Generation Y
Recommendation: Generation YFor the problem that Kotra Pharma facing is the increase of turnover rate in their organization. One of the factors that affect the turnover rate is an attitude of Generation Y towards their job. The Generation Y is also known as Millennial Generation, classically has less employment stability than older age groups. They are actively looking for a new job opportunity while they are working with the organization. The Generation Y tends to stay with an employer for an average of three years and they will open to a new job opportunity. For this generation, they are young professional that fresh out from their school. As they know that their unique skills and abilities will leads to an organization move forward, they feel that much of organization need them and they start to find for another job to get higher benefit. Besides, for meeting the higher job satisfaction, the millennial will keep on finding a new job. For the millennial who finding a new job while they are still working with an organization, sometimes they will take leaves for going to interview for new job such as emergency leaves or medical leave. Some of them absence without any reason and some are trying to go for interview during their lunchtime. The attitudes of millennial towards their job have become worst and this may lead to the decrease of organization performance. With this, the turnover rates become higher from year to year in Kotra Pharma. For reducing the turnover rates in Kotra Pharma, it is needed to keep millennial to stay longer in Kotra Pharma.
First, the change should start from the hiring process to reduce the millennial turnover. The interviewer should not make a rigorous hiring process, he/ she should given a trial period of 2-3 weeks for employees and evaluate the performance. While having the trial period, the in charge person should give some challenging tasks to the employee and assess how their performance on those task. After the period, the manager only decide whether want to hire the person or not. With this, it can help the in charge person to understand that whether the person can stick with the organization or not.Besides, providing a daily feedback from millennial can lead to more understanding about millennial towards their job tasks. It is important to have feedback from employees either it is formal or informal. In many cases, a lack of feedback from employees may affect the disengagement of employees and it may result in organization turnover. For millennial, they will not question anything to their supervisor or manager when they facing problem in the organization. They will just quit the job when they unable to solve the problem in organization. An accurate, honest feedback from them is very important for retaining millennial from a job. A feedback may keep the employees happy and satisfy with all of the benefit that given by the organization. Feedback from millennial especially informal may lead them to be more honest and comfortable during the talk. When mentioning things, make sure the in charge person telling then positive and also negative. This is the way to prove to millennial that the in charge person is in same level with them, so that they will more interesting when talking to them.