According to a recent study by Leadership IQ, the biggest statistical driver of workplace satisfaction for workers between the ages of 21-30 is whether their supervisor recognizes and praises their accomplishments.
Only 30% of workers ages 21-30 would strongly recommend their organization as a good place to work. Interesting contrast is that 47% of workers ages 61-70 would strongly recommend their organization as a good place to work, making them the most satisfied age group.
This study also found that younger workers do not feel they are getting nearly enough praise and recognition. Only 39% of these younger workers agreed that their supervisor does a good job of recognizing and praising their accomplishments. Keep in mind that when it comes to retaining younger workers praise and recognition does not cost your organization anything.
According to the survey younger workers want praise and the older workers want clear measures of their performance.
Another take away from this survey is that one management style does not fit all employees. This is also true when it comes to recruitment. Each age group is motivated differently and must be considered to attract and retain both younger and older workers.