Why Millennials Leave Organizations (and What Senior Leaders Can Do About It)
There’s a war going on. It’s not one that you read in the headlines. It’s a war for Talent.
Selecting and keeping an engaged A+ team is getting more and more difficult. Every week I hear from leaders who face a talent shortage recruiting and selecting new team members. David Witt has some great thoughts as we foster this growing leadership population.
In their 2014 Employee Engagement Trends Report, consultants at Quantum Workplace looked at survey findings from more than 400,000 employees at nearly 5,000 organizations.
In exploring the importance of various drivers of Millennial engagement and retention, Quantum researchers found that Professional Growth and Career Development came in at number one. They observed: “If young employees aren’t having their needs for professional development met, they will seek opportunities elsewhere.”
Clearly, the ability to grow in both their job and career is a necessity for workers ages 18 through 34. But current data shows that employers are not meeting this need effectively. More than 60 percent of Millennials leave their companies within three years of arriving, according to data from a 2013 Cost of Millennial Retention Study.
Gaps in Career Conversations
Research conducted by The Ken Blanchard Companies points out an opportunity for employers to address this need. Blanchard teamed…
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Chad Pfeifer 