We are now going to discuss the issues affecting recruitment and retention of employees who are a part of the ever growing generation Y. This generation describes people who are born between the years 1977 to 1994, and the generation is consisting about 70 million people, which is three times bigger than the generation X (born 1966-1979). This generation Y is also known as the Millennials, and this group is not only the biggest, but it is also the most ethnically diverse generation to date, and one out of every three members ins not Caucasian. The generation can be characterized by a lot of things, but the first things that pops up in our minds when we think of this generation, is their big amount of self-confidence and their believe that they can accomplish anything they want.
Many of these people come from households with single parents, and therefore the child is often the centre of the household, and that is a major factor in the children’s behavior. Many of them also have a part-time job, and they have an average income of $100/week, and this have made the teens extremely demanding and they can manage them selves. All these things have made the generation to what they are today, and that is what the companies have to adjust themselves into, to attract this generation.
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