A banking executive lamented to me the challenges of retaining Gen Y employees. A graduate had resigned after a mere three months with the company and explained his departure in terms of not having received the one-on-one training he had expected from the CEO.
This executive is not alone. Perplexed organisations are struggling with annual turnover rates that reach beyond 40 per cent.
But unless there is a significant economic downturn and jobs suddenly become scarce, organisations are just going to have to live with a new paradigm. Young employees have vastly different expectations from their elders and have no compunction about getting up and leaving for perceived greener pastures when dissatisfied.