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No, Millennials Aren't a Bunch of Job-Hopping Flakes (fastcompany.com)

From a report: Today, Pew researchers published findings that refute yet another stereotype about millennials that actual millennials find infuriating: the idea that they're job-hopping more often than other generations. According to Pew's analysis of recent government data, "college-educated millennials are sticking with their jobs longer than their Gen X counterparts."

34 of 214 comments (clear)

  1. No so many jobs to hop to by gatkinso · · Score: 3, Interesting

    I suspect this is the driving factor.

    --
    I am very small, utmostly microscopic.
    1. Re:No so many jobs to hop to by Tailhook · · Score: 2

      I suspect this is the driving factor.

      That was self evident to me. They're not loyal to their employers because their employers are great and worthy of their time. They don't have options, so they cling to what they can get. In two other millennial stories appearing today and not being featured on Slashdot; millennials can't afford the world their parents have made for themselves, so they're still mostly at home, wondering who pulled up the ladder. As such, their prolonged childhood continues.

      And if your knee jerks up and smacks into your chin with a "uneducated plebs and their sense of entitlement" view, you should think about who we have for a president now and how well your indifference is working out for you. You can't actually shit on a whole class of voters forever without consequence until you take away their vote.

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      Maw! Fire up the karma burner!
  2. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by Rei · · Score: 4, Funny

    You forgot to add "get off my lawn!".

    On that note, why aren't baby boomers eating pho?

    --
    Very well; let this abomination unto the Lord begin!
  3. Pew Researchers.. no shit sherlock by brxndxn · · Score: 5, Insightful

    This just in.. Pew Researchers find out yet another stereotype only applies to a small percentage of the group. I can't wait to see the non-millennial minds blown when they conduct more research and find out the following: - Millennials are mutli-racial despite being portrayed as upper middle class and white - Millennial work ethics vary greatly - Some are hard workers and others are not - Millennial spending habits are all over the map - Some are savers and some are spenders - Some Millennials voted for Trump (GASP) Every generation is different.. I just hope one outright identifier of our generation is our acknowledgement of our differences and ability to cultivate a society where our differences are respected. In other words, be more specific when trying to identify trends across groups of people.

    --
    --- We need more Ron Paul!
    1. Re: Pew Researchers.. no shit sherlock by Opportunist · · Score: 2

      A hippie turns into a boomer the moment he moves from cocaine to Rogaine.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  4. Staying still can lead to financial suicide... by __aaclcg7560 · · Score: 5, Insightful

    The problem with holding one job for too long in IT Support is that you make less money with 2% raises over time than someone who has short-term contracts at different companies. I ran into an old coworker a few years ago during a job interview. He was still making the same kind of money that I made when we worked together 10+ years ago, but the company wanted to pay me 40% more for doing the same work. Fortunately, I had three job offers to pick from and went for the higher offer from a contracting agency.

  5. Re:Except by Oswald+McWeany · · Score: 2

    To suggest that they job hop suggests that they have a job and aren't living at home in Mom's basement posting on Slashdot all day.

    --
    "That's the way to do it" - Punch
  6. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by AmiMoJo · · Score: 2

    Millennials actually seem to be quite conservative in terms of the financial risks they are willing to take. Not that surprising, they have been royally fucked by the Boomers and are facing some huge problems coming down the line (paying Boomer's pensions/healthcare, severe environmental problems and disorderly transition, student loans reaching critical mass etc.)

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  7. Gen X are even greater job-hopping flakes! by 91degrees · · Score: 2

    I say this as a Gen-Xer.

    My parents were in careers where you could reasonably be expected to work in the same company all your life. but things are different now. Not sure if the job market is more turbulent, or attitudes have changed. Perhaps this is a result of changes in corporate culture, or faster moving technology resulting in a lot of companies expanding, contracting, forming and collapsing. I get the impression that it was a similar situation for workers during the industrial revolution as well.

    And companies are part of this change. If a department needs a new manager; they might consider hiring from the lower rank, but they're just as likely, if not more, to advertise from outside.

    1. Re:Gen X are even greater job-hopping flakes! by gatkinso · · Score: 2, Insightful

      Your parents were working for companies run by the greatest generation.

      Gen X'ers worked for companies run by your parents. See the connection?

      Now that Gen X is running the show, what is left seems to be more stable.

