BRAZIL GEN Y AND THE WORLD OF WORK A report into the workplace needs, attitudes and aspirations of Gen Y Brazil 1 GEN Y AND THE WORLD OF WORK CONTENTS FOREWORD3 SUMMARY OF OUR RESEARCH 4 1. GEN Y BRAZIL AND THE WORLD OF WORK 6 2. LEADERSHIP 10 3. ENTREPRENEURSHIP 14 4. ATTRACT 16 5. RETAIN 20 6. TECHNOLOGY AND SOCIAL MEDIA AT WORK 24 ABOUT HAYS 26 SELECT BIBLIOGRAPHY 27 2 GEN Y AND THE WORLD OF WORK FOREWORD With a Gross Domestic Product (GDP) of US$2.253 trillion, Brazil is currently the world’s seventh wealthiest economy.1 It was heralded one of the global success stories of the first decade of the 21st century—named by Goldman Sachs in 2001 as one of the four countries that make up the ‘BRIC’ emerging economies, Brazil saw double-figure growth in GDP for much of the 2000s. A roll call of successes followed: poverty (people living on US$2 per day) plummeted from 21 per cent of the population in 2003 to 11 per cent in 2009; extreme poverty (people living on US$1.25 per day) also fell from ten per cent in 2004 to 2.2 per cent in 2009.2 In the same period, the income growth rate of the poorest ten per cent of the population was seven per cent per year, while that of the richest ten per cent was 1.7 per cent,3 helping to reduce income inequality. In common with many leading global economies, the years since 2010 have not been so kind. GDP growth of 7.5 per cent decelerated to 2.7 per cent in 2011 and dropped to 0.9 per cent in 2012 before stabilising again at around two per cent.4 However the optimism engendered by the unprecedented success of the previous years was not shed so easily. Brazil is currently in the global spotlight, hosting the World Cup in 2014 and the Olympic Games in 2016. And while street demonstrations broke out in 2013 demanding greater public investment in health, education and transport, the protesters’ demands were largely met by President Dilma Rousseff.5 Meanwhile employee wages continue to rise in both the public and private sectors.6 Our Gen Y Brazil sample are positive and keen to develop and grow, although there are significant structural challenges ahead of them. They are entering the world of work comparatively late. Almost one in five (19 per cent) are unemployed and looking for work and 14 per cent have not started working since completing full time education. The government’s generous response to social unrest—cutting taxes and increasing spending on social safety nets—has resulted in alarming budget deficits and high inflation, exceeding the Central Bank’s 6.5 per cent ceiling in mid-June 2013 and forcing an increase in interest rates across the country. These problems are a far cry from the devastating 2,100 per cent hyperinflation of the 1980s and early 1990s,7 but the current issues are still enough to cause jitters in the economy and harm job creation. Where does all this leave Gen Y Brazil? Despite these challenges, they still have higher wages, greater job prospects, and stronger job security than any previous generation,8 along with employee rights backed up by seemingly ever-strengthening employment legislation.9 As such, our survey finds them expecting more than just a salary from their current and future employers. They have grown up used to seeing their country develop rapidly and play a greater part on the global stage. This means they have lofty ambitions for their own careers that go well beyond just acquiring personal financial wealth. James Cullens Group HR Director Hays GEN Y AND THE WORLD OF WORK 3 SUMMARY OF OUR RESEARCH ABOUT OUR SURVEY GENDER SPLIT For our seventh Hays report on the needs and aspirations of Gen Y worldwide, we asked young people in Brazil to tell us how they see their future at work. A total of 1,000 members of Gen Y Brazil answered our survey. 22 per cent are still in full time education, the highest out of any country surveyed so far. However, 40 per cent are working full time, also well above average, and the majority of this group say that it is not their first full time job. Male 49% This research explores what young Brazilian people look for in the world of work, what kind of career they aspire to, the rewards they expect and what gives them job satisfaction. It throws light on the kind of working environment they seek and the qualities they look for in their bosses. Female 51% AGE SPLIT 7.6% 8.3% 8.1% 7.6% 7.8% 6.7% 7.1% 7.7% 18 Finally the research reveals some insights into the way Gen Y Brazil relate to social media and technology. The findings are invaluable for HR departments and organisations seeking to recruit, motivate and retain Gen Y Brazil as part of their workforce. 9.4% 7.3% 7.6% 6.3% 8.5% 19 20 21 22 23 24 25 26 27 28 29 30 REGIONAL REPRESENTATION 24% 8% 6% 6% 6% 5% 5% 4% 3% 3% 3% 2% 2% 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% Sã M oP in au as lo Ge ra Pe B is rn ah am ia bu co Ri o Ce de a Ja rá Ri ne o Gr P iro an ar de an do á Su Sa l nt a C Pa Ri at rá o a Gr rin an a de Go do iás M N a Di to orte st G r rit o o ss Fe o de Pa ral ra íb Es a pí P rit iau o í Am San az to o Al nas ag Ro oa nd s ô Se nia M rg at M i o Gr ara pe os nh so ão d To o Su ca l nt in s 10% 4 GEN Y AND THE WORLD OF WORK YEARS IN WORK 37.8% 18.9% 15.0% 14.2% Over 3 years Not started working since completing full time education 9.5% 4.6% 13–24 months 0–12 months 25–36 months Still in full time education CURRENT WORKING STATUS 30.8% 22.1% 19.0% 8.5% 8.1% 7.7% 3.8% Working full time—not first full time job (35 hours per week or more) Student/ in full time education Unemployed and looking for work Working full time—in first full time job (35 hours per week or more) Other Working part time (up to 35 hours per week) Intern PROFILE OF RESPONDENTS A total of 1,000 18–30-year-olds living in Brazil answered our survey. 19 per cent of respondents said they were unemployed and looking for work, and a further eight per cent are only working part time. However, 31 per cent are working in a full time job that is not their first, compared to a cross-country average of 21 per cent. Significantly, 15 per cent say they already have their own business, nearly double the cross-country average. Regionally, nearly a quarter of respondents hail from São Paulo, ten per cent from Minas Gerais and there is a fairly even split across the other regions thereafter. GEN Y AND THE WORLD OF WORK 5 1. GEN Y BRAZIL AND THE WORLD OF WORK Brazil is at a crucial stage in its evolution from a developing country to an economic powerhouse. Rapid economic growth in the first decade of the 21st century saw poverty almost halved.10 Then came the global economic crisis and a steep deceleration in GDP growth, bottoming out at 0.9 per cent in 2012. While it recovered slightly to 2.3 per cent in 2013, analysts predict it will drop below two per cent again in 2014.11 The years of high growth arguably are now over. However, salaries have continued to grow year on year, even during the global recession of 2008, and average income hit a record high in November 2013. Conditions for workers, many of which have been implemented by the incumbent president Dilma Rousseff’s Workers’ Party, have also been improving, with high rates of pension support, holiday allowance and unfair dismissal payments.12 GEN Y BRAZIL’S IDEAL BOSS: 53% COACH/MENTOR 44% LEADER 40% CONFIDANT/ DISCUSS PRIVATE & WORK MATTERS Against this context, we have found Gen Y Brazil to be a group with unique priorities when it comes to work and careers. They don’t see money as the focus—acquiring knowledge and expertise (chosen by 58 per cent), gaining personal recognition (43 per cent) and making a difference to society (35 per cent) are all rated as more important than personal wealth when it comes to what they want most from their work. Brazil is the only country we