WHY ARE 60 PERCENT OF MILLENNIALS LEAVING THEIR DREAM JOBS? Sixty percent. Thats the average percentage of Millennials who are cutting ties with what they thought were their dream jobs. In fact, many are checking out in three years or less. Whether this is due to loss of interest or unhappiness in their jobs, turnover not only costs companies more money -- between $15,000 and $25,000 to replace each lost Millennial employee -- it also doesnt look good on the part of your organization. Why are more than half of Millennials saying sayonara to their jobs? It could be one of the following reasons: You dont keep your promises. Maybe you posted a poor job description. Perhaps you led the candidate on in the interview. Maybe the employee was paired with a team they couldnt collaborate with. Perhaps you promised more flex time or the chance to attend big industry conferences -- and didnt deliver. The fact is, you may not have kept all of your promises when hiring your Millennial employee. When this happens, theyre going to find an organization that will treat them right from the get-go instead of waiting around for those promises to be met. Tip: Be completely honest with Millennial candidates about your company culture. Craft job descriptions that are transparent, streamline the onboarding process and provide mentors to new hires. Doing so will ensure youre doing all you can to fulfill the promises you initially presented. Theyre finding flexible options elsewhere Did you know that 45 percent of Millennial employees would choose workplace flexibility over pay? Even if youre throwing money at your workers, many would much rather have a work-life balance than be slaving away at the office until all hours of the night. If your company doesnt have telecommuting or remote working options, Millennials may find these flexible options elsewhere. Tip: Implement a few flexible alternatives into your organizational practices, such as a once-a-week work from home policy or flex time. This allows your workers to have a life outside of work without compromising their careers. You dont give them room to grow If you were in a job for three years doing the same tasks over and over, youd call it quits, right? Opportunity for advancement and room for growth is how some Millennials find their motivation. If you arent giving them these chances by varying their workloads or giving them new projects, you may be shooting yourself in the foot. Tip: Show that you care. Have regular meetings with your employees to find out how theyre doing, what they would like to be doing and how you can work together to expand their knowledge base and professional development. Theyre not ready to commit In the end, an employee may just not be that into you. Maybe hes not ready to commit to his first full-time job. Although you may see this as an attack on your organization, not every employee finds gold on their first try. On the contrary, many will be job hopping or floating through different options for a few years until they find that perfect fit. Tip: If a worker isnt happy, find out why. This can be done through an anonymous survey, one-on-one meeting or even an exit interview. Though they may already be checked out, their feedback could help you to retain other Millennials in the future. Although more than half of Millennials are leaving their dream jobs, understand that your organization may be playing a huge role in their exit. Check for red flags, keep constant communication and amp up engagement levels to retain great Millennial workers for the long run.
Posted on: Mon, 04 Nov 2013 18:39:52 +0000
Trending Topics
Recently Viewed Topics
© 2015