      --
      I am very small, utmostly microscopic.
    2. Re:Gen X are even greater job-hopping flakes! by jeff4747 · · Score: 5, Insightful

      My parents were in careers where you could reasonably be expected to work in the same company all your life

      Your (our) parents worked for companies that cared about employees. Layoffs were a last resort. New technology? Time to send some employees to get some training on that technology. And so on. The result was loyal employees, low hiring costs and massive institutional memory which made the company far more effective in the long run.

      Then the long run became less important. Executive compensation moved from primarily salary with some bonuses/options to primarily bonuses/options with some salary. A big layoff would result in a large pile of cash because of how it could goose one quarter's results, even if it hurt the company in the long run. "Personnel" was replaced with "Human Resources". Training budgets became "waste" instead of a good investment. Same with the "R" in R&D. Employees were now lazy moochers taking away from the bottom line, instead of the people who actually create that bottom line.

      Employees responded to this in the entirely logical way: if the company doesn't give a damn about the employees, the employees aren't going to give a damn about the company. And changing jobs every 3-5 years brought in larger raises than staying put.

      Moving back to the old paradigm would require a massive philosophical change in the executive suite. So it's not going to happen any time soon.

    3. Re:Gen X are even greater job-hopping flakes! by Opportunist · · Score: 2

      My father worked in one job for his whole life. My mom had a total of three (mostly because of pregnancies). I had 8 so far. And counting. I'm probably about at half time for my total working years.

      Companies today keep reorganizing constantly, something that was pretty much unheard of two or three decades ago. That means people get laid off, people get hired, people get switched around, people get moved to other companies in mergers where they might not like the company culture and quit...

      Now add that leaps in salary ONLY happen when you switch jobs and you know why people keep hopping. I just calculated it, if I stayed in my first job that I actually had for a whooping 5 years, I would now earn about 60% of my actual salary.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    4. Re:Gen X are even greater job-hopping flakes! by 91degrees · · Score: 2

      I'm not necessarily saying this is a bad thing. Job flexibility has its benefits, after all. But there is certainly a quid pro quo here. The employee's loyalty is a reflection of the company's loyalty.

    5. Re:Gen X are even greater job-hopping flakes! by Khashishi · · Score: 2

      And changing jobs every 3-5 years brought in larger raises than staying put.

      Bingo. If companies cared about retaining employees, they would give them more than inflation-level raises.

  8. Two things by dfm3 · · Score: 4, Insightful

    There are two factors at play here. One, employers these days no longer offer as many incentives that lead to employee retention, and instead treat them as a disposable "human resource" to be squeezed in the eternal quest to maximize profit. It's virtually impossible to find an employer with a pension plan any more, and even benefits such as retirement and health insurance are becoming increasingly rare.

    All of those benefits were taken for granted 30 years ago. When I was growing up in the 80's, the assumption was that you go to college, get a degree, then immediately get hired by a company and start building your retirement savings and pension while slowly working your way up the corporate ladder within the organization. These days, that's not as common. The baby boomers had those things, and lived under the assumption that each generation would be a little more well off than the last. Thus we were all told that if we worked just a little harder, we'd be more successful at the American dream.

    Second, the loss of benefits and the downward trend of wages meant that more of us in the gen-x/pre-millenial generation spent years trying to delude ourselves that those types of job benefits were "just around the corner" and that our current job was just a stepping stone to the career that would give us job security and retirement savings. Now the reality of the new economy has set in and the benefits are vanishing, and most millennials have realized that in many cases the job they have is as good as it's going to get. Switching employers is also getting harder because there is so much competition these days; an opening that at one time would get 20-30 applicants now receives hundreds of applications from people looking for that elusive career.

    1. Re:Two things by monkeyxpress · · Score: 2

      The baby boomers had those things, and lived under the assumption that each generation would be a little more well off than the last. Thus we were all told that if we worked just a little harder, we'd be more successful at the American dream.

      The baby boomers voted to give themselves those things when they had retired. While they were working they only had to pay for a smaller number of older people who did not live as long past the retirement age as the boomers are going too. That is the main reason successive generations are screwed. Whether by student loan, higher property prices, higher rents, more taxes, higher 'pension pot' contributions, more immigration, the young worker of today is going to get the income squeezed out of them to pay for a lot of promises that were made by politicians who are no longer in power.

    2. Re:Two things by dfm3 · · Score: 2

      The baby boomers voted to give themselves those things when they had retired.

