

In the wake of the financial crisis, transparency is becoming a priority for a growing number of chief executives. Some dispiriting news for business-school graduates: engineers and other technical experts are becoming more prevalent in companies' top ranks, according to two recent studies.
Millennials will form 50% of the workforce in 2020, and the majority value training and development and a healthy work/life balance over salary.
This is according to a major survey of 4,000 graduates from PwC, which found that nearly a quarter (22%) of respondents rated training and development as their number one benefit. Flexible working followed with 19% claiming it was most important, while cash bonuses ranked third (14%).
The report Millennials at work, reshaping the workplace also showed that 72% of those born between 1980 and 2000 have also had to make some sort of compromise in terms of location, salary or industry to get into work.
Jon Andrews, Partner, PwC says: “Millennials want more than ‘just a job’. They expect rapid progression, a varied and interesting career, and constant feedback.
If companies want their superstars to give 120 percent and not leave for greener pastures, an ongoing focus on retention and employee engagement will serve them well.
A new year offers a new start. Resolve to rethink “how we’ve always done it.”
1. Help HR pros to stop making assumptions
(MoneyWatch) According to a SHRM Study conducted earlier this year, most organizations have employee recognition programs in place. So why don't many of those programs work?
Effective employee recognition isn't based on following arbitrary guidelines or creating insincere recognition systems. That's why so many formal recognition programs only pay lip service to praising employees for their efforts.