Gen Y seek freedom from old style management

Generation Y will be the largest part of the workforce in 2015. A new study from Ashridge Business School and MSLGROUP says that Generation Y have a completely different attitude to work. The study shows that Generation Y, also known as Millennials, no longer go into the world of work with the expectation of staying in one organization and working their way up. In fact, 43% of those surveyed worldwide said they intended to leave their current company in the next two years.

Experts from the hospitality industry comment on the Generation Y workforce:

Research shows that Generation Y would prefer to have some freedom to live their lives rather than dedicate all their time and energy to work. On average, 89% of the working under 30s surveyed by Ashridge in India, China, UK, France, USA and Brazil, said that work-life balance was important to them. This tallies with research by PwC in which 71% of their millennial employees said that work demands interfere with their personal lives. This report also found that: ‘Millennials do not believe that productivity should be measured by the number of hours worked at the office, but by the output of the work performed.’

Generation Y also wants a new type of manager. In the Ashridge survey, overall, less than a third (31%) felt the role their manager played fitted what they want. They consistently said their ideal manager would act as a friend or mentor. In their working lives, a sense of achievement, feeling valued or respected, and job security were also highly valued.

This week’s videos feature comment from:

  • Nicolas Mayer, Partner, Industry Leader – Lodging & Tourism, PWC on how to maximise your Gen Y workforce.

  • Karen Friebe, Partner, Berwin Leighton Paisner LLP on increasing flexibility in work.

  • Ömer İsvan, President, Servotel Corporation on working with a new generation of talent.

  • Wolfgang Neumann, President & Chief Executive Officer, The Rezidor Hotel Group on company leaders connecting with Gen Y staff on social media.

If you’ve been sent to this page and you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do see here. It’s free.

Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interview from industry conferences such as the IHIF conference as well as specific Hospitality Channel shoots.

Briefing: Women at the top

Although women have always accounted for over 50% of the hospitality workforce, this has typically been disproportionately towards the bottom of the pyramid. Things are gradually improving with women being promoted into C level roles, but there is still plenty of work to do to address the gender gap. In this briefing we speak to three women who have built successful hospitality careers about what the industry can do to bring more diversity at the top.

Comment from:

  • Kathleen Matthews, Chief Communications & Public Affairs Officer, Marriott International Inc on why women are still disproportionately represented in the hospitality industry

  • Karen Friebe, Partner, Berwin Leighton Paisner LLP, on why women need more role models in the industry

  • Wolfgang Wienz, Senior Technical Specialist, Hotels, Catering & Tourism, International Labour Organization on whether the industry can overcome gender gaps

  • Elizabeth Winkle, Managing Director, STR Global on how women in the industry would benefit from mentor relationships

If you’ve been sent to this page and you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do see here. It’s free.

Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interview from industry conferences such as the IHIF conference as well as specific Hospitality Channel shoots.

Briefing: the future of Europe

An established market like Europe is one which comes with intrigue, pitfalls and opportunity. The harsh reality of the recession has allowed businesses to reassess and re-analyse growth strategies for their organisations.

There is no doubt that Europe is a complex environment with huge opportunities in certain markets, next to markets which you would struggle to understand any involvement at all. In this briefing we hear expert opinions on the European market and the optimism they see for the continent. Including comment from:

  • Majid Mangalji, President of Westmont Hospitality Group on the difficult times Europe has faced
  • Philippe Baretaud, SVP – Head of Development Europe, Middle East & Africa for Accor SA on exponential expansion for Eastern Europe
  • Patrick Sanville, Director – Hotels of BNP Paribas Real Estate on the silver lining the recession has bought
  • Nick Skea-Strachan, Partner – Hotels of Berwin Leighton Paisner LLP on Southern Europe continuing to struggle
 


If you’ve been sent to this page but you’re not yet on the circulation list to receive these regular briefings and you would like to sign up, you can do so here. It’s free.

Video clips produced by ybc.hpgcms.wpengine.com for the Hospitality Channel, including interviews from industry conferences such as the IHIF conference as well as specific Hospitality Channel shoots.

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