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Special Accommodations

Much has been written about Generation Y (a.k.a., "Millennials"), a group defined roughly as individuals who were born in the late 1980s and 1990s. They are also the generation that will comprise 40% of the workforce by 2020 as the Baby Boomers fade into senior- and assisted-living communities. The Wall Street Journal wrote about this subject a few weeks ago, and it found that many employers are experiencing higher turnover of Millennials because this group feels that there is too much bureaucracy, not enough communication or utilization of their talents and not enough fun! Gen Y would also like the option to leave the office at 2:00 PM and continue the work day at the local Starbucks. The rub for Boomers is that more companies are jumping through hoops to accommodate Gen Y demands for faster promotions, greater responsibilities and more flexible work schedules. However, there is more to this than just a new generational attitude; it is also the confluence of the Gen Y bubble, its fresh attitudes and new approaches using explosive new technologies and cloud-based platforms that enable an approach to business with incredible flexibility. Any employer or co-worker who doesn't get this new organizational paradigm is in for a rude awakening.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

THE ARC COS.
Controller
(NEW YORK CITY) The controller will be responsible for all accounting and reporting activities, manage and supervise all day-to-day accounting operations and supervise a team of two staff members. In addition, this position will be responsible for preparing financial statements, forecasts and other financial reports; planning, coordinating and implementing the annual budget process; maintaining capital account balances; managing all financial transaction recording and reporting for the real estate portfolio; and establishing internal audit programs to ensure compliance.