Millennials are quitting their jobs. Though this was being reported prior to the Covid-19 pandemic, this did not stop Millennials from searching for more opportunities There are many speculations as to why, from burnout, Covid-19, laziness, and the good old-fashioned entitlement theory, however, there is more to this than just Millennials don’t feel like working. It was time to explore the environment in which Millennials are working.
In this episode of Have You Heard This? Titled WE ARE NOT QUITTING OUR JOBS FOR YOLO! WE ARE LEAVING A TOXIC ENVIRONMENT!!
Erica Ervin age 34 who has been working with her company for 4 years and noticed changes within her company’s culture and they aren’t for the better. She states that she had growth protentional in her department, she had responsibilities’ all of that have been slowly taken away along with the opportunity for growth and development.
According to Whattobecome.com 13% of Millennials are planning to leave their current positions within 6 months and 21% have already switched jobs in the past year. According to betterteam.com Millennials feel misunderstood, ignored by managed and coupled with the stereotype that they are spoiled created a toxic work environment, which causes a Millennial turnover rate that is costing the U.S. economy $30.5 billion dollars Whattobecome.com. So how can this be resolved?
betterteam.com has suggestions for companies being diversified in management teams and promoting a healthy work-life balance. Also offering career growth and frequent affirmation will make employees work and stay with their current employer. In fact, Whattobecome.com reported that 95% of Millennials in the U.S. value specific on-the-job training and mentorship. Also, that 44% of Millennials engage more if their management would meet with them at least once a week. If any of the aforementioned is not happening with their current employer, they are willing in high numbers to leave for that an employer that presents this as a part of their work culture.
For Erica and the other millennials out there on the search for a work environment that provides an opportunity for growth and development is key for employee retention only time will tell if this will actually happen for 56% of the workforce.