What does Generation Y expect from their future working environment?
How important is the workplace in attracting, recruiting and retaining Generation Y workers and what factors contribute to talent management?
Despite a world population of 1.174 billion young people between the ages of 15-24, it is estimated that there are insufficient Generation Y workers for the future. Attracting and retaining this generation of workers will be vital to maintain business success in the future, and may well bring far more disruption than we could anticipate.
OXYGENZ is a research project led by Global WorkPlace Innovation to understand how important the future workplace is to generations in the workplace. The research gathered information from 5,000 students at universities worldwide, and young employees from a range of professions since February 2008. The aim is to understand which physical attributes of a workplace Generation Y most value, giving a valuable insight into multigenerational issues in the workplace of the future.
OXYGENZ aims to understand how important is the workplace to the Generation Y and what factors do employers, designers, facilities managers need to take into account.
18-25 year olds view the office as an extension of their home life, impacting the demands on employers requiring leading talent to stay competitive. Sustainability is also highly valued with 96% desiring an environmentally friendly workplace, but not at the expense of design. Growing up in a world where good design has become increasingly affordable, the Gen Y workforce expects their workplace to reflect their own ‘city crash pads’, with a contemporary feel. They are also the first generation with little memory of a pre-web world and having the latest technology in their workplace is simply expected.
Top priorities for attracting ‘Generation Y’ include
- Office location: Walking to work is the most popular choice amongst of UK respondents, suggesting a preference for an urban life with work and home in close proximity. 73% of UK respondents would prefer to work in an urban setting.
- Flexibility: Gen Y’s prefer a flexible working environment, including the option to work remotely. 82% of UK respondents prefer to work in a mobile way.
- Social environment: Gen Y’ see the office as an extension of their home environment where business and social life interact. Gen Y’s expect break-out rooms and a coffee shop.
- Explore the OXYGENZ website, participate in the survey and create your own virtual workplace. Visit www.oxygenz.com.