Balancing Work and Life with Modern Workplace: Winning the Talent War with Generation Y

“Balancing Work and Life with Modern Workplace: Winning the Talent War with Generation Y”

Generation Y is the latest workforce joining the labor market, and companies must accommodate their demands for a better work-life balance to attract and retain the best talent. A study by Deloitte found that 80% of Generation Why workers prioritize work-life balance, and 60% would leave their job if it does not meet their needs, according to a PWC study.

A modern workplace offers the flexibility and communication tools that Generation Why demands, including remote work and flexible schedules. A FlexJobs study found that 70% of employees believe remote work makes them happier and more productive. Tools like #Smartsheet and #Miro help companies improve collaboration and productivity while reducing physical workspace. #LighthouseConsultings is a specialist in providing services and being a partner to these platforms.

In addition to tools, companies must focus on creating a social network for employees to interact and strengthen relationships. Forbes found that companies with a strong company culture have 50% less turnover compared to those with weak company cultures. This can be achieved through spaces like game rooms and break rooms.

Embracing the modern workplace and prioritizing work-life balance can help companies win the talent war with Generation Why. A Harvard Business Review study found that companies with high-performing cultures had twice the revenue growth compared to those with low-performing cultures.

In conclusion, a modern workplace offers the flexibility, communication tools, and social network that Generation Why demands for a better work-life balance. By embracing this new way of working and partnering with #LighthouseConsultings, companies can attract and retain the best talent, improve collaboration and productivity, and be well-positioned for success in the future.
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