The Impact of Emerging Adulthood on Human Capital Strategy
Terese Corey Blanck & Judy Anderson
Minneapolis Mn Minnesota
55442
United States
Emerging adulthood is a critical issue for organizational leaders to consider in the development of their human capital strategy. Organizations need a deep entry-level talent pool ready for significant responsibility, management, and leadership. However, entry-level employees on average change companies every 18 months impacting not only the bottom line, but the health and well being of the future of most organizations.
Understand the shifting demographics and the need for Gen Y to fill the leadership vacuum in the next decade.
Incorporate understanding of emerging adulthood as well as generational nuances into succession planning and knowledge transfer strategy.
Analyze the impact to the bottom line for retaining and developing entry-level talent; only a few organizations can recruit and retain the top 15% of this age group.
Apply “key” organizational practices to impact retention, performance and promotability of entry-level talent.
Embrace a management philosophy of “developing others”.
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Business