have surveyed where that is the case. A NEW RELATIONSHIP WITH LEADERS 22% FRIEND 19% ADVISOR 6 GEN Y AND THE WORLD OF WORK 9% PEER 6% DIRECTOR/ ALLOCATOR OF WORK Brazil may be a traditionally patriarchal society and an economy based on familyrun businesses, but female leadership in the country is strong and may be having an effect on attitudes to management. Not only does the country have a female president but women make up 27 per cent of the senior managers of Brazil’s leading companies, compared with a 29% WOULD LIKE TO WORK IN BRAZIL BUT WITH INTERNATIONAL TRAVEL INTERNATIONAL WORK OPPORTUNITIES ANY KIND OF INTERNATIONAL TRAVEL WORKING AND LIVING OVERSEAS 25% 20% WORKING IN BRAZIL BUT ON INTERNATIONAL PROJECTS NO KIND OF INTERNATIONAL TRAVEL 14% 12% global average of 21 per cent.13 And while Brazilians in our survey were more likely to describe their ideal boss as a leader than many of their global contemporaries, there are even more that want a coach or mentor at 53 per cent. This is the joint highest of all countries surveyed alongside Canada. A strong contingent also see their ideal boss as someone they can confide in and discuss personal matters with. ENTREPRENEURIAL AMBITIONS Gen Y Brazil are very interested in becoming entrepreneurs, and a significant proportion have already started their own business. 92 per cent have, or are interested in having their own business, despite the fact that Brazil rates poorly internationally in terms of the ease of starting up a business, especially with regard to restrictive bureaucracy. It now ranks 123rd out of 185 countries, down from 121st in the year before according to The World Bank.14 As with many aspects of Gen Y Brazil’s attitude however, this is not seen as an insurmountable barrier and they remain highly ambitious. Almost twice as many as any other country surveyed identify themselves as selfemployed, and 88 per cent are interested in some form of international work. We also found that almost every individual surveyed in Brazil expressed a willingness to study in order to further their career. Whether in their own business or for an employer, Gen Y Brazil show every sign of wanting to develop continually and take control of their own destiny. LOOKING FOR MORE THAN FINANCIAL REWARD Despite the hardships their parents and grandparents may have experienced, money is no longer the primary motivator for Gen Y Brazil. In terms of rewards and benefits, our survey found that base salary is less important to Gen Y Brazil when choosing a job than the possibility to work flexible hours (49 per cent versus 42 per cent). It is followed closely by private healthcare, the possibility of working from home and finally the potential to earn a bonus (which is also significantly below the global crosscountry average). When asked to define GEN Y AND THE WORLD OF WORK 7 1. GEN Y BRAZIL AND THE WORLD OF WORK REWARDS & BENEFITS FIVE MOST ATTRACTIVE REWARDS AND BENEFITS: 49% 42% 41% FLEXIBLE WORKING— WORK FLEXIBLE HOURS BASE SALARY PRIVATE HEALTHCARE career success, only 33 per cent chose creating personal wealth, placing it fourth behind job satisfaction, work-life balance and professional recognition. This is a generation that want more from life and work than just monetary compensation. FOCUSED ON PROGRESSION Gen Y Brazil want a fast-developing, challenging career with the ability to progress both personally and professionally. And they may not be willing to hang around for too long to get it. Brazil has one of the highest rates of employee turnover in the world,15 and our survey also finds that Gen Y Brazil are more than twice as likely to expect to have more than ten employers in their career compared to the cross- 8 GEN Y AND THE WORLD OF WORK 40% FLEXIBLE WORKING— WORK AT HOME country average. There is a significant brain drain effect too, with as many as 140,000–160,000 Brazilian degree holders leaving the country every year,16 an average of 32 per cent according to figures from Ernst & Young.17 With the growth in earnings seen across Brazil in recent years, personal development opportunities may be becoming harder to find than fair salaries, and so are more highly valued by Gen Y Brazil. HARD TO TEMPT WITH TRADITIONAL BENEFITS Traditional employment benefits are simply not that appealing to Gen Y Brazil, which may well be due to an employee-friendly legislative and social welfare landscape. For example, only six 39% POTENTIAL TO EARN BONUS per cent of respondents said pensions were one of the things they were most likely to look for when choosing a job. Importantly, Brazil is ranked number two in the world for maintaining retirees’ incomes by one prominent American economic think tank, perhaps making this less of an issue for Gen Y Brazil.18 Average earners receive a pension that reflects 97 per cent of their final salary.19 Holiday entitlement too is unlikely to turn many heads in the Gen Y Brazil cohort, again most likely due to legislation that sees all employees entitled to up to 30 days’ holiday after only one full year of work.20 However, one employment benefit that is highly valued is private healthcare (more popular even than amongst the Gen Y US survey sample), perhaps unsurprising considering government SATISFACTION AT WORK: 49% 48% 45% 32% LEARNING AND DEVELOPMENT OPPORTUNITIES FEELING VALUED AND APPRECIATED FINANCIAL REWARD FEELING LIKE YOU HAVE MADE A POSITIVE CONTRIBUTION health spending per person in Brazil ranks well below the OECD average.21 SOCIALLY MOTIVATED Gen Y Brazil seem to have a desire to change their society. As the generation that have already taken to the streets to protest against corruption, poor public services and lack of investment in health and education,22 Gen Y Brazil are not afraid to make their interests clear. Our survey finds that a job that helps others (chosen by 30 per cent) is actually wanted more than work that rewards with personal wealth (29 per cent)—and making a difference to society beats both (35 per cent). After experiencing an under-funded education, Gen Y Brazil also look to the world of work to help them continue their education and development according to our survey. Learning and development opportunities are more than twice as important as having varied and interesting work to Gen Y Brazil, and acquiring knowledge and expertise is one of the most desired career goals for over half of those surveyed. TECHNOLOGICAL EARLY ADOPTERS Brazil may technically be classed as a middle-income country by the World Bank,23 but it ranks amongst the world’s highest in terms of internet use and social media activity. Of the country’s circa 78 million internet users, 79 per cent are on social media platforms, and they are the world’s second-biggest users of Twitter. 