The greatest talent challenge currently facing the world's
employers is engaging the Millennial generation. Businesses run the risk
of losing a large percentage of their workforces if they do not adjust
to nurture loyalty among Millennials.
In Deloitte's recent 2016 Millennial Survey,
they collected the views of nearly 7,700 Millennials representing 29
countries around the globe. All participants were born after 1982, have
obtained a college or university degree, are employed full-time, and
predominantly work in large (100+ employees), private sector
organizations. The survey had a focus on Millennials' values and
ambitions, drivers of job satisfaction, and their increasing
representation on senior management teams.
Millennials are leaving.
Millennials have recently become the largest share of
the US labor market. In this current survey, 12% of Millennials are
either the head of a department or division or 7% have a position within
his or her senior management team or board. Millennials are no longer
the leaders of tomorrow but rather are rapidly becoming the leaders of
today. Yet there is remarkable absence of Millennial loyalty and
engagement that represents a serious challenge to the longevity of any
business.
* 66% of Millennials expect to leave their organization by the end of 2020.
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