While flat company structures improve team work and communication, employers have to think creatively to engage their employees effectively. Employees need to be given projects and tasks that develop their skills without necessarily giving formal promotion through the ranks.

Access Economics predicts that by 2010 the skills shortage will really start to bite as their will be more people turning 55 and leaving the workforce than there will be turning 15 and entering the workforce.

Gen Y have a much stronger sense of the need for worklife balance and they need to be rewarded and encouraged through exposure to such things as leadership programs and opportunities to work overseas.

From BRW November 24-30, 2005, pgs 62-63.