Why Most Millennials Leave Their Jobs
Updated: Apr 3, 2020
The following is an article “Why Most Millennials Leave Their Jobs” by Marc Primo.
With the popularity of social media, more and more millennials are being inclusive, informed, and vocal about a number of social issues that were once considered taboo. The age of information has truly opened a gateway for discussions that redefine today’s culture—even in the workplace.
Seasoned professionals might scowl at how young individuals do their work or express their feelings towards their jobs, but perhaps that’s just how generational gaps go throughout the years. According to this year’s Deliotte Global Millennial Survey, today’s youth (both millennials and Generation Z’ers) find the future a tad unstable after having experienced rapid social transformation while growing up. This is also why most young professionals are more engaged with companies that create positive changes for the environment and society in general.
The study presents some compelling facts, figures, and factors that show why millennials usually leave their desk jobs and go venture into other territories instead.
Conducted in 42 countries, nearly half of the study’s respondents revealed that they were keen on quitting their jobs soon for no apparent reason. On the other hand, 55% of the millennial respondents said they genuinely believed in the companies they work for because these have created passionate social advocacies.
Companies that do not support inclusivity and diversity in the workplace are said to be more likely to experience large attrition rates among the age group in the coming years, as stated in the study by a third of its respondents.
Other major factors that lead young ones to resign from their jobs are salary dissatisfaction and lack of further opportunities in their careers. In fact, more young professionals are venturing into entrepreneurship via startups or work as freelancers in remote set-ups or co-working spaces because they find more flexibility and freedom to do what they want in such arrangements.
However, this does not mean that millennials or Generation Z’ers do not have trump cards to lay on the table. More companies today, who have younger employees on their payrolls, have embraced deeper social advocacies. Likewise, consumers trust more brands in the market who have an affinity for positive social change behind profit. Such impressive values are all attributed to millennials and Generation Z’ers.
The study also proves that even if young professionals are not too keen on staying with companies for the long-term, their career ambitions and life goals are not inferior to those of older generations. 54% of the study’s respondents shared their goals for higher salaries and accumulation of wealth in later ages.
In terms of having a sound family life, or what most Baby Boomers and Generation X’ers consider the pinnacle of adult success, only 39% said they were planning to settle down, placing that prospect at the bottom of their priorities. This common viewpoint also stems from how millennials see the world as an erratic cycle of ever-changing concepts.
What stands out from the study, however, is how the younger generations are seen to be a more resilient bunch in terms of economic and political facets. They are more adamant in fostering changes that can improve society and the world in general, and are more inclined to act on viable solutions for the greater good.