5 Reasons why employees will leave your company
Job hopping is the ‘New Normal’ for Millennials. That means they would have 15–20 jobs over the course of their working lives! What makes them interested in so many different opportunities?
According to Global YouthSpeak survey young people are developing a more natural desire for being global citizens, resulting in a generation that is more comfortable with relocating, experiencing new environments and is hungry to learn about the world.
1. Global opportunities
Millennials are more mobile than the previous generation, they seek global experiences as a highly valued method of learning and development.
1 in 4 millennials see global experiences as the most important in the first 5 years of their career
They recognise the advantages of being abroad and the opportunities for accelerated career advancement. Don`t forget to take this in consideration while interviewing your young prospect candidates. Maybe if you are not providing international opportunities someone else has already did.
The reason they will leave your company is that they may feel like other workplace is more attractive and millennial will happily change one work for another seeking for a better option.
2. Constant learning
The majority of millennials have stated that experiential learning is their most preferred method of developing new skills. Learning for millennials goes beyond the classroom.
The reason they will leave your company is that they may feel like they are going nowhere with the position they are working. They don’t feel that they are growing.
3. Meaningful work
“Meaningful work for me is that whatever you do makes the world and humankind better, everyone clear of the impact the results bring, and not just taking decisions according to profit, without having in mind if this good for society at all” - Kathy, 21, Colombia
Millennials are seeking for employer who can provide them with the dynamic experiences that enable them to see the world, expand their horizons and contribute to a positive impact on society.
Millennials view the purpose of the workplace as going beyond traditional benefits — focusing more on their own individual development.
The reason they will leave your company is that they may don’t feel important. They perceive that what they do at their place of employment really doesn’t matter, they don’t feel they are making a meaningful contribution to the world. They feel it is just a job and nothing more.
Another option — they don’t believe in the product or service the company offers.
4. Challenging work
Challenging work may sounds tough but millennials will leave your company more likely if the work is not challenging enough rather than being too challenging.
Millennials are significantly motivated by their ability to keep learning and be challenged. They see learning as a continuous life-long journey. Millennials seek challenges, yet work life balance is of utmost importance to them.
5. Work-life balance
For millennials, a work-life balance is not simply about the division of work and their personal lives, but the prioritisation of personal interests and being able to do what they love in and outside of work. While the last generation was focused on their ability to get a 9–5 job that was secure, paid well and had vacation time.
Millennials are willing to trade off free days per year in return for greater flexibility at work and their ability to pursue personal interests and keep learning.
Millennials care deeply about their own personal interests and the workplace will need to reward employees beyond traditional benefits and to look at the ability of an employer to reward their talents on a more flexible and frequent basis. It will require a shift in mindset of what work-life balance looks like.
If your company provides global opportunities, appreciates constant learning, gives meaningful and challenging work while values the work-life balance of young employees, you can be sure that millennials will be more engaged in your workplace and will be retained for longer.