24 In 2013, Brazil had more than 65 million Facebook users—second only to the number in the US—while over 30 million still use Google’s Orkut social media site.25 Although much of the developed world seems to be reducing the time it spends on social media, Brazil is one of the few places where usage is going up. However, running in parallel to this enthusiasm is a growing unease as to how this translates into the workplace. A significant percentage of our survey (88 per cent) agreed that technology is blurring the lines between work and social life. They predict that social media will be one of the most popular forms of at-work communication in five years’ time, yet only six per cent believe social media is a helpful tool at work right now. GEN Y AND THE WORLD OF WORK 9 2. LEADERSHIP Brazil’s economy is in a state of transition and leadership styles are evolving along with it. Historically it has been primarily agriculture-based, driven by plantation-managed commodities such as coffee and soya beans—and family-run businesses make up a significant part of this. They represent an estimated 70 per cent of large business groups and over 90 per cent of all businesses.26 the government has deemed necessary to improve upon to be globally competitive.30 GEN Y BRAZIL’S IDEAL BOSS: 53% COACH/MENTOR 22% FRIEND 44% LEADER 19% ADVISOR The family remains so important to business culture that one Anglo-Brazilian business consultancy even advises carrying a photograph of your family with you in order to “demonstrate similar values” to the locals.27 The resultant leadership norm is therefore one of protecting family interests—tending towards promotion from within rather 10 GEN Y AND THE WORLD OF WORK 40% CONFIDANT/ DISCUSS PRIVATE & WORK MATTERS 9% PEER 6% DIRECTOR/ ALLOCATOR OF WORK than identifying talent from the wider workforce.28 This may inadvertently have limited the leadership talent pipeline in the country, which a study by the Levin Institute in 2010 concluded was the primary reason for the country missing out on international trade opportunities.29 Language barriers as well as the country’s vast geography may have been further limiting factors—only five per cent of Brazilians speak English, a factor Other studies have analysed Brazilian leadership too. Academics from the University of Pennsylvania have noted a traditional Brazilian leadership style that includes a tendency to establish hierarchies and centralise, coupled with a focus on short-term results and a lack of strategic planning.31 Further, Project GLOBE’s 2012 leadership study concluded that Brazil’s prominent leadership style can be described as ‘self-protective’, which they define as status-conscious, procedural and face-saving. Only 15 countries worldwide identified their leadership as such, of which seven were concentrated in Latin America.32 As Brazilian multinationals have become increasingly successful, however, global leadership norms are beginning to influence and change the Brazilian management style. There have been famous examples of outliers bucking the trend, most notably Ricardo Semler, the CEO of Semco who upon replacing his father as CEO in the early 1980s, did away with the incumbent management hierarchy.33 Our research reveals that Gen Y Brazil are looking for some changes too. While they display some interest in traditional leadership qualities—44 per cent describe their ideal boss as a leader—our survey also uncovers a generation with a different view on the world of work. A majority—53 per cent—describe their ideal boss as a coach/ mentor and a relatively high percentage of 4 MOST IMPORTANT QUALITIES IN A WORKPLACE LEADER: FAIR ABLE TO MOTIVATE OTHERS HUMBLE CONFIDENT 56% 50% 41% 29% Carlos Jereissati presents an interesting example of a modern Brazilian business leader that followed the traditional route. He is CEO of one of Brazil’s largest shopping empires, the Iguatemi Group. The company is a traditional Brazilian family business, built by Carlos’s father Ribeiro. Jereissati takes pride in following his father’s ‘hands-on’ style of management, which he describes as ‘firm and fair.’ His previous work experience was in a different family business, his grandfather’s wheat mill, before joining his father’s company. He has a fairly directive approach, believing that tough decisions should “always be taken by one person.” 34, 35 Gen Y Brazil want their boss to be a friend (22 per cent compared to a global average of 16 per cent). Furthermore, when asked to list the most important qualities in a leader, 56 per cent revealed they favoured fairness. Considering these dual desires of being led and being coached/mentored by a friendly figure, bringing the best out of Gen Y Brazil may benefit from a different approach to workplace leadership than the prevailing norm. A CULTURE OF LEARNING AND DEVELOPMENT Gen Y Brazil are looking for ongoing learning and development opportunities throughout their careers, and a leader who encourages this culture. Our research shows a clear hunger for knowledge and expertise, chosen as one of the most desired career goals by 58 per cent of respondents—nearly a third more than our average of other countries surveyed. And when asked about their ideal boss, Gen Y Brazil say they want a coach and mentor: 53 per cent chose this option as opposed to only six per cent opting for a director/allocator of work. Gen Y Brazil also want to be on friendly terms too, with 22 per cent describing their ideal boss as a friend, and 40 per cent wanting someone they can confide in/discuss private as well as work matters with, again higher than most other countries surveyed. The humble leader desired by Gen Y Brazil is in direct contrast to one of Brazil’s most famous oil barons, Eike Batista. The world’s eighth richest man in early 2012, he saw his wealth decrease 99 per cent by 2013. His company, OGX, had claimed it could pump 750,000 barrels of oil per day, when in fact it was managing no more than 15,000.36 He had frequently boasted that he would overtake Mexican Carlos Slim Helú to be the world’s richest man.37 Andreas von der Heydt of Amazon wrote an influential blog post about his downfall, saying: “Batista might leave a legacy of having been the greatest Icarus of modern times.”38 Wyre Davies of the BBC described his rise as mirroring that of Brazil itself, and it seems that his fall coincides with a sharp decrease in the general euphoria surrounding Brazil’s prospects.39, 40 GEN Y AND THE WORLD OF WORK 11 2. LEADERSHIP HUMILITY AND FAIRNESS ARE HIGHLY PRIZED Gen Y Brazil place a high value on a boss who is fair and humble. Our survey found that fairness is rated the most important quality in a leader by 56 per cent of Brazilian respondents, far higher than the US at 35 per cent. This comes above being able to motivate (50 per cent) or being decisive (20 per cent). Gen Y Brazil are unique amongst their global peers in one respect—they value humility. Being humble is a trait that 41 per cent particularly want to see in a leader (ranked third behind only ability to motivate and fairness). Outside Brazil, the cross-country average for this is only 14 per cent, making this a point of significant difference for employers to take account of. Brazil’s recent corruption problems could also have had an influence on Gen Y’s feelings about the qualities necessary for leadership and in particular, the importance of fairness. Brazil is ranked 72nd out of 177 countries in Transparency International’s Corruption Perceptions Index 2013, a poorer ranking than Saudi Arabia (63rd) and only just above Senegal (77th).41 The Brazilian Senate announced it would be cracking down on corruption in 2013, considering it a “heinous crime” accruing lengthy prison sentences (see box out in middle column).42 It is no wonder that the next generation are looking for something different. NOTICEABLE GENDER DIFFERENCES The relative importance of female leadership in Brazil is increasingly visible. For the last decade girls have outperformed boys at school, currently seeing 43 per cent of females successfully completing high school compared with 39 per cent of males45—and women now account for 60 per cent of all university graduates in Brazil.46 Our survey shows that female Gen Y Brazil respondents also have slightly different expectations when it comes to leadership. Fairness is recognised as a top priority by 55 per cent of women, 12 GEN Y AND THE WORLD OF WORK established part of the company culture. Brazil is starting to turn its back on corrupt leaders. In 2012, the Mensalao scandal saw Jose Dirceu, former Chief of Staff to the President, jailed for ten years for bribing coalition parties in order to gain congressional support. Joining him in jail were the former president and treasurer of the Worker’s Party, José