Millennial workers, those ages 18 to 35, are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults, according to recently released government data.
And among the college-educated, Millennials have longer track records with their employers than Generation X workers did in 2000 when they were the same age as today’s Millennials.
Chosen excerpts by Job Market Monitor. Read the whole story at Millennials don’t switch jobs any more than Gen Xers did | Pew Research Center
Chosen by Job Market Monitor. @ visual.ly/api/embed/50554?width=540 From Visually.
Millennials, in general, express little loyalty to their current employers and many are planning near-term exits, according to Deloitte Touche Tohmatsu Limited’s fifth annual Millennial Survey. This remarkable absence of allegiance 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 … Continue reading
Is it possible to strike a happy medium between old-school and new school workplaces? Here are the three key strategies that allows for a forward-thinking, balanced culture: Factor 1: Mission, Mission, MissionOftentimes, traditional, Boomer-led workplaces suffer from vague, uninspiring missions that don’t clearly include positive impact on the world. New-school workplaces often are so bold, … Continue reading
There were three surprising findings that emerged from our ICEDR survey of organizational leaders and men and women age 22-35. Surprise #1: Women around age 30 rank pay, lack of learning and development, and a shortage of meaningful work as the primary reasons why they leave organizations. When considering the main reasons why women around age 30 leave … Continue reading
It’s a drastically different outlook from the generations before who are used to the more traditional hierarchy of large corporate firms – staying at the same firm and working a set number of years in a particular post before progressing. But as this group grows as a proportion of the workforce, employers will have to … Continue reading
Millennials continue to make headlines, including on our Fact Tank posts. Our research showed that this confident, politically independent generation not only overtook Generation X as the largest generation in the U.S. workforce, but also overtook Baby Boomers in population size – two big milestones that resonated with our audience. Source: Top Fact Tank data of 2015 | Pew Research Center
There are an estimated 75.3 Millennials (ages 18 to 34) compared with 74.9 million Baby Boomers. This racially diverse, economically stressed and politically liberal group is also taking over American jobs: Millennial workers this year grew to outnumber Gen X workers, making them the largest share of the U.S. labor force. Chosen excerpts by Job … Continue reading
Millennials will soon become the nation’s largest living generation. They already have surpassed Generation X to make up the largest share of the U.S. workforce. Despite the size and influence of the Millennial generation, however, most of those in this age cohort do not identify with the term “Millennial.” Just 40% of adults ages 18 … Continue reading
Despite the unprecedented challenges facing our generation — unique challenges that no other generation has been confronted with — there are actions you can take to increase your chances of landing a job that will help advance your career and put a decent paycheck in your pocket. Here are a few best practices: 1. Cold … Continue reading
Five years into the economic recovery, things are looking up for young adults in the U.S. labor market. Unemployment is down, full-time work is up and wages have modestly rebounded. But, according to a new Pew Research Center analysis of U.S. Census Bureau data, these improvements in the labor market have not led to more … Continue reading
Only 28 percent of Millennials feel their current organization is making full use of their skills Deloitte finds
Business should focus on people and purpose, not just products and profits in the 21st century according to Deloitte Touche Tohmatsu Limited’s (Deloitte Global) fourth annual Millennial Survey released today. This and other findings from the survey suggest businesses, particularly in developed markets, will need to make significant changes to attract and retain the future … Continue reading
Millennials at Work – Three in four say it is likely they will live in a place where they do not need a car to get around
Four in five millennials say they want to live in places where they have a variety of options to get to jobs, school or daily needs, according to a new survey of Americans age 18-34 in 10 major U.S. cities, released today by The Rockefeller Foundation and Transportation for America. Three in four say it … Continue reading
Millennials, or America’s youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation’s population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today. Overall, millennials are more diverse than the generations that preceded them, with 44.2 … Continue reading
Here are two ways employers can retain millennial talent: 1. Put yourself in the shoes of the potential employee. “No matter how passionate you are about your company, it’s important to always look outside a person’s job responsibilities and guide them to focus on areas where they want to develop themselves in,” said Aaron Harvey … Continue reading
By 2020, Millennials will comprise more than one of three adult Americans. It is estimated that by 2025 they will make up as much as 75 percent of the workforce. Millennials’ desire for pragmatic action that drives results will overtake today’s emphasis on ideology and polarization as Boomers finally fade from the scene. Thus, understanding … Continue reading