Tenure: what should we expect in 2023?

Let's talk tenure. Sounds boring but stick with us here.

40 years ago you might have found your first gig and then stayed there for your entire career. Times are changing and we've started to see stints of two to four years become much more common. For gen-z, the average time spent in a job is actually just two years, while for millennials we're looking at about four!

There are some huge silver linings to this change. Yes, it presents challenges, but also some awesome opportunities! We're seeing candidates coming through who have incredible variety in their experience. That's because they've been open to new opportunities when they come, and less concerned about ticking off the time required in a role before moving on.

Just because it's normal for your team to move on after a few years doesn't mean we can't have a good punt at keeping your gen-z and millennial superstars around for a little longer. Here are a few tips that'll have them dodging recruiters calls and sticking with you instead:

1. Give opportunities for growth and development while they're with you so their wandering eyes don't look for it elsewhere.
2. Purpose is key. Gen Z is driven by wanting to make a meaningful impact on this floating rock we call earth. Help them see how their work is making a difference.
3. Encourage work-life balance. If your team need an extra 5 minutes on their lunch break to squeeze in some pilates, we're all for it. They'll thank you for it!
4. Check-in and give feedback. Often. Praise is every Gen Z and Millenial's love language. Plus we all love constructive feedback so we can improve. Book in that one-to-one!

So what should we expect in 2023? The job market is hot right now and plenty of people are jumping on the chance to seek a new challenge. We're expecting to see the average tenure continue to sit within the two to four year range. Yes, that means you might lose a few people. But that also means more fresh and experienced staff for your team. Pretty great if you ask us.

Looking for a new team member? We've got some incredible graduates looking for jobs right now.

visit sjs.co.nz to list a job today.