NORMA eResearch @NCI Library

Retention of Millennials in the Financial Industry in Ireland: What Organisations Must do to Retain their Millennial Talent

Morning, Michael (2020) Retention of Millennials in the Financial Industry in Ireland: What Organisations Must do to Retain their Millennial Talent. Masters thesis, Dublin, National College of Ireland.

[img]
Preview
PDF (Master of Arts)
Download (979kB) | Preview

Abstract

Millennials have surpassed Baby Boomers in terms of numbers in the workplace worldwide. They have very different expectations of their employers than previous generations and a different perspective on organisational loyalty (Shufutinsky and Cox, 2019). This study examined what millennials deem the most important retention factors that would enable them to remain with an organisation, within the financial industry in Ireland. It also examined what creates meaning for millennials to enable retention and what managerial behaviours facilitate retention. A survey was conducted with a total of 104 responding to this request. It was found that pay, a work life balance and a job ability match are the most important factors with the ability to save for the future, job significance and a job ability match critical to create meaning to stimulate retention. Managers showing personal concern for millennials and organisational members was the most important managerial behaviour to aid retention. A number of recommendations are made based on these findings as the aim of this study is to help organisations understand how to retain their millennial talent.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management
H Social Sciences > HD Industries. Land use. Labor > Issues of Labour and Work > Staff Turnover
H Social Sciences > HD Industries. Land use. Labor > Issues of Labour and Work > Talent Management
Divisions: School of Business > Master of Arts in Human Resource Management
Depositing User: Dan English
Date Deposited: 02 Feb 2021 11:32
Last Modified: 02 Feb 2021 11:32
URI: http://norma.ncirl.ie/id/eprint/4615

Actions (login required)

View Item View Item