Genoino and Delúbio Soares.43 According to a 2010 study by the Federation of Industries of São Paulo State, the average annual cost of corruption in Brazil is between 1.38 per cent and 2.3 per cent of the country’s total GDP. In 2013, this could have meant a cost between US$32 and US$53 billion or US$267 per citizen.44 compared to 47 per cent of men, while women also rate integrity more than men (26 per cent versus 22 per cent), as well as dedication to the company’s goals (15 per cent versus ten per cent) and being able to motivate (52 per cent versus 47 per cent) as leadership qualities they seek. As higher levels of gender equality embed into the Brazilian workplace, catering to these different desires will be important. IMPLICATIONS FOR HR Gen Y Brazil look for fairness and humility in a leader. They also want to be developed and value a culture where coaching and mentoring feature prominently. It is important therefore that companies with a significant employee representation of Gen Y’ers are willing to address this very visibly. If organisations are serious about attracting and retaining talented Gen Y Brazil employees they should consider how their leadership development programmes account for the softer management skills that this generation are looking for, especially if these sorts of relationships are not already an Ensuring line managers are trained to coach and mentor people is part of building a solid and relevant employer value proposition (EVP). Encouraging regular one on one development time is also key. A robust appraisal system will help to facilitate two-way performance conversations, both formally and informally. Publicising success stories in this space both internally, and then externally through social media, will help companies ‘walk the talk’ with their employee base and also ensure that they are tapping into the right talent pools with a relevant attraction proposition around training and personal development. It is also important for organisations to understand that Gen Y Brazil prefer a relatively close relationship with their boss: 40 per cent said that their ideal boss would be one they feel able to confide in and with whom they could discuss private as well as work matters. Helping managers develop the necessary listening skills will be important in this regard. Brazil is fast becoming a global leader in gender equality. Brazil has had a female leader— president Dilma Rousseff—since 2011. Consultancy Grant Thornton estimates women make up 27 per cent of the senior managers of Brazil’s leading companies, compared with a global average of 21 per cent (the UK manages only 20 per cent and the United States 17 per cent).47 Forbes calculates that 20 per cent of Brazil’s billionaires are women, compared with a global average of 10 per cent.48 In the workplace, this now sees a higher proportion of women in the labour force (59 per cent) compared to the likes of France (52 per cent) and Britain (57 per cent).49 : GEN Y AND THE WORLD OF WORK 13 3. ENTREPRENEURSHIP President Luiz Inácio Lula da Silva (colloquially known as ‘Lula’) was credited with pulling tens of millions of Brazilians out of poverty during his 1994–1998 and 2003–2011 terms in office. In so doing, he expanded the Brazilian middle class to over 50 per cent of the population.50 His ‘Growth Acceleration Plan’ was launched in 2007 to increase investment in infrastructure and provide tax incentives for faster and more robust economic growth. In the subsequent years, Brazil has witnessed a rapid increase in the number of start-ups created, and attitudes toward entrepreneurship have become increasingly favourable.51 The number of participants in Brazil’s Global Entrepreneurship Week increased from 1.5 million people in 2008 to 5.3 million in 2009, and Rio eventually hosted the Global Entrepreneurial Congress in 2013.52 This is perhaps a consequence of the optimism in Brazil’s economy ever since being proclaimed one of the important emerging BRIC economies, and our research shows that Gen Y Brazil are not likely to change this trend—they appear to be an entrepreneurial group.53 Small and medium-size enterprises (SMEs) are responsible for 96 per cent of all the jobs in Brazil,54 compared, for example, to the UK where they account for 59.3 per cent of employment.55 According to the Global Entrepreneurship Monitor, Brazil is above average within Latin America and the Caribbean in terms of perceptions of entrepreneurialism as a good career choice.56 However, despite these positive indicators, a complex tax system and stifling regulatory environment continue to act as barriers to entrepreneurs and threats to growth. Almost half (49 per cent) of start-ups fail in their first year57 compared to one in three in the UK58 and one in four in the US.59 According to the World Bank, Brazil ranks 123rd out of 185 countries in the ease of starting a new business (a poorer ranking than its 2013 listing of 121st): it takes 13 procedures and 117 14 GEN Y AND THE WORLD OF WORK days, paying at least four separate fees, to register a new business—compared to just six procedures and six days in the US.60 All of this is reflected in our Gen Y Brazil research: the desire is certainly there, but not necessarily the means. GEN Y BRAZIL ARE ASPIRATIONAL ENTREPRENEURS Gen Y Brazil show signs of clear and focused entrepreneurial goals: 92 per cent already have, or are interested in having their own business. Ricardo Semler may have inherited his business Semco from his father, but his radical style of business leadership, ownership and expansion has been distinctly entrepreneurial in style. Before taking over the business in the early 1980s, Semco was a rigidly hierarchical manufacturer of marine pumps.61 Inspired by the American company W. L. Gore’s matrix structure, in 1985 Semler created self-managed teams of six to eight production workers who were entirely in charge of all aspects of their production. This was followed by a democratically elected committee responsible for allocating profit-sharing, which led to the management taking a 40 per cent cut in salary and workers approving business expenditure. Associates now set their own salaries, which are publically posted.62 Semler’s book ‘Maverick’ became a management bestseller of the 1980s and 1990s, and Semco today operates a global portfolio of businesses across the service sectors, environmental consultancy, facilities management, real estate brokerage and inventory support industries.63 More than one in three (35 per cent) say that having their own business is one of their main career objectives, which is significantly higher than the average of all the other countries we have surveyed. Interestingly, 15 per cent of our sample are already self employed. This is a larger proportion than the other countries we have explored, although this could be due in part to historically higher levels of self-employment in Brazil and South America as a whole.64 According to the Global Entrepreneurship Monitor, Brazil has a business ownership rate of 15.4 per cent. This is high even for South America (Argentina has a rate of 9.6 per cent, Chile 8.5 per cent) and especially when compared to the US and the UK (at 7.5 and 6.6 per cent respectively).65 some of the bureaucratic blocks and barriers. The Brazilian Micro-Enterprise and Small Business Support Service (SEBRAE) distributes millions of dollars to start-ups, supported by organisations such as the government’s Financing Agency for Projects & Studies (FINEP), and has created a 400-strong business incubator network. In 2004, the Brazilian government even passed a law that allows federal university professors temporary leave to create a start-up.66 Despite ranking so low in the World Bank’s Ease of Doing Business