Millennials Don’t Actually Want to Job Hop
Over the past couple of years, I keep reading articles that claim millennials have low company loyalty and that job hopping is quite normal.
For instance, according to the Bureau of Labor Statistics, the median employee tenure for workers aged 25-34 in 2014 was three years. Two years earlier, the median tenure was 3.2 years.
While I do agree, to some extent, that millennials today switch jobs at a faster rate than their predecessors, I disagree with the notion that they have low company loyalty or like switching jobs constantly. (I mean, who really wants to pack and deal with moving companies every year?)
In conversations with peers and through my own research, I believe that most millennials actually want job security and stability.
So, why do millennials tend to switch jobs at a faster rate?
Millennials want to work for a company where they truly ‘fit,’ and many millennials have trouble finding that perfect company until the third or fourth time and they don’t like to settle. By fit, I mean an employee’s values should match the values and the mission of the company they are working for.
Many millennials, for instance, deeply value learning and development from their employers and, at their first company, those millennials might not feel they are getting the types of developmental opportunities they need and seek a different opportunity.
Shouldn’t it be easy for millennials to find a company that matches their values?
There are a multitude of reasons why this occurs. Out of college, many millennials might not know exactly what type of company best suits their personality and it takes some time and professional experience to figure out. In addition, given the fluctuations of the economy sometimes you just have to take any job you can get.
How can employers find candidates that truly fit their values?
- Ask candidates where they see themselves in the future: Ask potential candidates where they see themselves in five or ten years. Based on the candidate’s response, assess if the company can help the candidate get to that place or not (Note: If the candidate gives a generic response, press for a more honest answer).
- Be honest about the company’s culture: During interviews, be honest about the company’s culture. Some companies have work-life balance, others don’t. Some companies are more collegiate, other’s aren’t. By communicating what the company is and is not, a candidate will have a better sense of the company and whether they will be a good fit or not. (Struggling writing a great job description? Click here.)
- Be honest about the type of candidate you are trying to hire: During the interviews, communicate what type of candidate would be a great fit for the job at hand and the company. Furthermore, after you explain that to the candidate, ask them how they feel about that. By communicating the type of person you want to hire to the candidate, they (and you) will be able to assess whether or not the job would be a good fit for them.
What are some other tips you have to find candidates that truly fit your company’s values? Let me know in the comments!
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#StudentVoices
Independent Arts and Crafts Professional
8 年The previous generation tended to stay in jobs they didn't love for decades. This group of job seekers saw the toll it took on their parent's health and quality of life. So, they are searching for a work life that makes them happy. From what I've seen, happy people are healthy people.
Digital Marketing Expert | Content Writer
8 年Great article! As a millennial, I have experienced this misconception first hand. I think the main reason for switching jobs frequently for millennials fresh out of school is the lack of experience. Once some experienced is achieved, then other companies that are more geared towards the millennials career goals become interested. This results in jumping form company to company until the required experience is achieved.
Director of Operations at Albert Tire Company
8 年No one wants to job hop. What Mr. Kamath seems to be confirming here is that everyone needs to gain experience. Students coming out of school are not the "solves all" of industry's problems. We all thought that when we first came out of school. Graduating with a liberal arts degree doesn't qualify you to run Microsoft. Even those who have focused on a specific degree, and majored in "their" chosen" career", may find life in the business world not. quite as ideological as it was on campus. Everyone needs to start somewhere. That's why they call it a "job". That is why it is called "work". Mr. Kamath states that the average millennial spends roughly three years on a job and then moves on to the next "searching for the right "fit"". And, that by the "third" job, they have generally found that "fit". Isn't what he is saying more of a fact that they gained "experience"??? And "knowledge"?? Knowledge about themselves(?), and business(?), and working with others in the "off campus" world (?), ...in the "real" world?? By the time Mr. Kamath's millennials reach their third job, they have at least nine (9) years of "experience" behind them (by his own words). And isn't that what is helping them to adjust, and "fit"? Isn't that what makes them have a more clear vision of the position and industry they want to pursue?? And isn't it, that experience, that truly gains them access to a more desirable position?? Haven't we all ventured out after graduating college and "known our worth"?? Which ones of us have started at "the top"?? Millennials are breaking into the business world, ...Just as we all have. I am sorry if I am the one who has to break the bubble, but, we all needed to start somewhere. And "somewhere", as "pre"-millennials seem to have understood, is by getting out and getting your "foot into a door". By starting out and proving yourself. When I started out, the mind set was that, "if you were on a job for more "four" years, and didn't progress", "you were either doing something wrong, or it was time for you to take your experience elsewhere", where your experience was appreciated, and/or you could move on to progress your own career. No one handed you a promotion, or moved someone out of a position, for you, so you could be "happy".(Or created a position for "you"). I read a comment below that said "now" we have more educated people coming into the workforce "than ever before". I'm sorry. I don't see it that way. ...Anyone, ...at any time, who worked to achieve as much knowledge as they could, about the industry they chose to enter, was on the top of their game. Millennials are not all that special. We all had and have dreams. Being born in the age of "the cloud" does not make you "wiser", or philosophically deeper. It puts tools in your hands that sometimes makes you more dependent. More dependent on "the cloud" for your "knowledge", than In years past when you had to work, and research, to gain your knowledge. You didn't gain it from someone else's work, "at the touch of a finger", when you, "yourself", "didn't know". No one wants to "job hop". No one ever did. Millennials are not that unique. Being dissatisfied with your first job is nothing new, and it doesn't make you special. It makes you a normal human being. It makes you human.
Lead- Cadre Development @ Reliance Industries Limited | Employee Experience Champion | Career Builder
8 年Millennials are looking for, as rightly said, fitting in, at the right place, They are more focused on learning and self development. The urge to keep doing something new and novel, without getting stuck in the rut of the mundane is what millennials search for. Being a millennial myself, I can relate to this. Job loyalty will be given when the right fit is found.
Enterprise Account Executive - Cybersecurity, Compliance and Identity Solutions at Microsoft
8 年As a succesfull millennial I can give my opinion about what millenails in general think and why some of them would change companies. First of all and the most important rule that some millennials do not accept is companies managing employees not using a basic rule for milleannials. MERITOCRAZY. There are certain things than some people would accept but our generation believes in meritocracy and we are more sensitive when we see unfair things in the job environment. Personally I haven been valued proprerly most of the time but when you see millinnials moving around companies it's basically because they are doing the same or a better job that some of the "20 years experience" colleagues and they do not get the same conditions, value, development opportunities, career path planning. This does not mean that all of the expirienced professionals are better or worse than millennials. Put my comments into context. .