When we were doing research for Ultimate Guide To Recruiting And Retaining Millennials, we were interested to find out what makes millennials decide to stay at their jobs or leave. We got a resounding answer about one factor:
This affects how they decide which job to take, too. The Kenan-Flagler Business School found that over half of millennials say that opportunities for career progression make an employer attractive.
Millennials expect swift career progression—along the lines of every 12 to 24 months, according to a recent Deloitte study. So if you don’t give them chances for professional development, you can count on a solid majority of them to have one foot out the door.
And don’t forget, you benefit too. While millennials are building up their skills, you’re getting a better engaged, highly trained workforce. Not a bad way to build up the strength of your team, is it?
- To Retain Millennials, You Should Give Them Extra Work
- 7 Things Millennials Crave in Organizational Culture