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More than half of local bosses believe Gen Ys are difficult to recruit because of their unrealistic expectations of career advancements and salaries.
A survey by Robert Half has found 54% of Singaporean employers believe Gen Ys are the hardest group to recruit, compared to Gen X (21%) and Baby Boomers (9%).
There are also more local (59%) than global (45%) employers who find Gen Ys challenging to retain – the only other country to have a harder time holding onto their Gen Y talent is Chile.
Eighty per cent of bosses said Gen Ys are a handful to attract and retain because they have high expectations for career progression, while 75% of employers said younger talent believe they are worth more than they really are.
Stella Tang, director of Robert Half Singapore, called Gen Y employees the generation “that ‘wants it all’ and they ‘want it now’ – good pay, benefits, rapid career advancement, work-life harmony, interesting and meaningful work”.
Therefore, she said companies have to be better at engaging Gen Y employees and give them roles that challenge and leverage on their strengths in order to better retain them.
“One example would be to tap their ‘savviness’ with technology and social media to lead a social networking task force to drive a business need,” Tang said.
The report also found while 80% of Gen Ys prioritise career advancement – a sentiment shared by Gen X employees – baby boomers are those most likely among all employees to be inclined towards jobs that provide work-life balance.