list, the government appears to be seeking to capitalise on this desire for entrepreneurialism by removing As the fifth largest country on Earth in terms of land mass, bigger than the whole of Europe combined, Brazil understandably has some regional variations in attitude. Our 99% ARE STUDYING OR ARE WILLING TO STUDY FURTHER THROUGHOUT THEIR CAREER survey finds that entrepreneurialism tends to be higher the less developed a region is. For instance, in Pernambuco (one of the least developed regions in Brazil according With Rio de Janeiro soon to host unprecedented back-to-back FIFA World Cup and summer Olympic Games in 2014 and 2016, it could be a boom period for entrepreneurs in Brazil. According to Entrepreneur magazine, an Olympic host city typically needs 50,000 to 60,000 beds for visitors. The Morar Carioca regeneration programme will also open up many opportunities for entrepreneurs with the favelas of Rio receiving eight billion reais (US$426 million or £256 million) for urbanisation, building and infrastructure support until 2020.68 Alex Nascimento, founder of 7BrazilConsulting, said, “The next five years will be the hottest years for Brazil.”69 to the Human Development Index),67 the percentage of Gen Y who say having their own business is one of their main career objectives is 40 per cent. In São Paulo, Brazil’s most populous city, the number is only 28 per cent. This probably reflects the reality that it is easier to work for a corporation or bigger business in the main cities and fending for yourself is the norm in the further flung reaches of the country. GEN Y BRAZIL SEEK CONTINUOUS DEVELOPMENT Brazil has slipped from 53rd in the Global Competitiveness Index to 56th, with the World Economic Forum citing as the cause a failure to improve the quality of overall infrastructure and education, for which it is rated 121st out of 148.70 Poor educational standards may also be a factor holding back leadership capabilities in the country. Despite the educational challenges that the country faces (see boxout), our survey has found a generation who are highly motivated to progress their careers through further study. While this interest is common across all of our global sample—for example, 89 per cent of Gen Y Germans or 96 per cent of Australians are willing to study further during their career or are already doing so—for Gen Y Brazil the numbers are higher still, at 99 per cent. They also have the highest percentage of those already studying for a professional qualification, 22 per cent, compared to just seven per cent of Gen Y US and three per cent of Gen Y China. Gen Y Brazil are also highly interested in broadening their horizons with international work—88 per cent say they are interested in some form of international work compared to 73 per cent of Americans. However, a significant number would prefer to have a permanent base in Brazil rather than live and work overseas, an option chosen by 55 per cent. IMPLICATIONS FOR HR Our survey suggests that Gen Y Brazil are entrepreneurial in nature with a common desire to have their own business. They also show drive in the area of self-improvement, with a strong interest in training, development and career progression. Where possible and appropriate, companies should consider encouraging Gen Y Brazil’s entrepreneurial spirit through greater role autonomy and freedom to explore their ideas and suggestions in the workplace. This may take the form of specific project work which perhaps has a developmental aspect to it. Finding relevant challenges should help keep Gen Y engaged, satisfied and ultimately improve their performance. Gen Y Brazil also have a strong interest in international work, and companies able to offer this sort of opportunity will stand a better chance of bringing in the best talent. Again, this could be in the form of short-term projects or secondments with an international dimension—it doesn’t have to be overseas transfers which tend to be expensive and of a longer duration. If organisations wish to attract and retain Gen Y Brazil, they must ensure that a chance of progression and development is clearly outlined in the employer value proposition and evidenced in the workplace as part of the culture. If the initiative and entrepreneurial spirit that our survey reveals is harnessed by organisations, they can expect high levels of engagement, performance and innovation from this group and better, more productive long-term employer-employee relationships. In Brazil, only 41 per cent of adults aged 25–64 have earned the equivalent of a high-school degree, significantly less than the OECD average of 74 per cent.71 Brazil is ranked 33rd out of 36 OECD countries for overall educational attainment and the lowest for tertiary education, with only 12.7 per cent of 25–34-yearolds having attained that level, behind Turkey at 18.9 per cent (in contrast to 43 per cent in France or 56.5 per cent in Canada).72 GEN Y AND THE WORLD OF WORK 15 4. ATTRACT Gen Y Brazil grew up with first-hand experience of the economic hardship suffered by their parents during the chronic inflation and government debt crisis of the 1980s and early 1990s.73 However, since the economic boom of the 2000s, wages have been growing even faster than GDP—in 2013 per capita income grew eight per cent, and according to the National Confederation of Industry (CNI) real wages rose 169 per cent between 2001 and 2012.74 Record numbers of Brazilians in work have contributed to the average monthly income hitting a record high in November 2013 at US$1105.26 (up three per cent from the previous year). In the same month, Brazil’s jobless rate also fell to a record low of 4.6 per cent,75 and in certain areas of the country it is lower still—for example 3.8 per cent in Rio de Janeiro. Nevertheless, many of Brazil’s university graduates are lured away by the prospect of using their talents abroad. As early as 2006, Brazilian economist Marcio Ponchmann revealed that 140,000– 160,000 Brazilian degree holders were leaving the country every year.76 This appears to have slowed since then: from 2005 to 2010, the number of Brazilians living abroad dropped from an estimated four million to two million while an influx from Europe following its severe recession saw the Portuguese population in Brazil increase 20 per cent between 2010 and 2011, from 277,000 to 329,000.77 It has therefore rarely been more important for Brazilian employers to understand what drives the brightest of Gen Y Brazil in order to attract the very best talent from settling elsewhere. 16 GEN Y AND THE WORLD OF WORK Despite the legal maximum working week being 44 hours, almost 40 per cent of men and a quarter of women are reported to still be working more than 45 hours a week.78 In 2013, Brazilian public prosecutors initiated proceedings against Samsung for alleged poor working conditions at one of the group’s plants in the Amazon city of Manaus, claiming employees were working for up to ten hours without breaks, and with evidence that one employee worked for 27 days in a row.79 However, it’s not just multinational companies being targeted—a Brazilian court also halted construction work at the World Cup stadium (also in Manaus) last year due to “unacceptable” working conditions,80 and 300 companies since 2004 have been found guilty of keeping employees in “slave labour” conditions.81 Our research reveals that despite the hardship of previous generations, money is no longer the primary driver for Gen Y Brazil. Creating personal wealth and being well paid defines career success for only 33 per cent of Gen Y Brazil in our survey, compared to an average of 48 per cent of their global peers. Instead Gen Y Brazil prioritise flexibility, development opportunities and interesting work. FLEXIBILITY IS