I was not surprised to recently read that graduates aged around 29 feel unappreciated, unrewarded and unless it changes are about to leave the games field (their current employers) and take their ball with them.

As we know generation Y refers to people born between 1985 and 2000 and if one believes the Great Expectations Report published by ILM and Ashridge Business School their expectations of employment aren’t being met.

They had better get used to it
When I told a friend of this his reply was “Well, they had better get used to it. Who’s expectations are being met in this current business climate” and then went on to talk about the “poor products” that come out of universities and business schools that I thought a bit harsh.

However, the research in the report states that 45% of the group believe their salaries are below expectations. 38% think their career opportunities disappointing and that over one third (40%) will be thinking of leaving their current job within twelve months.

Talent pipeline
Whilst this report shouldn’t be a surprise, as far as my experience goes if you ask any group of employees if they are happy a large proportion won’t be and will be looking for employment elsewhere. However, for businesses trying to create a pipeline of talent able to be the managers of the future the thing I would suggest is not to panic. Some turnover is good and if you’re hanging onto the majority of the employees you find most useful through targeted actions then it’s as good as one can hope for.

Then again there was the useful piece of advice from the ILM Chairman Peter Cheese, “How employee groups are managed is integral to holding onto them.”
Now there’s something new!

It’s great when someone comes along and pricks the bubble of management pomposity that is part of business today. It’s why I just love listening to Lucy Kellaway on the radio and on her blog and reading her regular column in the Financial Times. Lucy’s talent for stripping away and laying bare the stupidity of puffed up management makes her required reading and listening.

Each year she awards prizes for companies and managers who have butchered the English Language.
Like the Executive at Amazon who renamed books “Reading containers” and Toyota who now call cars “Sustainable mobility solutions”

Other awards go to HB Fuller coaching who state that they “invested in several key talent additions”

I don’t want to spoil Lucy’s adio blog for those who have yet to hear it but firmly believe that it should be required reading and listening for all executives, MBA students and Business school lecturers. Listen to it HERE and enjoy