Debunking Millennial Myths - Part 2 of 3

Myth 2: They lack loyalty

When describing millennials, the most common descriptor I hear is “job-hopper.” With a number of reports about the high percentage of Millennials expecting to leave their current employees in the next two years, it is easy to see why they are perceived as such.

On the contrary, they are far from this broad-stroked, (and false) generalisation, with 62% of Millennials preferring to change jobs as infrequently as possible.

One of the main reasons for leaving a job? The lack of opportunities for career growth or skills development. In fact, 42% of Millennials mentioned that learning and development is the most important benefit when deciding where to work.

In a poll conducted at one of our previous Town Halls, 25% of our People indicated that “more opportunities for training” is something they would like to see more of at the workplace.

This is why it is important for companies to invest in their talents by supporting their career development; be it cross-functional sharing, lunch-and-learn sessions and online portals for training and development programmes. To help our millennials in Luxasia connect with counterparts across our 15 Asia Pacific markets and gain intercultural exposure, we have offered training courses that allow nominated talents group-wide to come together in one place to learn together.

Good managers would also recognise the importance of having responsibility over their millennial team members’ career development through mentorship and career advice. Millennials simply want to improve themselves, and ensure that their managers and work environment are able to support their career growth and development in order to produce their best work and become a better professional to contribute more to their organisation.