The CEO Forum took place today at Dublin Castle yesterday. The event saw 300 of Ireland’s leading CEOs address a number of issues facing today’s business leaders.
The CEO Forum is co-hosted by Enterprise Ireland and Deloitte and focuses on how Irish firms can attract and retain the very best Millennials (<35) into their workforce.
Yesterday's “Millennial” panel was made up of well-established and successful young employees - Louise Morrissey, Senior Executive EMEA, Google; Liam Ryan, Enterprise Sales Executive, Boxever; Ciara O’Hara, HR Manager, Ding; and Gráinne Ní Hódhráin, Tax Senior at Deloitte and Chair at Chartered Accountants Student Society Ireland.
Prior to the event, CEO Forum attendees were asked to complete a survey which looked at, in order of importance, the financial and non-financial benefits that come into play when attracting and retaining the absolute best young achievers or “Millennial” employees.
These included considerations from “Salary” to “Company Reputation” to “Pleasant Work Environment” to “International Travel”.
A majority of the CEO respondents reported that “corporate reputation”, “salary” and “career development” are the most important elements in attracting and retaining the absolute best young achievers employees.
However, according to those firms trying to recruit them, millennials appear to have less interest in other financial benefits such as “bonuses”, “pensions”, “share options”, “health insurance” or “company cars”.
CEO Enterprise Ireland, Julie Sinnamon commented, "We know from working with Irish companies that those firms that take a formal approach to leadership development grow faster. These survey results support that experience.
"We will continue to support leadership development within Irish owned companies, but we all need to be more pro-active in how we develop, attract and retain key skills if we are to win the war for talent and grow more Irish companies of scale."