      Exactly! And you how much I would love to be able to make the same choice! After retirement, my father is able to draw from a pension and a 401(k) from the two employers he worked at over his lifetime, and it's more than enough to live comfortably. At this point I only have the latter, and it will not be nearly enough to support even my basic needs when I retire. And for the very reasons you mention, it's nearly impossible for me to save beyond that. What savings I do have, I pray that nobody in my family ever has a major illness, because even with insurance it would be wiped out overnight.

      Who was is that said, the old American dream was a house in the suburbs, two cars, and a pension; the new American dream is being able to afford the rent?

  9. Gen X was the same by known_coward_69 · · Score: 2

    I think we even pioneered it. Late 90's up to around 2001 and then starting in 2003 people were spending 6 months to a year at a job and then looking for something else

    1. Re:Gen X was the same by painandgreed · · Score: 2

      I think we even pioneered it. Late 90's up to around 2001 and then starting in 2003 people were spending 6 months to a year at a job and then looking for something else

      Hardly. The reason the 50's are looked back so fondly on is because there was increasing labor wages and much job jumping to be done to get an effective raise. It was like a decade long .com boom.

  10. Gen-X don't leave their jobs, the jobs leave them by substance2003 · · Score: 4, Insightful

    As a Gen-Xer myself, I wasn't leaving my jobs, most of the time, the jobs were contracts or would end.
    We didn't have stability like our parents before us or expect a wage hike without moving to another company.
    Do the number separate the ones leaving vs those being let go?
    My current position is the 1st in my career where I have made it past 5 years of service non-stop. I did work before in another field where I lasted more than 4 years but would end up on unemployment insurance every year for 3 months worth time more or less depending on production needs.

  11. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by geekmux · · Score: 2

    On that note, why aren't baby boomers eating pho?

    You're asking why the elderly at-risk generation who is statistically suffering from diabetes, heart disease, and obesity is not eating a bowl of salt?

    Don't get me wrong, I like a good bowl of pho, but there are few dishes that you can ingest three days worth of sodium in less than 15 minutes. Go figure the generation who's probably been chastised by their doctor about shitty eating habits shuns it.

    This is like asking why vegans aren't eating McDonalds.

  12. Re:Thanks Obama! by Merk42 · · Score: 2

    It'll be the Obama Recession, obviously.

  13. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by TheRaven64 · · Score: 2

    Poe's law strikes again. I honestly can't tell if this post is satire, or the result of reading a satirical article and completely failing to understand the concept of satire.

    --
    I am TheRaven on Soylent News
  14. Re:Why are pew researchers so lazy? by serviscope_minor · · Score: 3, Insightful

    I think it's pretty easy to understand why job hopping is on the rise.

    You also forgot that it was business that pioneered the idea that new management should sweep in and fire, er lay off, er downsize, er rightsize, er tell to fuck off a bunch of people.

    It makes no sense to show the slightest shred of loyalty to a company that would fire you to gain a miniscule bump in quarterly profits.

    --
    SJW n. One who posts facts.
  15. Re:Millenials... by serviscope_minor · · Score: 2

    The first generation to have degrees so they can work as baristas.

    The first generation that has to have degrees so they can work as baristas.

    --
    SJW n. One who posts facts.
  16. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by Ol+Olsoc · · Score: 2

    Millennials actually seem to be quite conservative in terms of the financial risks they are willing to take. Not that surprising, they have been royally fucked by the Boomers and are facing some huge problems coming down the line (paying Boomer's pensions/healthcare, severe environmental problems and disorderly transition, student loans reaching critical mass etc.)

    Wouldn't it be nice if we could just kill those goddamned boomers - the cause of every problem, and the elimination of which would cause the world to enter into universal prosperity?

    Here's how i see it. Remember "The Greatest generation?" The best people ever conceived and begat? I recall that at the same time as being best, they actually managed to cause a momentary downtick in the world's population, put us in various military actions in the far east, left us with burning rivers, put asbestos in our toothpaste, killed children with X-Ray machines for their feet, and a whole bunch of other stupid stuff that kinda puts the lie to the idea.

    Short version is the evil Boomers did not have a pristine and perfect world handed to them that they fucked up just to hand it to the poor millenials, while they laughed all the way to the bank.

    The evil boomers surprisingly enough, have corrected a lot of environmental problems as well. It's just not politically correct to admit that.

