{"id":1505,"date":"2008-04-08T10:23:03","date_gmt":"2008-04-08T15:23:03","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/gen-y-retention-strategies-that-work\/"},"modified":"2008-04-08T09:50:18","modified_gmt":"2008-04-08T14:50:18","slug":"gen-y-retention-strategies-that-work","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/gen-y-retention-strategies-that-work\/","title":{"rendered":"Gen Y Retention Strategies That Work"},"content":{"rendered":"<p>Yesterday <a target=\"_blank\" href=\"http:\/\/selectmetrix.com\/blogs\/2008\/04\/retention-strategy-limit-rules\/\">I posted<\/a> on this &#8220;determine your own vacation time&#8221; approach to management.\u00a0 It is totally foreign to me.\u00a0 Today I come across another company with the same approach.\u00a0 This HRE Online article &#8211; <a target=\"_blank\" href=\"http:\/\/www.hreonline.com\/HRE\/story.jsp?storyId=83541069\">In Their Own Words<\/a> &#8211; contains comments provided by Gen Y workers on a recent survey.<\/p>\n<p>First the vacation comment (my empahsis):<\/p>\n<blockquote><p><strong>CarMax<\/strong><\/p>\n<p>&#8220;Time away from work policy instead of vacation and sick days. <strong>There is not a set amount of time you can take, you just work it out with your manager.<\/strong> The office&#8217;s atmosphere is very bright and open. Management is very accessible and will answer any questions that you have. They encourage management throughout the company in order to give you a better overall understanding of the company.&#8221;<\/p><\/blockquote>\n<p>This one is rather astounding:<\/p>\n<blockquote><p><strong>Quicken Loans<\/strong><\/p>\n<p>&#8220;When I was in training, it was mid-winter. On the first very cold day of the year, I had an amazing experience. I pulled into the very large parking lot and saw about eight people driving golf carts around, picking up employees. It was none other than the owner, CEO and president along with other executives of our company out there in the freezing cold picking us up and driving us to the front door. Upon walking in, there were donuts and warm apple cider waiting for us. If that&#8217;s not employee appreciation, I don&#8217;t know what is.&#8221;<\/p><\/blockquote>\n<p>We are up here in the frozen tundra of Minnesota so I am rather appreciative of this effort.\u00a0 Owners, CEOs and Presidents that are willing to actually give of their time and effort for their employees reap greater retention rewards than just monetary rewards.\u00a0 Yes, I know money goes a long ways, but imagine combining a monetary reward with this effort.\u00a0 If I were an employee at Quicken Loans, I would be blown away with this effort.<\/p>\n<p>You know, sometimes the best retention efforts are not wrapped in strategy, planning committees and focus groups.\u00a0 They are simply people serving their employees in an unexpected, thoughtful manner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday I posted on this &#8220;determine your own vacation time&#8221; approach to management.\u00a0 It is totally foreign to me.\u00a0 Today I come across another company with the same approach.\u00a0 This HRE Online article &#8211; In Their Own Words &#8211; contains comments provided by Gen Y workers on a recent survey. First the vacation comment (my empahsis): CarMax &#8220;Time away from work policy instead of vacation and sick days. There is not a set amount of time you can take, you just work it out with your manager. The office&#8217;s atmosphere is very bright and open. Management is very accessible and will answer any questions that you have. They encourage management&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2008\/04\/gen-y-retention-strategies-that-work\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[29,23,11,5],"tags":[451,518,1766,519],"class_list":["post-1505","post","type-post","status-publish","format-standard","hentry","category-generations","category-retention","category-team-management","category-trends","tag-gen-y-retention","tag-retaining-gen-y","tag-retention","tag-retention-strategies"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-oh","jetpack-related-posts":[{"id":1454,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/owning-the-job\/","url_meta":{"origin":1505,"position":0},"title":"Owning The Job","author":"Derrick Moe","date":"March 5, 2008","format":false,"excerpt":"The principle of owning vs. renting is powerful especially when it comes to an employee's job.\u00a0 Ownership of a job is a fickle thing.\u00a0 Yet, I have worked for managers who assigned responsibility and provided enough autonomy to allow me to excel in my role.\u00a0 The younger generations seem to\u2026","rel":"","context":"In &quot;Generations&quot;","block_context":{"text":"Generations","link":"http:\/\/selectmetrix.com\/blogs\/category\/generations\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1475,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/the-net-generation\/","url_meta":{"origin":1505,"position":1},"title":"The Net Generation","author":"Derrick Moe","date":"March 19, 2008","format":false,"excerpt":"I haven't heard that description used for Gen Y until I read this BusinessWeek.com article - Netting the Net Generation.\u00a0 The article is a good read for managers who have Gen Y employees.\u00a0 Some of the information is fairly common, but I thought this point was well stated: However, don't\u2026","rel":"","context":"In &quot;Generations&quot;","block_context":{"text":"Generations","link":"http:\/\/selectmetrix.com\/blogs\/category\/generations\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1059,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/07\/3-years-and-a-cloud-of-dust\/","url_meta":{"origin":1505,"position":2},"title":"3 Years And A Cloud Of Dust","author":"Derrick Moe","date":"July 9, 2007","format":false,"excerpt":"If you have been sourcing salespeople recently, you have probably noticed some short tenures among the Gen Y candidates.\u00a0 We are sourcing for an intermediate-level sales position that has garnered a noticeable response from Gen Y (or young Gen X) candidates.\u00a0 The remarkable trend is that many of the candidates\u2026","rel":"","context":"In &quot;Sales Candidates&quot;","block_context":{"text":"Sales Candidates","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/sales\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1138,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/08\/tips-to-retain-employees\/","url_meta":{"origin":1505,"position":3},"title":"Tips To Retain Employees","author":"Derrick Moe","date":"August 16, 2007","format":false,"excerpt":"Retention is on everyone's mind with the job-hopping world we now live in. I have to admit, if we see a candidate who has been locked in with a company for 10+ years, we start to wonder about their overall development. Today Kevin Wheeler offers an excellent article on the\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1529,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/director-of-career-mobility\/","url_meta":{"origin":1505,"position":4},"title":"Director Of Career Mobility","author":"Derrick Moe","date":"April 23, 2008","format":false,"excerpt":"Another good article here from WSJ titled New Career, Same Employer.\u00a0 The gist of the article: Ernst & Young LLP last year named Nancy Harley director of career mobility for the Americas, a new position designed to help employees of the accounting firm move into new roles. \"The longer someone\u2026","rel":"","context":"In &quot;Assessing&quot;","block_context":{"text":"Assessing","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/assessing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1503,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/retention-strategy-limit-rules\/","url_meta":{"origin":1505,"position":5},"title":"Retention Strategy &#8211; Limit Rules","author":"Derrick Moe","date":"April 7, 2008","format":false,"excerpt":"BusinessWeek.com's playbook section offers a very short, but highly intriguing article title How Netflix nets and keeps talent.\u00a0 Here it is in it's entirety: PAY LAVISHLY Higher-than-average salaries\u2014and tying bonuses and raises to the market, not a pool\u2014can make stars less likely to bolt. Money is no object in hiring.\u2026","rel":"","context":"In &quot;Retention&quot;","block_context":{"text":"Retention","link":"http:\/\/selectmetrix.com\/blogs\/category\/retention\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1505"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1505\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1505"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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