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Showing 1 - 2 of 2 matches in All Departments
As management ages and prepares to work longer than previous
generations and Millennials join companies at steady rate,
companies are suffering through tension and dissonance between
Millennials and Boomers, and realizing that they can't just wait
for management to age out to fix it. Finding productive ways to
work across the generation gap is essential, and the organizations
that do this well will have significant strategic advantages over
those that don't.
It is rare today for employees to stay with one organization for the long tenures that were the norm before the Great Recession. In fact, "job hopping" is the new norm, especially for Millennials. In The Boomerang Principle, companies learn how to leverage this fact rather than fear it. By engendering a lifetime of loyalty from former employees, leaders can see them "return" in the form of customers, partners, clients, advocates, contractors, and even returning employees. Author Lee Caraher has built several companies and managed many Millennials along the way. In her first book, Millennials & Management, she shared her wisdom on how to get an intergenerational workforce to contribute to the larger goals of the organization. In this follow-up book, she shifts the emphasis to creating valuable, long-lasting relationships with your employees to ensure they remain your biggest fans, even if they leave the company. The Boomerang Principle is a pragmatic answer to the outdated corporate mindset around employee turnover. Instead, it shifts the focus to creating lifetime loyalty from your alumni who will bring back business again and again.
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