They are known as Millennials, Gen Y, Internet Generation, Gen Next, Echo Boomers and the Facebook Generation, to name just a few. Whatever you choose to call them, they are the largest age group, born between 1980 and 1999, to emerge since the baby boom generation. The millennials have already joined the workforce about 10 years ago but the largest group is yet to enter our labor market.
Both employer and employee want fairness in pay, but more often than not salaries are based on the individuals performing the job than on the true value that the job represents to the organization. Over time many organizations start to feel the lack of a consistent pay structure, facing substantial salary discrepancies within the same type of jobs.
In the world of Human Resources Management there are words that are commonly used in organizations and among HRM professionals. Words such as “Talent”, “Finding the Right Fit” and “Employee Engagement”. The word talent in itself is defined by Webster’s Dictionary as having a natural aptitude or skill. According to Forbes.com (2012) employee engagement is the emotional commitment the employee has to the organization and its goals.
In its Business Journal (2014) Gallup.com poses the following question “What’s More Important: Talent or Engagement?” According to Gallup, this question was asked in a survey conducted by Ann Inc. The answer:
By: Kevin Mason
How often have you heard this scenario?
By: Ron Thomas
“I became an accountant because accountants are the career choice of my family. We are a family of accountants.
By: Vanessa Merit Nornberg
When you’re hiring for smarts and out-of-the-box thinking, you’ll want to encourage these innovators to take your business to the next level. This often means giving their role plenty of flexibility.