The title of Rusty Weston’s post at FastCompany.com—Gen Y's Retention Deficit Syndrome—sums up the challenges with hiring and retaining Generation Y.

Why focus on Y? Because they are your new fresh talent source. These Millennials will replace your retiring Baby Boomers. Who are they and what do they want?

60 Minutes says there are 80 million out there. And according to media articles, they want to reshape our institutions using technology, choose hotels in their own terms, and become serial entrepreneurs.

The Chartered Management Institute’s Generation Y: unlocking the talent of young managers debunks some stereotypes and offers recruiting recommendations. Study findings include:

There are some job attributes and values that are sought by all Generation Y managers. The overwhelming majority (97 per cent) are looking to build their transferable skills. …51 per cent anticipate moving to a new job within two years, and 67 per cent expect to have a range of jobs throughout their career…

For even more insights, register for the upcoming HCI/Taleo webcast: Generation Next: High Performance in Gen X and Gen Y.