Millennials And Job-Hopping: What's Really Happening And What It Means
Here at STORI jobs we like stories that clear the air about millennials. Check this out!
Okay – who started the rumors that millennials are opportunistic, fair-weather employees just biding their time until they “trade up” to the next gig?
Because, wonder of wonders, it doesn’t seem to hold up against the facts any longer. Thanks to data on job retention furnished every two years by the U.S. Department of Labor, we can compare retention between millennials and Gen Xers when they were both the same age. The results are interesting:
When you compare people aged 18 to 35 from February 2016 (millennials) and February 2000 (Gen X), you find both groups report a similar tenurewith their current employer: roughly 13 months. Things get even more interesting when you compare folks who’ve been with their employer for five years or more — the figures stand at 22% for millennials and 21.8% for Gen X. Things are pretty close here, too, but millennials have a slight edge over their forebears.
So, what does this all mean?