Mentoring Has A Direct Impact On Employee Productivity

—Geography: United States —Research Source: Millennial Branding & American Express —Date: September 2013 —Findings: —53% of employees said that a mentoring relationship would help them become a better and more productive contributor to their company. —42% of employees aid that a mentoring relationship  would help them be more confident and 41% said they would become […]

Managers Open To Employees Leaving For Other Opportunities

—Geography: United States —Research Source: Millennial Branding & American Express —Date: September 2013 —Findings: —44% of managers, and 42% of employees, said that it’s most reasonable to leave their company if another opportunity comes along. —19% of managers said that  it’s most reasonable to leave their company if employees feel that they are not getting […]

Managers Expect Employees To Be Patient About Promotions

Geography: United States —Research Source: Millennial Branding & American Express —Date: September 2013 —Findings: —75% of managers, and 66% of employees, said that it takes 4 years or more to become a manager at their company. —32% of managers, and 27% of employees, said that it takes 8 years or more to become a manager […]

Millennial Employees Seek Travel Opportunities

—Geography: United States —Research Source: Millennial Branding & Elance-oDesk —Date: May 2013 —Findings: —50% of millennials say that it’s either very or extremely important that they get the opportunity to travel versus 38% of all generations. —When asked about their travel preferences, 64% said they would like to work and travel, while 36% said that […]

The Most Popular Programs Used To Retain Millennials

—Geography: United States —Research Source: Millennial Branding & Beyond.com —Date: August 2013 —Findings: —79% of HR professionals believe that it’s possible to increase their millennial retention rate. —When asked about the type of programs they have created to retain millennials works, 48% said they have workplace flexibility programs, 40% said mentoring programs, 37% said internal […]

Millennial Retention Costs About $20,000 Per Employee

—Geography: United States —Research Source: Millennial Branding & Beyond.com —Date: August 2013 —Findings: —87% of companies reported it costs between $15,000 and $25,000 to replace each millennial employee they lose —40% of companies currently employ 50 or more millennial workers —more than 60% of millennials leaving their company in less than three years —51% report […]

Intrapreneurship Not Fully Supported In Corporations

—Geography: United States —Research Source: Millennial Branding & Monster —Date: February 2013 —Findings: —27% of workers said that they feel they have management’s support to act as an intrapreneur at their company (32% of Gen Y, 27% of Gen X and 25% of boomers). —28% of workers said that they have the freedom and flexibility […]

Executives Expected To Make Career Moves

—Geography: Global —Research Source: The Association of Executive Search Consultants (AESC) & BlueSteps.com —Date: January 2014 —Findings: —74% of executives more willing to make a career move in 2014 compared to 2013. —87% of executives plan to look for a new role this year. —39% of executives expect it to be more difficult to find […]

Case Study: Novelis On Internal Hiring

Company: Novelis is a leading producer of rolled aluminum and the global leader in beverage can recycling. Headquarters: Atlanta, GA Company Size: 10,000+ Employees Industry: Mining & Minerals Case Study Source: WorkplaceTrends.com Date: 2013 What was the challenge? Novelis was having difficulty retaining employees and spending too much on hiring external, more expensive candidates. What did […]

Employees Prefer In-Person Communication Over Technology

——Geography: United States —Research Source: Millennial Branding & American Express —Date: September 2013 —Findings: —66% of managers say that in-person meetings are their preferred way of communicating with employees and 62% of employees feel the same way about how they communicate with their managers. —The second most popular way of communicating  between managers and employees […]