KEY TO ATTRACTION Our survey found that flexibility is the most preferred benefit for Gen Y Brazil when looking for a job or choosing an employer. Nearly half (49 per cent) said they want flexible hours at work and 40 per cent cite the possibility to work from home as the factor they look for when choosing a job. This is higher than any other country surveyed—above the US (who were second highest) at 37 per cent and far more than other countries surveyed including Japan at 18 per cent and Russia at 24 per cent. It seems that a rigid working week will not be all that attractive and motivational to this new generation. TOP FOUR FACTORS WHEN DECIDING ON A POTENTIAL EMPLOYER: BENEFITS OFFERED 44% ABILITY TO PROGRESS QUICKLY Employers have had to increase pay and reward in line with government legislation in modern Brazil in order to improve living conditions. The 1988 Constitution increased the overtime premium from 20 per cent to 50 per cent.83 Employees also receive a ‘13th salary’ each year—an extra months’ pay, paid in two halves, in November and December. The national minimum wage has also increased year on year since its introduction in 2003, up nine per cent in 2013 to 674.96 reais per month (from 622 reais in 2012)84 and by 6.8 per cent to 724 reais (US$310) per month in 2014.85 43% TRAINING AND DEVELOPMENT 42% ONGOING STUDY OPPORTUNITIES 35% RAPID DEVELOPMENT OPPORTUNITIES WANTED Gen Y Brazil want a fast-progressing, challenging career. The ability to progress quickly (43 per cent), training and development (42 per cent) and ongoing study opportunities (35 per cent) are highly important and come second, third and fourth respectively in terms of popularity, a reflection of Gen Y Brazil’s desire for personal development. Financial compensation is by no means unimportant: behind flexible hours, base salary (42 per cent) and the potential to earn bonuses (39 per cent) are the second and fifth most popular options respectively when respondents were asked to rate rewards and benefits. However, it seems that Gen Y Brazil’s priorities lie elsewhere—perhaps a result of the increase in earnings over recent years. ADDITIONAL BENEFITS ARE LESS IMPORTANT The additional employment benefits seen as important by other countries are not rated as highly by Gen Y Brazil. Dealing with old age is less on the minds of this Gen Y sample. Only six per cent of Gen Y Brazil said pensions were what they were most likely to look for when choosing a job, compared to 29 per cent of Canadians and 33 per cent of their counterparts in the UK where pension provision and a rising retirement age have become a more significant issue. Brazil is ranked second out of 20 countries evaluated by the Centre for Strategic and International Studies for maintaining retirees’ incomes.85 Brazilians only need to contribute for 15 years to receive full benefits (by the age of 65 for men or 60 for women), while average earners receive a pension that reflects 97 per cent of their final salary, much higher than the 69 per cent OECD average.86 Given this, it is perhaps no wonder pensions are not on Gen Y Brazil’s agenda. Holiday entitlement is barely considered amongst Gen Y Brazil (sought out by only 15 per cent compared to 56 per cent of Gen Y Japan for example) and a likely driver for this is legislation. All employees are entitled to up to 30 days’ holiday after only one full year of working with the same employer.87 However, private healthcare is almost twice as popular a benefit in Brazil—chosen by 41 per cent— compared to the cross-country average of 24 per cent, and even more popular than in the US (39 per cent). Healthcare spending per person in Brazil ranks well below the OECD average, at US$1,028 in 2010 compared with US$3,268.88 GEN Y AND THE WORLD OF WORK 17 4. ATTRACT REWARDS & BENEFITS FIVE MOST ATTRACTIVE REWARDS AND BENEFITS: 49% 42% 41% FLEXIBLE WORKING— WORK FLEXIBLE HOURS BASE SALARY PRIVATE HEALTHCARE Brazilians enjoy a good standard of minimum employee benefits set by government legislation. Organisations must also provide transportation vouchers to compensate employees for their commute.89 All employers with more than 30 staff must also provide a place where staff can eat their meals and, whilst it’s not obligatory, it’s expected that employers buy staff who work a 44-hour week a meal a day too.90 Employees who work four or more hours per day are entitled to a minimum rest break, while part time employees are entitled to the same remuneration pro rata to that of full time employees performing a similar job.91 18 GEN Y AND THE WORLD OF WORK 40% FLEXIBLE WORKING— WORK AT HOME IMPLICATIONS FOR HR Flexible working and career progression are clearly important features of any EVP for companies if they want to attract the best of Gen Y Brazil. It isn’t all about money too. While businesses should not underestimate the importance of a competitive base salary and bonus package, this alone may not be enough to attract this cohort. While they are relatively uninterested in benefits such as holiday allowance and pensions, private healthcare is important. They also have other clear preferences. For Gen Y Brazil any employer value propositions should also include a clear route to self-improvement through training, development and progression, preferably with flexible hours, and an option for home-working. 39% POTENTIAL TO EARN BONUS What employers can offer will of course depend on the nature of their industry or business offering and will not be practical for everyone. However, where possible it is worth considering how to appeal to these preferences and adapt the EVP as appropriate. Gen Y will soon be an important part of any company’s workforce and attracting the best prospects should be a key concern for any employer. GEN Y AND THE WORLD OF WORK 19 17 5. RETAIN Brazil has been ranked second among the world’s nations suffering from acute skills shortages. The Hays 2013 Global Skills Index (GSI) saw Brazil’s score fall marginally to 5.6 from 5.7 in 2012. The Hays GSI found that employers will have considerable difficulty attracting and retaining highly-skilled labour in the current environment, with GDP growing sluggishly compared to previous years.92 The issue is compounded by Ernst & Young’s finding that, typically of emerging markets, Brazil has a very high rate of employee turnover at an average of 32 per cent.93 Retention is therefore fast becoming one of the country’s most serious employment issues. According to a recent study of 1,200 Brazilian executives, 85 per cent said they weren’t left with suitable talent to promote within their organisations.94 Worryingly for employers looking to retain their best talent, it seems that Gen Y Brazil are more than twice as likely than average to expect to have more than ten employers in their career compared to the cross-country average (16 per cent compared to eight per cent). It’s therefore vital to create environments where the best Gen Y Brazil employees feel happy, and experience continuous development; not only to get the best out of them in the short term, but also to increase their likelihood of sticking around in the long run. Our research uncovers exactly what Gen Y Brazil are looking for from their employers in order to stay put. PERSONAL GROWTH AND RECOGNITION RULE The results of our survey show that achieving professional and personal recognition is extremely important to 20 GEN Y AND THE WORLD OF WORK Brazil’s leading pharmaceutical firm Novartis is set to open the first biotech plant in the country in 2017—yet it is reportedly unable to attract and train the workers to staff it.95 The Hays Global Skills Index ranks Brazil among the worst of the 30 countries studied in terms of secondary school education quality.96 This has likely impacted