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A new generation is here and they’re already embedded in the world of work. Hays have undertaken research that helps understand how Gen Y and the workplace fit together so we can help build careers that attract, develop and retain thevery best talent. This is the overview of the Hays Gen Y Australia research project.
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GEN Y AUSTRALIA AND THE WORLD OF WORKTHE WORLD OF WORKRESEARCHINFOGRAPHICSINFOGRAPHICS
M h 2014March 2014
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GEN Y AUSTRALIA AND THE WORLD OF WORKTHE WORLD OF WORK
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Presenter's name & Date. 2003 users: Go View Header & Footer to edit text / 2007 users: Go Insert Header & Footer to edit text
AUSTRALIA
A NEW GENERATION IS HERE and they’re already embedded in the world of work. Hays have undertaken research that helps understand how Gen Y and the workplace fit together so we can help buildworkplace fit together so we can help build careers that attract, develop and retain the very best talent. This is the overview of the Hays Gen Y Australia research project.
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AUSTRALIA
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AUSTRALIA
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AUSTRALIA
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AUSTRALIA
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AUSTRALIA
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1 01.0LEADERSHIP
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AUSTRALIA
Gen Y Australia see their ideal boss as a coach or mentor with supportive and motivational qualities. They are also more likely to want a manager that acts as a ‘friend’ than any other country—this option was chosen by one in five. A significant number however chose ‘leader’ as their mostnumber, however, chose leader as their most looked for trait, showing that a soft approach to management is not necessarily what they want.
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2 02.0ENTREPRENEURSHIP
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AUSTRALIA
The overwhelming majority of Gen Y Australia have someThe overwhelming majority of Gen Y Australia have some interest, or are already running their own business. This initiative and drive is carried over into other areas as well—they are more than happy to study further through their careers, and are very attracted to international work opportunities. Companies will have to make sure they harness these characteristics to get the most out of this generation.
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3 03.0ATTRACT
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While Gen Y Australia have a healthy interest in financial rewards, they are also very focused on maintaining a work-life balance and exploring the possibility of flexible hours and locations. Employers will also have to try to make their p y ywork as satisfying and enjoyable as possible.
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4 04.0RETAIN
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AUSTRALIA
This generation has a strong focus on work-life g gbalance, so will be unlikely to respond well to consistently long hours. They are also attracted by a good social life around work and flexibility. If they also feel as though they are getting job satisfaction, Gen Y Australia can be a good, loyal long-term investment.
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5 05.0TECHNOLOGY AT WORK
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AUSTRALIA
While a large proportion of Gen Y Australia agree g p p gthat technology is blurring the boundaries between work and social life, they don’t find it too hard to switch off during holidays or weekends. They know social media can be distracting, but a large proportion maintain that it can be useful at workproportion maintain that it can be useful at work. However, they still expect traditional communication methods to be used most in the workplace in five years.
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THANKS
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