As more young people enter the workforce, many businesses are ill-prepared for a generation used to fast technology and streamlined tools, according to a new report by Basex, a TK-based research firm.

The resulting technology gap could have a negative impact on productivity, the report said.

Born and raised in a world of technology, younger workers are less patient than their predecessors, and are capable of managing far more complex social networks, Basex researchers said.

"Business as usual is not enough for Gen Y," Jonathan Spira, the firm's chief analyst, said in a statement. "Companies need to think again and take steps to appeal to a generation of knowledge workers used to faster and more streamlined tools," he said.