the supply of skills available to employers today and will continue to do so in future if not addressed.97 To combat this, in 2012 President Rousseff announced a strategy, ‘Science without Borders’, to fund 101,000 Brazilian students to go abroad to study science and maths in English by 2015 (currently only five per cent of the population speak English).98 This initiative has seen large increases in Brazilian students across several Englishspeaking countries including the US, Canada, the UK and Australia.99 Gen Y Brazil. Professional recognition (for 47 per cent of respondents) comes joint second when Gen Y Brazil are asked to define career success. In response to the question “what do you want from work/career?”, personal recognition was second (43 per cent) behind acquiring knowledge (top with 58 per cent)—the latter being a popular theme throughout the survey. However when asked about public recognition, the response was far lower—this defines success for only 17 per cent of Gen Y Brazil. Research by Business School São Paulo has found the top reason (selected by 31 per cent) Brazilians leave their jobs is down to the fact they sense no prospect for professional growth.101 This is seemingly in contrast to the 85 per cent of Brazilian executives who say they are unable to find suitable talent to promote from within,102 but it could also suggest that organisations have failed to adequately offer the development programmes that allow individuals to grow and progress. Addressing this is an easy win for many organisations if they are serious about retaining key people. PERSONAL WEALTH LESS IMPORTANT THAN MAKING A DIFFERENCE Making a difference to society (35 per cent) comes ahead of personal wealth (29 per cent) in what Gen Y Brazil want most from their career—a unique response amongst the global peer group surveyed. WHAT GEN Y BRAZIL WANT MOST FROM THEIR WORK: ACQUIRE KNOWLEDGE AND EXPERTISE HELPING OTHERS 58% 30% PERSONAL RECOGNITION PERSONAL WEALTH 43% 29% TO MAKE A DIFFERENCE TO SOCIETY JOB SECURITY 35% 29% In Brazil, employers could be forgiven for feeling less secure than their employees. A worker can terminate an employment contract at any time and without any reason or notice. A statutory Service Guarantee Fund (Fundo de Garantia do Tempo de Serviço, or FGTS) into which the employer pays the equivalent of eight per cent of the employee’s salary per month is also paid to employees who are dismissed unfairly, if they or a dependent suffers from cancer, or even if they need a deposit to buy a house.100 The high amount of worker protection experienced in the country could therefore explain why our research shows Gen Y Brazil as uniquely confident about keeping a job compared to their international peers: 89 per cent think that job security is achievable, which is far higher than some countries who have experienced recession and job cuts on the back of the global financial crisis. It seems that Gen Y Brazil have an altruistic aspect to their desires from the world of work. Having a job that helps others is actually wanted more, albeit marginally, than work that rewards them with personal wealth (30 per cent compared to 29 per cent). While the survey finds base salary to be important when asked which reward or benefit they would most likely look for when choosing a job, it was still only chosen by 42 per cent (the lowest figure found internationally so far), below the possibility to work flexible hours at 49 per cent. Where organisations can offer flexibility, it may be worth far more than salary alone. JOB SATISFACTION The overwhelming factor that gives Gen Y Brazil most satisfaction, according to our survey, is access to learning and development opportunities (chosen by 49 per cent), closely followed by feeling valued and appreciated (48 per cent). This is more than twice as important as having varied and interesting work (22 per cent) and is significantly more than the need to be in a team (30 per cent). Businesses that develop their EVP around this area will get ahead of their competitors in the war for talent. For 58 per cent of Gen Y Brazil, acquiring knowledge and expertise is one of the things they want most from their careers (compared to a cross-country average of 39 per cent and US figure of 35 per cent); 47 per cent also feel that work-life balance defines career success (more than the 39 per cent of Japanese or 32 per cent of Germans). But it isn’t all about just bettering themselves—many want to give back too. For 35 per cent of our sample, making a difference to society during their career is important. Through self-improvement and making up for their relatively poor education, Gen Y Brazil can make a significant contribution to the country as a whole—the long working hours and low life expectancy long experienced by their parents’ generation is now theirs to change. If organisations can harness Gen Y Brazil as part of their corporate social responsibility agendas, this will most likely make a difference to employee engagement. Training and developing projects in the local community are one possibility.103 GEN Y AND THE WORLD OF WORK 21 5. RETAIN value on training and development in order to advance their careers and attain recognition for their achievements. Facilitating this will help secure talent for most organisations, but it will also need the right managers and leaders in place, not just programmes and processes. CAREER SUCCESS INDICATORS: 57% 47% ACHIEVING JOB SATISFACTION/ ENJOYING MY WORK ACHIEVING A WORK/LIFE BALANCE ACHIEVING PROFESSIONAL RECOGNITION 33% 27% 22% CREATING PERSONAL WEALTH/BEING WELL PAID MAKING A DIFFERENCE IN SOCIETY OBTAINING A RANGE OF EXPERIENCES IMPLICATIONS FOR HR Gen Y Brazil pose an interesting dilemma for HR professionals and businesses. While the majority see themselves having six or fewer employers in their career, they are twice as likely as their international peers to expect to have ten or more (16 per cent versus eight per cent). We have also found that 48 per cent of Gen Y Brazil say ‘it depends’ when asked how long they should stay in their first job. They are clear in what will attract and 22 GEN Y AND THE WORLD OF WORK 47% retain them in a business—so it is up to companies and HR leaders to develop appropriate EVPs to maximise the contribution of Gen Y Brazil if they are an important part of their workforce. Their desire for personal growth and progression found in our survey also suggests that, given the right training, environment and feedback, Gen Y Brazil will be highly engaged—they want to improve, to develop their expertise and to feel valued. Gen Y Brazil place a high Organisations also need to bear in mind this generation’s socially conscious nature and try to find opportunities for people to give back to the local community through relevant CSR initiatives. Gen Y Brazil want to make a difference to their society more than they want financial gain for themselves, and offering them a chance to do this could make the difference in retaining the best prospects. Gen Y Brazil are not only looking to make a difference to society through their working lives, they are also willing to take to the streets to enact social change in their own time. Dramatic street demonstrations broke out in the summer of 2013 across at least 80 Brazilian cities, with an estimated turnout of two million—predominantly Gen Y— protesters. The movement began in response to an increase in public transportation fares, but turned into a broader denouncement of corruption, poor public services and lack of investment in health and education.104 “Brazil woke up”, said 24-year-old Paulo Henrique Lima, one of the organisers, to The Guardian. “The youth are going to the street, the workers as well [...] We are changing the history