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Managers need to investigate new approaches to accommodate Generation Y and fold those aspects into the current process to ensure acceptance rates are high.
A phenomenon, termed brain drain, is occurring as more employees from the baby boom generation are exiting the workplace (Hansen, n.d.). Baby boomers are those born from 1940 through 1964 and have long been the mainstay of corporate America. As the baby boom generation elects to retire, or reduce their time commitment, America faces a dilemma – how do they foster knowledge transfer and attract this new generation.
Generation Y has been the most pampered and indulged generation so strategies for hiring and retaining these people will need to change (Hansen, n...
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