SLYP Presentation

Business Case: Sara Lee Young Professionals (SLYP) Affinity Group April 10, 2008

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SLYP Introduction ,[object Object],[object Object],[object Object],[object Object]

Executive Sponsor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object]

The Millennial Generation ,[object Object],The age range of the U.S. workforce spans approximately 60 years and is usually broken out into the following categories: SLYP

The Millennial Generation ,[object Object],[object Object],[object Object],[object Object],SLYP

The Millennial Generation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SLYP

Key Issues ,[object Object],[object Object],[object Object],[object Object],[object Object]

Develop Young Talent = (+) bottom line ,[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits of Developing Talent Internally Total Cost of Turnover for Various Positions

Addressing a shrinking workforce Workforce by Age, 2006 ,[object Object],In addition to the rapid growth rate of older individuals still in the workforce, the retirement of the Baby Boomers will cause the percentage of U.S. retirees per worker to rise by more than 52% by 2025 Workforce Projections, 2006-2016

Working Effectively Across Lines of Difference ,[object Object],[object Object],[object Object],[object Object],[object Object]

Loss of Young Professionals ,[object Object],Most Frequent Reasons that Employees in the Consumer Goods Industry Leave their Job (U.S. Employees Ages 23-29, N=29) Reason for Leaving Percent of Participants Indicating Reason Was a Contributing Factor in Their Decision Insufficient opportunities for career advancement 55.2% Poor people management 41.1% Insufficient personal development opportunities 37.9% Insufficient work/life balance 31.0% Total compensation not competitive 31.0% n = 826

Background ,[object Object],[object Object],[object Object]

Why create an Affinity Group? ,[object Object],[object Object],[object Object],[object Object]

Benefits for Young Professionals ,[object Object],[object Object],[object Object],[object Object]

Who We Are ,[object Object],[object Object],[object Object],[object Object],SLYP

SLYP Mission ATTRACTS Young Talent DEVELOPS Young Talent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sara Lee Young Professionals Mission To provide a voice for Sara Lee Young Professionals and to foster a culture that: RETAINS Young Talent

The Millennial Generation - Diversity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SLYP

What We Bring To The Table ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Looking to the Future ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SLYP

Looking to the Future ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],SLYP

Steps to creating an environment conducive to Young Professionals: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],SLYP Works Cited

Connecting Across Generations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Work styles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],World events ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Family focus 1981 – 2000 1965 – 1980 1946 – 1964 1922 – 1945 Born between Echos, Nexters, Generation Y Baby bust X’ers The Me Generation The Sandwich Generation The Silent Generation, Traditionalists, Seniors Also known as Millenials Generation X Baby Boomers The Veterans Characteristic

Connecting Across Generations (cont’d.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits desired ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Motivated by ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Employment characteristics Millenials Generation X Baby Boomers The Veterans Characteristic

Trends in Promotion Organizations promote approximately 10.5% of their workforce annually. Figure 3: Time on the Job Needed to be Eligible for Promotion (N=1145)

Networking ,[object Object],Channels Most Used and Trusted by Employees Ages 23-29 in the Consumer Products Industry: Most utilized channels Most trusted channels 1. Non-targeted, third party online site 1. Current employee of the organization 2. Magazines or newspapers 2. Use of the organization’s products or services 3. Organization Website 3. Friends/family 4. External search firm 4. Job ads through a non-targeted, third party online site 5. Friends/family 5. Organization website

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