Written on 08 June 2015.
Every organisation competes to attract young, innovative, high-potential talent, but with millennials staying in their first job an average of just 20 months, few companies successfully retain the Gen Y rockstars of today who will become the business leaders of tomorrow.
EDHEC Business School hosted the Employer Partners’ Breakfast in London on 22 May for the third consecutive year. More than 40 HR and Recruitment professionals attended the event to hear insights from the EDHEC’s NewGen Talent Centre’s comprehensive three-part study on the difficulty of retaining young talent.
Presented by the Centre’s Director, Manuelle Malot, the study surveyed 1,500 young graduates of varying nationalities, sectors and functions throughout Western Europe. Exploring topics such as career objectives, key motivations for leaving or staying in a role, and communication and development preferences, the study is the first of its kind to also undertake a major evaluation of the effectiveness of graduate programmes in particular.
“We partner with many leading FTSE-100 companies to recruit for their competitive graduate programmes,” said Sana Chakir, breakfast attendee and Client Services Director for the international recruitment firm, Global Career Company, “Companies invest substantial resources both in attracting and recruiting the best graduate talent and in running these high-touch graduate programmes. When young graduates then leave the company in less than two years, these companies suffer a great loss, both in financial terms and also in terms general team morale and cohesion. The insights presented by EDHEC’s NewGen Talent Centre today are absolutely invaluable to helping companies stem that loss, and successfully integrate and retain their highest-potential talent.”
EDHEC Business School is committed to partnering with businesses world-wide to deliver practical and relevant insights and solutions to optimise performance and fuel growth.
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