Study: More Than Half of Millennial Workers Want a Career Change in 2016

If FOMO has taught us anything, it’s that millennials have a problem with content commitment.

It’s almost impossible for us not to sleep with our phone within arm’s reach as we fear we might miss out on something important.

As it turns out, this is just as true in our professional lives as it if in our personal lives.

According to a recent survey from human resources firm ADP Canada that surveyed 1,547 Canadians online this past December, more than half of Canadian millennial workers are dissatisfied in the workplace and are eager to find new jobs.

Fifty-five per cent of workers aged 18 to 34 would like to change jobs, start a business or return to school this year.

Among other age groups surveyed, 31 per cent said they want a career change this year. ADP says that wanderlust is responsible for making it difficult for businesses to retain current talent.

“Canadian workers are restless, particularly millennials, and this makes a strong case for investing in a great employer brand, built on culture, opportunity and leadership,” says Virginia Brailey, Vice President of Marketing and Strategy at ADP Canada.

“HR teams are under tremendous pressure to keep the right people in the right jobs and to build a strong funnel of talent so they can respond to changing business needs.”

The study also found that 27 per cent of employed Canadians would like to find a new job, while 11 per cent would like to start their own business. Ten per cent hope to go back to school.

When it comes to work flexibility, 15 per cent of Canadians said they would like to have more flexible hours, while eight per cent said they hoped to be able to work remotely.

“We’re also seeing a diversity of ambitions around looking for more money, more responsibility, more training and greater flexibility around how work is done,” says Brailey.

The study also found that while millennials are more interested in exploring new career options, those aged 18 to 44, nearly half (46 per cent) are more ambitious in the workplace as they’re more focused on career-building activities, such as getting a raise, taking on more responsibility or getting a promotion.

In order to retain current millennial employees, ADP says that employers need to lead their organizations with strategies and practices that support a younger and more diverse workforce.

If younger employees are feeling more included in their workplace, chances are they won’t be feeling anymore workplace FOMO.