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NEARLY HALF OF MILLENNIALS PLAN TO LEAVE A JOB WITHIN TWO YEARS, STUDY FINDS

Aruba, August 14, 2018 - Salary may attract millennial employees but it won't keep them loyal to a company

Millennial job habits include job-hopping within the two-year mark and a desire for an inclusive and diverse workplace, according to a new survey.

Deloittesurveyed 10,455 millennials - born between 1983 and December 1994 from 36 countries - and found what company attributes keep full-time millennial employees loyal and which ones encourage them to look elsewhere for employment.

The results found that 43 per cent of millennials plan to leave their current jobs within two years and only 28 per cent have plans to stay beyond five years.

While salary is the expected explanation for the frequent company switches, it turns out other factors also play a part in influencing millennial decision-making.

According to the survey, millennials who work in large, private-sector organisations have lost faith in the ethics of these organisations over the last year.

Of these perceived failures, there was a 17 per cent decrease in respondents who believe that businesses behave in an ethical manner and a 16 per cent increase in millennials who believe their companies' focus on their own agendas rather than considering society in general.

Millennial employees will leave a workplace if they don't consider societal and ethical factors (Deloitte)

This is because millennials want to work for a business that improves society whereas 51 per cent reported they believe the number one priority for their business, is generating profits.

It also means that the notion that money buys commitment among millennials is false.

According to Punit Renjen, the CEO of Deloitte Global: The results of this year's survey indicate that the rapid social, technological and geopolitical changes of the past year have had an impact on millennials and Gen Z's views of business, and it should be a wake-up call to leaders everywhere.

These cohorts feel business leaders have placed too high a premium on their companies agendas without considering their contributions to society at large. Businesses need to identify ways in which they can positively impact the communities they work in and focus on issues like diversity, inclusion and flexibility if they want to earn the trust and loyalty of millennial and Gen Z workers,€ he said.

https://www.independent.co.uk/life-style/millennials-jobs-career-work-salary-quit-young-people-study-a8361936.html

 

By orbitalnets.com