Abstract
The project seeks to find the correlation between retention and labor expectations of the Millennial workforce in Mexico. The study was done with a sample of 422 workers between the ages of 18 and 37, at several types of companies in Mexico, that are experiencing a high rate of staff turnover. The retention and stay-at-work questionnaires were first validated through an exploratory factorial analysis. Subsequently, models were created using the multiple linear regression technique. The results show that work expectations, such as personal and organizational factors are important for staff retention. In addition, our findings are compared with others obtained and a list of recommendations for the development of organizational strategies is proposed as a means of employee retention.
Highlights
1.1 The Millennial GenerationThe work force is an essential element for the development of economic activity in any country
Barlett's sphericity test was calculated which contrasts the null hypothesis that the correlation matrix is an identity matrix, in which case there would be no significant correlations between the variables and the factorial model would not be relevant
As demonstrated through the regression analysis, there is a relationship between the expectations of millennials and retention variables
Summary
1.1 The Millennial GenerationThe work force is an essential element for the development of economic activity in any country. These technological advances include electronic communication devices (TV, computers, cell phones, tablets, etc.) and computer development that is related to communication (social networks, online purchases, electronic banking, etc.) This is a generation that has experienced a relative abundance of resources generally coming from its parents as the Gross Domestic Product (GDP) increases in most countries, but especially in North America (Canada and the United States), as well as in Europe. This phenomenon has been reported in Latin America, but to a lesser degree. This generation is educated under global currents that promote the best use of natural resources, respect for human rights, the integral development of the person, etc
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