The 9 to 5 job may soon be a relic of the past, if Millennials have their way. A slow climb in a company was once the accepted career path. However, today the experiences of men and women starting their careers are closer to juggling multiple positions than steady growth.
Freelancing and self-employment are on the rise. Meanwhile, 60% of Millennials are leaving their companies in less than three years. With 87% of companies reporting a cost of between $15,000 and $25,000 to replace each lost Millennial employee, industries need to start paying attention to structural changes. Reports and studies seem to indicate three roots to Millennials’ discontent and the resulting upheaval: the drives for flexibility, purposeful labor and economic security.
A recent Millennial Branding report found 45% of Millennials will choose workplace flexibility over pay.
Chosen excerpts by Job Market Monitor. Read the whole story at