Friday, July 29, 2011

If You Want to Retain The Best Young Workers, Give Them A Mentor Instead Of Cash Bonuses

If innovative CEOs want their companies to attract the next brightest minds, they should save the cash bonuses and give their younger workers a strong mentor instead.
According to the 14th Annual Global CEO Survey by PricewaterhouseCoopers, 98% of Millennials believe working with a mentor is a necessary component in development. In fact, they ranked training and development three times higher than cash bonuses as their first choice in benefits.
With social media and technology playing such a influential role in the Millennials' daily lives, the way they judge a successful organization and hierarchy will differ from their parents.
The younger generation tend not to feel as attached to the companies they work for and one in four high potential employees plan to leave their employers within the next 12 months.
They are seeking more than "just a job."
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