Given these data points, it is obvious that the old paradigms of motivation and recognition used by managers and HR will not work with the millennial mindset. Also, 85% of managers surveyed recently believe that this group has a stronger sense of entitlement than any generation before. Millennials are also very tough to please and retain - 56% expect a promotion within a year and 91% expect to stay in a job for less than 3 years. In fact, 15% of them are already managers. A recent infographic created by Badgeville summarized some of the revealing statistics about this generation - millennials make up 25% of the workforce today and will become 75% of the global workforce by 2025. On one hand, we’re seeing the rise of the millennials across the workforce. But this has become more challenging than ever as we’re seeing a dramatic shift in the workplace demographics in the US and across the world. Never before in history, from the industrial revolution to the current digital evolution, have employers faced a larger challenge in recruiting employees faster and retaining them year over year.Ĭompanies are constantly under immense pressure to find new, effective ways to engage employees - and keep them engaged - to spur growth, reduce turnover, preserve talent and maintain a competitive advantage. There is nothing new or revolutionary in this perspective but why was Mr. Simply put, he was reaffirming the fundamental formula for any successful business – keep employees happy, who in-turn, will keep customers and you will eventually win. Considering that Oracle ships more than a hundred software products across the application landscape, it indeed was surprising and interesting that he anointed HCM and Customer Service as the first-among-equals in his portfolio. He kicked off his keynote with this nugget - “It’s all about people,” he said, noting that the two most important applications inside a modern enterprise are Human Capital Management (HCM) and Customer Service. Ellison did not disappoint on this front. The highlight of the event, for myself and many attendees, was being able to listen to his always unique and interesting vantage points on the software industry in person.Īnd Mr. The big attraction at the event was the last-minute keynote addition by Larry Ellison. Last week, I had a chance to attend Oracle Cloud World and interact with a number of Oracle partners, prospects and customers. Author: Chandar Pattabhiram, Badgeville.īusiness to Human (B2H): The Future Enterprise.
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