Employee engagement, therefore, will be more important than ever. Since they’ll soon be competing for employees, anything an employer can do now to improve employee engagement and retention will likely pay off. And organizations should strive to position themselves as a Best Employer (an employer of choice), so that they will have the upper hand in the coming battle for scarce worker resources. Employee turnover, always costly, will become much more so in the future. Understanding what will motivate and retain Generation X and Generation Y employees, and building those policies now, can only help. At the same time, Baby Boomers need to be encouraged and inspired to prolong their workplace contributions. The organizations that can adapt to these requirements and be proactive in balancing the engagement needs of all the generations are the ones that will have the tactical advantage, both now and in the future. About Hewitt Associates With more than 60 years of experience, Hewitt Associates (NYSE: HEW) is the world’s foremost provider of human resources outsourcing and consulting services. The firm consults with more than 2,300 companies and administers human resources, health care, payroll and retirement programs on behalf of more than 300 companies to millions of employees and retirees worldwide. Located in 35 countries, including Canadian offices in Toronto, Montreal, Vancouver, Calgary and Regina, Hewitt employs approximately 22,000 associates. For more information, please visit www.hewitt.com. www.hewitt.com |
