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Nadira A. Hira’s article over on CNN Money got me fired up! Not only do I completely agree with her assessment of the current situation in corporate America but I have more to add to it.
When shown “true” loyalty from a company, not only Gen Y but all employees, will show loyalty back. The problem is that it is rare when a company is truly loyal. Bottom lines are the way of business and they aren’t loyal. This is why we job hop and hopefully this will cause enough of an issue that companies will wake up to this reality.
We don’t mean to be revolutionaries but it is much easier for Gen Yers to job hop because we have little roots in anywhere we go. Usually we don’t have kids and a lot of us don’t have mortgages.
So here are a few tips to companies who want to know what loyalty is to Gen Y.
- If the employee is doing their job well, a raise should be cost of living plus a percentage based on evaluation.
- Pay employees what they are worth. Being underpaid is a sign of disloyalty from the company.
- The employee needs to know that they have a future with the company and a plan to achieve it.
- Annual reviews should mean something.
- Training and certifications should be encouraged.
- Bonus Points for companies who ask Gen Yers about how they can better be utilized within the company.
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Comments
06.05.08
I love this list! I work in the nonprofit field and too often we think the mission should enough. It's 2008 people! Loyalty and appreciation can be quantified!
06.05.08
Great post - this drives home to me that sometimes we (Gen Y) don't know what it looks like when we do get shown loyalty. Thanks for making me realize that my company is being loyal to me.
06.06.08
Great post! It's a truly valid point that when a company takes care of its employees the employees will work better for that company. I don't think this is limited to just Gen Y, either.
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