Wednesday, March 11, 2015

5 Reasons Millennials Want to Quit -- and How to Make Them Want to Stay

A recent Gallup survey found that 28.9% of millennials (age 18 to 34) are disengaged. The reason? Many faced a difficult economy when they graduated from college, forcing them to take jobs that didn’t necessarily use their talents and strengths.
The problem for employers is that as the economy improves and hiring picks up, millennials may be wooed away to other companies. In addition, a new Accountemps survey finds that 57% of millennials believe that changing jobs often is good for your career. Since replacing an employee can cost $15,000 to $25,000 per worker, according to Lee Hecht Harrison, millennials jumping ship could be very costly.
So how do employers hang onto their young talent? Accutempts and Lee Hecht Harrison found that:
  • Career development is nearly as important as money
  • 30% of millennials believe the greatest benefit to job hopping is gaining new skills
Beverly Kaye, founder of Career Systems International and author of Help Them Grow or Watch Them Go, stresses that career development doesn’t have to become a big headache for managers and doesn’t require hours or days of research and reports. Here are five things that drive millennials out the door and what managers can do to change their minds:
  • They don’t feel they’re using all their skills: Kaye suggests that managers look at a job interview as the beginning of a conversation and continue to talk (read more here)

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