NEW YORK (MainStreet) — Brittany Laukat, 30, has been a human resources manager at specialty produce company Frieda’s for three years.
During that time, she has observed that Millennials tend to change jobs more frequently than preceding generations.
“We’re trying to address this trend by giving all our employees the opportunity to learn something new every day,” Laukat told MainStreet. “When they’re not challenged or learning, Millennials get bored and when they get bored, they move on.”
An Adecco survey called "Way to Work" found that 83% of 18 to 24-year-olds think they should stay at their first job for three years or less, defying the perception that Millennials jump ship when they're not engaged at the office.
“Millennials were entering the workforce when the economy was tanking, so while they may have got their foot in the door with a job to pay the bills, they are always looking for the next opportunity to earn more,” said Rich Thompson, chief human resources officer with Adecco Group North America.
This has led to a perception that job hopping is the norm for Millennials, even though 31% noted financial stability is their greatest aspiration with only 28% listing that they are currently in their dream job.
“They are thinking long-term and trying to create a strong foundation for their future,” Thompson told MainStreet.
The survey further found that 27% believe Millennials should stay at their first job for one year or less compared to 56% who believe it’s best to stay at a first job for two to three years.
“For Millennials, the number one driving force in the workplace is meaningful work,” said Dov Baron, author of Fiercely Loyal: How High Performing Companies Develop and Retain Top Talent (In-Phase Publishing, 2015). “Companies that are purpose-driven last.”
About 53% report student loan debt as a major consideration in schooling and career choice, according to the Adecco survey.
“Millennials today are simply being more diligent in determining return on investment on a career choice versus an education, whereas I don’t think that was at the forefront as much before,” said Thompson. “With the recession, we’ve seen a big shift with people going to work before continuing their education.”
Some 20% of Frieda's employees are Millennials, and Laukat is constantly thinking up new ways to retain them.
“Frieda’s offers flexible work scheduling which promotes home-work life balance,” said Laukat. “We also offer paid time off that increases with the number of years they work for the company.”
—Written for MainStreet by Juliette Fairley