of this country. We are going to construct a new politics where people have a voice.”105 GEN Y AND THE WORLD OF WORK 23 6. TECHNOLOGY AND SOCIAL MEDIA AT WORK When it comes to many social and economic indicators, Brazil is still playing catch-up, and the economy, which expanded so rapidly in the 2000s, is now showing signs of slowing. However, when it comes to technology and the growth of social media, Gen Y Brazil were early adopters and have kept up the pace ever since. For such a vast country Brazil is also highly connected, with around 80 per cent of the population predicted to have internet access by the year 2016,106 compared to an estimated global average of 50 per cent.107 Of the country’s current internet users (around 78 million people), 79 per cent are now on social media; Brazil has the highest percentage of Twitter users of all non-English speaking countries108 and has the secondbiggest amount of Twitter users (with more than 41 million Tweeters and counting).109 In 2013, it had more than 65 million Facebook users—second only to the number in the US. In fact, while there are suggestions that in the Western world Facebook’s popularity is declining,110 in Brazil usage was up 208 per cent in 2013 on the year before to an average of 535 minutes, per user, per month. However, as the results of our survey show, rapid adoption of technology also means Gen Y Brazil are having to grapple with the problems this brings at a greater speed than their peers in other countries. There is a feeling that technology—and the demands of social media in particular—can be detrimental to the work environment and to their personal lives. In our survey, 32 per cent say they can’t resist looking at work emails while they are on holiday, while 31 per cent say they find it hard to switch off from work due to having constant connectivity. At the same time, only six per cent believe social media is a helpful tool at work. FAST ADOPTION; FASTER PROBLEMS With fast adoption though come dilemmas faced the world over surrounding the conflict between work and personal life. When asked if the lines between work and social life are being eroded by technology, a massive 88 per cent of Gen Y Brazil agree (significantly higher than the cross-country average of 59 per cent). These concerns also come through in Gen Y Brazil’s expectation that recruitment processes now involve employers researching prospective candidates’ social media profiles: more than one third (36 per cent) of respondents say they expect that and would indeed do the same themselves. Yet while they know it’s happening, a significant number don’t like it: 40 per cent say that although they expect it, they regard it as unethical. DEALING WITH SOCIAL MEDIA AT WORK The wide use of social media is having an impact on what Gen Y Brazil expect from the world of work. Half of Gen Y Brazil respondents predict that social media will be the most popular form of communication at work in five years’ time, compared to a cross country average of just 26 per cent. However, when it comes down to it, email still comes out on top with 58 per cent. Connectivity now forms an important part of Gen Y Brazil’s decision-making process when joining companies. Nearly one third (31 per cent) say they would be unlikely Some Brazilian firms are attempting to address work-life balance fears. For example, São Paulo-based business magazine Exame’s annual well-being review has highlighted pharmaceutical company Eurofarma as one of the leading organisations for health and quality of life programmes. The hugely successful generic pharmaceuticals company— with a current expansion plan to be present in 95% of the Latin American market by completing at least one acquisition per year111—has attracted attention for its employee strategy including turning off access to email when an employee goes on vacation, providing a 70 per cent subsidy for staff who use personal trainers and nutritionists, as well as offering free healthcare.112 to work for a company if it blocked their access to social media. And more than half (55 per cent) expect their bosses to 58% 50% 41% EMAIL SOCIAL MEDIA - CORPORATE/ BUSINESS SPECIFIC MOBILE PHONE (CALL) HOW GEN Y BRAZIL EXPECT TO COMMUNICATE AT WORK 5 YEARS FROM NOW: 24 GEN Y AND THE WORLD OF WORK trust their use of social media at work. Before Facebook, Brazil had Orkut. The Google-owned social networking site named after its creator, Google employee Orkut Büyükkökten, started out in California, but such was its popularity in Brazil that Google moved the entire operation to the city of Belo Horizonte. In 2011, Orkut had over 34 million Brazilian users a month, well over half the social network’s global traffic. By December of that year though, the inevitable happened: Facebook hit 36 million, overtaking Orkut for the first time.113 IMPLICATIONS FOR HR Businesses increasingly need to work with, and understand, the needs of the most digitally-connected generation Brazil has ever seen—even if this can sometimes appear to be conflicting. Gen Y Brazil would rather employers trust them to use social media than not, and expect it to become a big part of working life in the future. or two-page CV is seen as most important by 48 per cent of Gen Y Brazil when looking for work. Though Gen Y Brazil don’t see social media as particularly useful for work at present, they predict it will become a major part of the workplace in the next five years. Businesses also need to explore social media usage for Gen Y Brazil consumers as well as employees, given the high rate of social networking amongst this demographic. However, there’s no need to insist employees tweet each other meeting requests just yet. Almost a quarter (24 per cent) of Gen Y Brazil admit they find social media distracting at work. 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Boston College Centre for Work and Family passim 113. Barnett, E. (2012) ‘Facebook finally overtakes Google’s Orkut in Brazil’, The Daily Telegraph, January GEN Y AND THE WORLD OF WORK 25 ABOUT HAYS Hays is the world’s leading recruiting expert in qualified, professional and skilled work. We employ over 7,800 staff in 239 offices across 33 countries. Last year we placed around 53,000 people in permanent jobs and nearly 182,000 in temporary positions. Hays works across 20 areas of specialism, from healthcare to telecoms, banking to construction and education to information technology, covering the private, public and not-for-profit sectors. Our recruiting experts deal with 150,000 CVs every month and more than 50,000 live jobs globally at any one time. The depth and breadth of our expertise ensures that we understand the impact the right individual can have on a business and how the right job can transform a person’s life. Our job is to know about professional employment, employers and employees. For more information, visit hays.com 26 GEN Y AND THE WORLD OF WORK SELECT BIBLIOGRAPHY Amaro, E. (2012) ‘Staff Turnover in Brazil’, TheBrazilBusiness.com Antunes, A. (2013) ‘The Cost Of Corruption In Brazil Could Be Up To $53 Billion Just This Year Alone’, Forbes, November Associated Press (2013) ‘How retirement systems vary, country to country’, December Association of Executive Search Consultants (2010) ‘Executive Talent: A key to unlocking Brazil’s Future’ Axt, B. (2007) ‘Brazil’s Brain Drain’, The Guardian, September Barnett, E. (2012) ‘Facebook finally overtakes Google’s Orkut in Brazil’, The Daily Telegraph, January BBC (2013) ‘Brazil Mensalao Trial: Former Chief Of Staff Jailed’, November BBC (2013) ‘Brazil Senate Toughens Punishments for Corruption’, June BBC (2013) ‘Brazil World Cup 2013: Court halts stadium construction’, December Bender, S et al. 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