Whatever you do, don't try the same-old, same-old approach with Gen Y
. Generation Y promises to reshape the way employers think about their employee benefits strategies.
consumers (ages 16-24) are a crucial spending force in the fast food industry, with nearly 20 per cent of 'Millennials' purchasing from a QSR almost every other day, according to L.E.K's new report.
The survey indicates that Gen Y
's lack of action does not stem from lack of awareness or interest; almost three-fourths of Gen Yers (73%) realize that they are not saving enough for retirement.
But as the numbers suggest, it would be a mistake to ignore Gen Y
. Not only do these prospects possess a vast amount of collective resources, they actually have a real interest in obtaining insurance coverage.
"A lot of times when Gen Y
lawyers talk about work-life balance, they're not talking about reduced hours.
Here some insights might be discussed: Gen Xers indicate "family members" as number 1, handy Gen Y
's and Gen Zers "family members" are labelled as close to least and least important, accordingly 5 and 6.
", also called Millennials, have arrived at the beginning of their working lifetimes.
This chart provides a distillation of Gen X's and Gen Y
's experiences, ideas, and values and conveys further suggestions for working with the younger generations.
Against this backdrop, today's mostly Generation Y (1) (Gen Y
) students are preparing to enter the fulltime workforce.
Recent statistics show how frequently the Gen Y
age group plans to switch jobs compared with Gen X.
The characteristics of Gen Y
require an adjustment in focus and perspective as accounting organizations begin recruiting these students.
Based on Gen Y
's interests, companies should promote their sound values, technologically advanced workplaces, and global scope.