A couple of interesting bits from my news reader from the past week:

The changing face of the global labour market

From Auckland, NZ: Generation Y Full of Demands

A finance and accounting recruitment firm is firing a warning shot at a lazy element amongst Generation Y job seekers.

The agency Robert Half says it was shocked when an applicant handed over a list of demands, instead of a CV. The woman wanted $15,000 over the going rate, cash for her exam fees and a short contract so that she could do her OE.

More Gen Y & Finance

From The Motley Fool: Who can save Financials Now?

Generation Y certainly can’t change the financial industry overnight — not even Superman could fix the years of lax practices that have led to the current debacle. But with their large numbers, Generation Y certainly can be key to a turnaround in the financial world.

Tips for Employers on managing multi-generational offices

From The Financial post: Restructure to be cross-generational

Here are a few basic changes employers can adopt to recruit and retain Gen-X and Gen-Y workers:

• Restructure leadership to be cross-generational. Gen-Xers demand challenging but balanced work assignments. Gen-Yers expect high perks in exchange for loyalty;
• Restructure compensation, benefits and incentives to satisfy each generation. The Baby Boomer one-size-fits-all won’t work;
• Expand communication strategies. Stop relying so much on corporate communication, but make communication available in multiple formats;
• Make mentoring a natural part of the management structure, with flexible mentoring models.

(I fixed the formatting on that last one. Text is unaltered.)

Tags: finance, generational shift, job interviews, News, tips for employers