    Pensions? Wow, I thought you were a liberal, Animojo! Most pension hate that I've seen is just the financial version of penis envy. Except the people without want to cut off the penises of those who do have one. But I digress

    Back when I graduated and entered the workforce, it was tough for an unmarried male without military service to get a job. So it took a while for me to get started. I was a lifeguard at two places, a cable television lineman, a auto parts and traveling tire salesman, and a pizza chef.

    What I wasn't, was whining about it.

    And there is what I think is a real difference.

    There are different circumstances that different generations of people are born into. I couldn't help that I stood a good chance of being drafted and sent to Vietnam to die. I couldn't help that when I graduated, the country was in a recession, and I had to work odd jobs until I found my career. I couldn't help so many things.

    But I didn't declare defeat and cry about how mean the world was to me. Which seems to be the state of the millenials - at least those I know personally. And whom fit the meme.

    And therein lies the difference.

    --
    The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
  17. Re:Millennials AREN'T a Bunch of Job-Hopping Flake by Ol+Olsoc · · Score: 2

    "On that note, why aren't baby boomers eating pho? [byrslf.co]"

    Because it reminds us of Vietnam.

    Jeezuz Christ, that was brutal.

    Pretty accurate too. 8^0

    --
    The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
  18. Re: Millennials AREN'T a Bunch of Job-Hopping Flak by __aaclcg7560 · · Score: 2

    Some of us are hoping to buy a home, but the idea of always-available equity isn't the safety net it used to be.

    My 60-year-old brother can't retire because his mortgage is underwater and has to keep on working until real estate prices return to insane values. Then again, the mortgage will probably be paid off when his 40-year-old wife retires.

  19. Re:Stick with your job when... by Opportunist · · Score: 2

    And since they don't do that, I move to greener pastures when necessary. Right now, I am in a very good position, great work-life balance, good money, good training opportunities and general satisfaction.

    If that's not what you got, get the hell out and move on! Loyalty where it belongs, I am loyal to an employer that treats me like an asset. I certainly am not to an employer that treats me like some expendable tool.

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  20. Re:RTFM by Opportunist · · Score: 2

    "Self-employed not included" is all you need to know this. Because more and more companies don't employ you, they "hire" you. As a contractor. Which makes you technically self employed. For the 2-3 months they want you.

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  21. Awful Stats by avandesande · · Score: 2

    First of all, I don't subscribe to any of the millennial bashing as generalizing this way is pointless. OTOH 2000 was the peak of the internet go-go years and job availability/mobility was very high. 2016 not so much....

    --
    love is just extroverted narcissism
  22. Demonizing Millenials = Convenient Scapegoat by zifn4b · · Score: 4, Insightful

    The reason why millenials are demonized and discriminated against is because it's a lot easier to find a convenient scapegoat than to solve real problems. It's just classic dysfunctional behavior. In fact, I would say millenials are more brave about engaging in conflict about legitimate issues in our society and workplaces that are truly wrong and need to be fixed. They're armed with more knowledge and can't just be bullied into submission with a bunch of pseudo-intellectualist talk.

    Would it surprise you to know that I, myself, am not a millenial? Here's what I have to say about typical "older people". If the music is too loud, you're too old. It's time for the old, obsolete ways of doing things that don't work in modern society to be put out to pasture. If that means old people need to go into nursing homes, don't let the door hit you on the ass on the way in. You either embrace evolution and progress or you get left behind. Your choice. Choose wisely.

    --
    We'll make great pets
  23. Dot Com Boom vs Millenial Bust by el_smurfo · · Score: 2

    In 2000, it was the culture to move quickly from job to job to bump your pay. I didn't and watched my friends' salaries rise 50% or more beyond mine. In 2017, you're pretty darned lucky to just have a good paying job, so you stick around. It may be a culture of fear, but it's a better overall environment.

  24. Re: Millennials AREN'T a Bunch of Job-Hopping Flak by Grishnakh · · Score: 2

    Citation needed. The Millennials I know have Android phones (and may run alternative firmwares), and all the people I know with iPhones are Xers and up.

    I'm sorry, but as an Xer myself, I have much more respect for the Millennials than my own generation. My generation seems to be chock-full of people who absolutely refuse to manage their finances properly, and feel entitled to living like kings even when they don't earn enough money to afford all the luxuries they crave. Then they get mad and blame the "Mexicans" and vote for Trump when the problem is really their own stupid life choices.