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Tuesday September 16th, 2008
Gen Y Job Satisfaction Low, Low, Low
According to a 2007 study by the Conference Board, job satisfaction among workers under the ago of 25 is at a record low. Fewer than 4 out of 10 working members of Generation Y say they are satisfied with their current jobs.
According to Marshall School of Business faculty member Kirk Snyder, “the economic toll associated with these increasingly lower levels of job satisfaction among Gen Y is significant, immeasurable and preventable.”
Snyder has just completed a three-year research project on communication and connection in the workplace.
Accoding to both Snyder's and other studies, lower levels of job satisfaction are associated with decreased employee commitment, productivity and retention.
Recent studies of this nature have all concluded with a need to focus on improving communication in the workplace as a means of retaining Gen Y talent. That is also the strategy behind studies I've blogged over the past months about retaining older workers past typical retirement age.
In the rest of our lives, given the explosion of text messaging and cell phones and crackberries, it feels to me like everyone is communicating all of the time...not necessarily the way we want them to communicate, but communicating nonetheless.
Why would this massive cultural phenomenon fall apart in the workplace when it holds together in the social and family aspects of our lives?
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