procurement the next generation...attracting the gen y community . 7 . a new generation is here ....

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PROCUREMENT THE NEXT GENERATION November 2013 1

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Page 1: PROCUREMENT THE NEXT GENERATION...ATTRACTING THE GEN Y COMMUNITY . 7 . A NEW GENERATION IS HERE . and they’re already embedded in the world of work. Hays have undertaken research

PROCUREMENT THE NEXT GENERATION

November 2013

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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

WHY PROCUREMENT?

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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

ATTRACTING THE GEN Y COMMUNITY

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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 the very best talent our country has to offer. This is the overview of the Hays Gen-Y research project.

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As businesses grow, more employees are beginning to look at what opportunities are out there, with just over three quarters (77%) anticipating moving jobs within the next 2 years.

r

Page 10: PROCUREMENT THE NEXT GENERATION...ATTRACTING THE GEN Y COMMUNITY . 7 . A NEW GENERATION IS HERE . and they’re already embedded in the world of work. Hays have undertaken research

Which of the following are most important when considering a new role ?

57%

13%

6%

7%

7%

15%

14%

15%

10%

11%

13%

11%

11%

14%

12%

Salary Level

Challenging role/projects

Career developmement

Job security

Location

Page 11: PROCUREMENT THE NEXT GENERATION...ATTRACTING THE GEN Y COMMUNITY . 7 . A NEW GENERATION IS HERE . and they’re already embedded in the world of work. Hays have undertaken research

When considering a new role, which of the following benefits do you consider most important ?

43%

15%

11%

11%

9%

3%

2%

2%

2%

2%

Contributory pension

Flexible working (such asflexitime or home working)

Company car or allowance

Over 25 days annual leave

Individual/companyperformance related bonus

Health Insurance or privatemedical cover

Paid overtime

Finacical training support

Share incentives

Other

Generally, employers and employees agree on the most important benefits: pensions, more than 25 days annual leave/ company car allowance and opportunities for flexible working.

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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

DEVELOPMENT AND RETENTION

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Generation Y employees are going to be running your organisation in the future, and it pays to invest in developing and retaining them now. This means getting an understanding of their focus on career development and knowledge acquisition and their aspirations for job satisfaction, which are different from previous generations.

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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

SUMMARY

• Promote Procurement

• Awareness

• Be Mindful