Changing jobs used to intimidate people and it can still be daunting for many, especially when it is imposed by an employer in a tough economy. But for Generation Y, also known as the Millennial Generation, job hopping is top of mind. According to a survey by SBR Consulting, a Charlotte, North Carolina firm that advises businesses on human resource issues, about half of Generation Y professionals (a group born between 1980 and 2000) claim to be in a job they do not like, and many are ready to change jobs.
SBR's Chief Consultant, Stacey Randall, highlights several key findings that emerged in the report entitled, Millennial Generation Today, including:
- Seventy percent of Millennials say they may change jobs once the economy improves.
- Women are more likely to consider leaving their job than men.
- Two out of five Millennials distrust big business.
- Millennials’ top three priorities are compensation, flexible work schedule, and opportunity to make a difference.
- Risk may govern Millennials’ willingness to change jobs, but it does not indicate an increase in expected entrepreneurial activity as only 9% of this generation say they expect to open a business in the next five years.
SBR’s findings are remarkable when you consider the job insecurity that obtains today and they suggest profound implications for companies concerned with retaining the best employees of any age. Is this a response to the fragile economy, along the lines of a way to adapt to reality? Or, is this generation truly different from others? We’ll comment more soon and we welcome your thoughts.
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