Employers: did you know your Millennial employees are looking for their next career move?
That’s right — in a survey by Deloitte of thousands of Millennials worldwide, two-thirds of them say they expect to have a new job by 2020. Twenty-five percent plan on leaving their job within the next year.
Before you jump to the conclusion that the folks in the Millennial generation are job-hoppers, it’s important to look at the data from generations past. You’ll find that Millennials are actually not more likely to job hop than other generations. Millennial workers are currently in the 25 to 35 year age range. For this demographic, the average job tenure has not changed much in the last 30 years. Their average tenure today is three years — the same as it was for this demographic in the 1980s.
Rather than focus on the fact that your Millennial employees are already looking for their next move, why not focus on how you can retain your Generation Y employees? According to the Deloitte survey, “more than six in 10 Millennials say their ‘leadership skills are not being fully developed.’” This is a key reason so many workers are looking for their next job.
Here are some tips to help you retain your Generation Y employees from the best staffing agencies in Dallas.
Commit to career development.
Help your Millennial employees develop skills such as goal setting and network building. Provide mentoring, workshops and training programs to employees to help them advance in their career within your organization.
Value employees and customers.
Workers want to be valued, but they also want to know that they work for a company that provides quality products and services. Build your brand reputation and social esteem, and your Millennial employees may be more likely to stay put.
Learn to identify and understand Millennials’ values.
Millennials aren’t just looking to make a buck — they want to make a difference. When possible, align an individual’s personal passion with their work to help them feel challenged and supported in the workplace.
Successful employers learn to foster the talent of promising, young employees. Develop your Millennial employees effectively, help them to advance, and look to them to lead the future of your organization, and you’ll be more likely to retain them.