Millennials Evolving Business Market - Transwestern · As more and more Millennials come of age and...
Transcript of Millennials Evolving Business Market - Transwestern · As more and more Millennials come of age and...
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As more and more Millennials come of age and enter the workforce, it is no secret that talent retention is a huge factor in your bottom line, not to mention a growing concern as Baby Boomers begin to retire.
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Average Worker: 4.6
Millennial Worker: 2.3
Employee Tenure (in years)
a
87% of Gen-Y will quit within THREE
(count ‘em) (3) YEARS
It costs $15,000 to $25,000 to replace lost Millennial talentS
Of the most socially-connected Millennials, 77% chose to work at their current employer because of their social-environmental purpose and focus on individual wellbeing.
What’s Your Purpose?
Does your company appeal to this generation yet?
Millennialsare doing it! 63%
give to charity 52%
sign petitions 43%
actively volunteer
It matters to give back:
How to give back. PUTTING THE PIECES TOGETHER. The starting line begins where your company conducts its business. You owe it to your employees and yourself to provide a safe, clean, healthy environment without further harming the world we live in.
Improved indoor environment of an office building reduces healthcare costs
9-20% Communicable Respitory Disease18-25% Allergies and Asthma20-50% Non-Specific Ailments
Companies that embraced green iniatives and more
rigorous environmental standards had higher labor productivity.
(psst!: That’s 16% more than their non-green counterparts)
Leadership in Energy and Environmental
Design (LEED) is a voluntary based national standard
for development of high-performing,
sustainable buildings
Energy Star benchmarking compares the energy performance of a building against similar buildings in similar climates
0
10
20
30
40
50
60
201145%
201250%
201455%
Percentage of those willing to pay extra for products/services offered from companies that are committed to positive social and environmental change.
LEED-certified buildings demonstrate increased recruitment and retention rates. Presently 2.5 million employees are experiencing better indoor environmental quality, by 2030, that number is estimated to rise to 21 million
19.2% Average ROI for existing buildings turning green
9.9% for new projects
Signs of Green Life
63% have new
green
commerical
projects
45%
have
new green
institutional
projects
50%
have green
renovation
work
Con
stru
ctio
n fi
rms
Bet
wee
n 20
13 a
nd 2
015
Certified green buildings:• Attract tenants• Increase rental/resale value• Provide a more productive space
$960 billion
$230 billion
Amount of money invested in green iniatives by commercial building owners and managers in 2013:
By 2023:an estimated
Millennials and the Evolving Business Market
Sources:http://www.uschamberfoundation.org/millennial-generation-research-reviewhttp://www.pewresearch.org/fact-tank/2015/05/11/millennials-surpass-gen-xers-as-the-largest-generation-in-u-s-labor-force/https://netimpact.org/sites/default/files/documents/what-workers-want-2012.pdfhttp://download.intel.com/newsroom/kits/research/2012/pdfs/The_Future_of_Knowledge_Work-Intel_WhitePaper.pdfhttp://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-wef-2015-millennial-survey-executivesummary.pdfhttp://www.glassdoor.com/blog/company-culture-pay/ U.S. Statistics Bureauhttp://www.usgbc.org/leed#why
Generation Y (1981-2000)
Silent Era (1922-1943)
Generation X (1961-1980)
Generation 2020 (2000- )
Baby Boomers (1944-1960)
2015Generations in the Workplace
50.0%
22.0%
20.0%
7.0%1.0%
2%
34%
34% 29%
2020