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Companies can retain job hoppers by offering new opportunities at workplace
Millennials who are known as job hoppers seem to be changing with time with 39 per cent of respondents saying they intend to stay with their current employer for the next few years or longer, says a report.According to a ManpowerGroup report,
NEW DELHI: Millennials who are known as job hoppers seem to be changing with time with 39 per cent of respondents saying they intend to stay with their current employer for the next few years or longer, says a report.According to a ManpowerGroup report, millennials, defined as those born between 1980s to early 2000s, prioritise job security and the opportunity for new challenges and types of work.
"Millennials want new opportunities with this employer not the next - 39 per cent intend to stay with their current employer for the next few years or longer," the report said.
When asked what the "right" amount of time is to stay in a single role before being promoted or moving to another, about 85 per cent said less than two years and 41 per cent said less than 12 months.
"Millennials are used to a faster-paced world and that prefer varied careers that progress more quickly," ManpowerGroup India Group Managing Director A G Rao said.
Around 33 per cent say they would consider leaving their current job due to a lack of appreciation and once they start to look elsewhere other issues like pay, benefits and lack of opportunities become significant too.
Moreover, they are happy to disrupt and be disrupted by new ways of working.
While 74 per cent of working Indian millennials are in full time jobs, 5 per cent say they are open to new ways of working in the future like freelance, gig work or portfolio careers with multiple jobs.
Around 34 per cent Indian millennials are considering self-employment.
"More and more organisations are rising to this challenge of appealing to this set of workforce with a mix of workplace flexibility, HR policies and fun-at-work initiatives that encourage innovation and provide independence and ownership given for each task," Rao added.
The report further noted that millennials are preparing to run "career ultramarathons". Over 39 per cent expect to work past age 65. India rank 16 out of 18 countries surveyed on this criteria.
Around 25 per cent expect to work over the age of 70, and 14 per cent say they will likely work until the day they die.
When it comes to choosing where and how they work, millennials prioritise three things : job security; learning new skills; and money. They also rank holidays and time off, the opportunity for promotion and a flexible working environment as priorities, the report said.
source: techgig.com
