Millennials Evolving Business Market - Transwestern · As more and more Millennials come of age and...

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t 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. Average Worker: 4.6 Millennial Worker: 2.3 Employee Tenure (in years) 87% of Gen-Y will quit within THREE (count ‘em) (3) YEARS It costs $15,000 to $25,000 to replace lost Millennial talent S 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? Millennials are doing it! 63% g i v e t o c h a r i t y 52% s i g n p e t i t i o n s 43% a c t i v e l y v o l u n t e e r 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 Disease 18-25% Allergies and Asthma 20-50% 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 2011 45% 2012 50% 2014 55% 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 Construction firms Between 2013 and 2015 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-review http://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.pdf http://download.intel.com/newsroom/kits/research/2012/pdfs/The_Future_of_Knowledge_Work-Intel_WhitePaper.pdf http://www2.deloitte.com/content/dam/Deloitte/global/Documents/About-Deloitte/gx-wef-2015-millennial-survey-executivesummary.pdf http://www.glassdoor.com/blog/company-culture-pay/ U.S. Statistics Bureau http://www.usgbc.org/leed#why Generation Y (1981-2000) Silent Era (1922-1943) Generation X (1961-1980) Generation 2020 (2000- ) Baby Boomers (1944-1960) 2015 Generations in the Workplace 50.0% 22.0% 20.0% 7.0% 1.0% 2% 34% 34% 29% 2020

Transcript of Millennials Evolving Business Market - Transwestern · As more and more Millennials come of age and...

Page 1: Millennials Evolving Business Market - Transwestern · As more and more Millennials come of age and enter the workforce, it is no secret that talent retention is a huge factor in

t

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