Millennials: Looking for New Experiences; Not a New Job
January 03, 2018
Millennials: Looking for New Experiences; Not a New JobDownload Article
High-achieving millennials expect to stay with their current employer for five years, regardless of circumstance, salary or responsibilities, according to an FTI Consulting study1. Given that millennials will account for 50% of the global workforce by 2020, what can be done to keep your company’s most talented young employees engaged and committed?
A better understanding of high-achieving millennials is crucial because of the potential impact they have on an organisation’s bottom line. Their typically flighty nature and growing social networks dominate headlines – but how do these behaviours translate in the workplace and what can employers do to grow their millennial talent? Our research shows:
- High-achieving millennials expect to work with their current employer for no more than five years
- 1 in 4 are actively looking or expect to look for a new job in the next 12 months
- It costs on average $25,000 to replace talent