely are so rare that it seems [my company] does not care about work-life balance. I have written many memos on this subject, one of which I will include below.
I welcome the chance to discuss this with you further.