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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."
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!
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.
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.