These millennials ain’t loyal.
According to the Deloitte Millennial Survey, two in three young professionals have no desire to stay employed at their current organization beyond 2020. The survey asked millennials in 29 countries about their employment loyalty and found that only 16 per cent think they’ll still be with their current employer a decade from now.
Around 16 per cent don’t even think they’ll hold out another six months.
Peruvians are especially unconvinced they’ve found The One, with 82 per cent believing they’ll move on to another company by 2020. Just over 60 per cent of Canadians share this belief.
“This remarkable absence of loyalty represents a serious challenge to any business employing a large number of Millennials, especially those in markets—like the United States—where Millennials now represent the largest segment of the workforce,” reads a summary of the findings.
Why the disloyalty?
According to the survey, one possible answer may be that millennials feel neglected at work. More than six out of 10 say their leadership skills are not being fully developed, with only one quarter feeling that their current organizations are making full use of the skills they currently have to offer. “Leadership” was identified by millennials as the most prized attribute on which businesses place value.
A further look at this sentiment below:
So, what can employers do to encourage their millennial workforce to stick around? A little something called corporate culture can go a long way.
Cover photo: Office Furniture Warehouse