The Millennial generation (« generation Y ») will comprise half of the workforce by 2018 (source:US census bureau). They will bring with them new cultural values. For example they do not expect to work one place until they retire. They tend to switch jobs within their first 3 years.
So retention will become a major issue for companies as well as recruiting these people as some of the more talented one do not want to be found by recruiters. The inconvenient truth is that the best people in every field are quite simply never on the market. That is why companies need to partner with search firm to help them locate, convince and assess the best talent on the market.
Charles-Henri Dumon , CEO & Founder of Morgan Philips Group