When the word “Millennial” is spoken in organizations, frequently the word that follows is “retention.”
Rightfully, leaders are concerned about Millennial churn as statistics indicate that Millennials change jobs, on average, four times in their first decade out of college—twice as often as the previous generation did. Overall, 60% of millennials leave their companies in less than 3 years, causing exorbitant replacement costs. (more…)
Although statistics vary on the number of jobs Millennials are projected to hold in their careers, one forecast is very clear – Millennials will change jobs far more frequently in their lifetimes than previous generations did.
Obviously, Millennials want to make career progress during these changes and not make “mistakes” by joining companies whose corporate values do not align with their own. Adam Grant, considered one of the world’s 25 most influential management thinkers, says that considering company culture is just as important as focusing on title, position and salary. He states, “The culture of a workplace—an organization’s values, norms and practices—has a huge impact on our happiness and success.” (more…)
Millennials are moving into leadership roles faster than any other generation in the last 30 years. And with the projection that 60% of current organizational leadership will be gone by the end of 2018, we can expect that pace to quicken.
To succeed, these emerging leaders need and want training, coaching and mentoring. They also can use tips from other Millennial leaders who have successfully walked their path. (more…)
This Model Will Give You More Options for Handling Conflict!
Every organization, no matter its size, faces conflict. But the presence of Millennials plus four other generations in our workforce—with their divergent styles, behaviors and needs—can increase and exacerbate conflict situations. (more…)