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In a Poll, 43% of Millennials in 36 Countries Say They Plan To Leave Their Jobs Within Two Years (qz.com)
A poll by Deloitte with more than 10,000 millennials across 36 countries found that 43% of them are planning to leave their jobs within two years, while only 28% are looking to stay beyond five years.
Captcha: unionize
Do most jobs last more than two years in 2018? We're not living in 1958 where someone could go to work for GM or IBM at 21 and work there for 40 years till retirement.
Employers can fire you at a moment's notice -- why should they expect more loyalty in return?
i think that's low
...after decades of eliminating long-term employees, companies face employees that do not plan on staying with them!
Can you imagine that?
* live at home well into their 20's
* have zero savings
* are now being passed up, already, by the born in the late 90's kids who for some reason have a work ethic that missed most of us.
Frankly, I believe my entire generation is going to be a strange and odd footnote in history. Those behind us act a lot more that those who came before us, and I can only think this is due to exasperation with the culture we've tried to create.
Most millennials will still be flipping burgers.
"Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
They're millennials, they don't have jobs!
Jumping to another company has ALWAYS been the most effective way to increase your pay.
They would be stupid to plan on staying on their first job for more than two years.
I work in recruitment for engineers in the civil infrastructure space. There are plenty of millennials in that pool.
That % is going to very much depend on how the question is worded. I would argue that most people don't have a 2 year plan, let alone a 5 year plan. When I approach someone and try to tempt them with a new job I get about 10% of people that are genuinely interested in looking at a new role and I don't see much variation based on age range. But this is not them deciding to look for a new role, that is me trying to poach them.
My clients see turnover rates of about 12% - 15% per year, a turnover of over 20% per year would be a sign of significant internal culture issues. Obviously this is a self selecting set of high income high education worker and will not represent the entire market by any means.
and they don't train. H1-Bs and outsourcing ended that. So the only way to get ahead is to use your current job as a spring board into something better. And since inflation's still a thing and companies don't give raises you're either getting a new job every two years or taking a substantial pay cut.
Any pretense of a "social contract" is gone. What I don't understand is why folks don't all get behind Bernie Sanders' New New Deal. It's about time to hammer out a new contract since the ruling class reneged on the old one. And while we're at it we might as well take more for the working class this time.
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As a "millennial", I loathe incompetence, both below, and above. Incompetence below me can be worked around, incompetence above is irreparable. I can honestly say, despite having never been fired, and having had multiple jobs, I have never quit a job, I have only fired employers. When an employer fails to meet my needs, I replace them with another one. Baby boomers are baffled by this, because they've never lived in a world where they are inherently replaceable.
Admit it. You post strawman arguments as AC so you get modded Insightful for refuting them, rather than Troll
Millennials just give back the consideration they get from their employers. Companies treat human resource as a fungible asset at best, or as an undesirable cost at worst. No surprise employees are not loyal to their employer in such an environment.
Not one is waiting on a career to make their dent. Every single one of them has a plan to which they've witnessed how not to make it a career
Good. More for me.
The article you linked to gives a long list of reasons that Circuit City failed.
Spending less on customer service staff (being more like Walmart and Amazon) may have been a mistake, or may have been a good idea. I learned the hard way, by screwing up my business, that losing customers isn't always a bad thing.
Suppose you have a business and you can make a decision which will save $1 million and lose 10,000 customers. Should you do it?
Think about your answer for a second, then consider these two related questions:
Suppose you have a car dealership and you can make a decision which will save $1 million and lose 10,000 customers. Your average net profit per customer is $1,000, so losing 10,000 customers means losing $100,000,000.
Should you do it?
Suppose you have a gumball machine business and you can make a decision which will save $1 million and lose 10 000 customers. Your average net profit per customer is 5 cents, so losing 10,000 customers means losing $500.
Should you do it?
Whether cutting costs in a way which loses customers is a good idea entirely depends on how much your average profit per customer is, how many customers you'll lose, and how much you can save.
To put it another way -
You will get more customers if you hand everyone a $50 bill when they walk in the store. Should you do that? Deciding to NOT do that is losing potential customers. And it would be stupid for businesses, because the extra sales would be less than the cost of handing out money.
Walmart and Amazon show that a retailer can make a lot of money with while spending very little on sales staff. Typical car dealerships show that you can make a lot of money by spending the money to pay great sales people. Neither is always right, you have to make the right decision for that business, in that industry, at that time. The consumer electronics industry, like Circuit City sold, has moved away from sales people.
> The problem with you people is you think everyone is "excellent".
Of course everyone is excellent. They all got the trophy, didn't they?
Your example is not about customers, but sales, although they are largely interchangeable.
But you also have to keep in mind that you aren't just losing track of skilled workers, but also knowledge and experience. The lack of experienced employees can cause there to be a bottleneck for important skills proliferating.
While we can't know for sure, we do know that it aligns with the interests of shareholders and often CEO performance pay to get short-term profits. Cutting useful staff is a quick way to do that, and the CEO will have already made their money by the time consequences set in.
Also, Walmart in particularly sells a lot of "inferior goods," whose consumption increases as wages go down, so there is a perverse infrastructure to keep their employees impoverished.
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The New Deal was funded with large tax increases on the wealthy. Following it and up until the 70s the marginal tax rate was 90% (e.g. you paid 90% of your income after around $22 million/year when adjusted for inflation). Wages weren't paid as stock dividends yet and offshore tax shelters weren't a thing so the tax was actually paid. It was the largest sustained period of growth in the middle class in American history. These are all facts, and you can verify them with a few minutes/hours on google.
Then Nixon & Regan came along, convinced everybody that Government was the Problem and Not the solution (lovely slogan that) and real wages and the middle class have been in decline ever since. This is also a fact you can verify on Google.
Face it, right wing economics don't work. We tried my way and it worked. We tried your way and it didn't. The logical thing is to go back to my way. Stop _feeling_ and start _thinking_. That's the only way out of this mess.
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.....about employment issues, the progressives fail to take into account anything other than a short-sighted hate.
For starters, here are the arguments, in a nutshell;
Progressive: Employers aren't loyal and will replace you at a drop of a hat with cheap labor!
Conservative: Let's end illegal immigration, H1-B visas, and offshoring, thereby reducing the pool of "cheap" labor.
Progressive: RACIST! RACIST! Workers of the world unite! RACIST!
Progressive: Employers are greedy and don't pay a living wage.
Conservative: Let's end illegal immigration, H1-B visas, and offshoring, reducing the pool of "cheap" labor, and increasing demand for local workers.
Progressive: RACIST! RACIST! Workers of the world unite! RACIST!
Progressive: Employers hide all their money overseas!
Conservative: Let's reduce the corporate tax rate, reduce the penalty to repatriate funds, and reduce taxation overall.
Progressive: Murderers! You want the poor to die! They need those tax dollars you just cut you greedy bastards!!!!
etc...etc....
That 43% of a random collection of millennials around the globe don't plan to stay with their current jobs past two years is far from surprising. We're talking about the world, not about just the 50 united states, or just the EU - it likely includes so-called third-world countries where things are tougher.
I can easily imagine that 43% of the respondents were working dead-end jobs in third-world countries, that would easily account for the majority of the 43%, add in a few over-educated/frustrated starbucks barristas or barnes and noble booksellers and 43% is easy to imagine.
Ken
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WARNING: Smartphones have side effects--most of them undocumented.
get outsourced. My dad amongst them. He has exactly the same mentality the GPP states, and thinks I should get a job and work there for 15+ years like he did, even though that ignores the fact that every place I have worked had a revolving door policy with employees because employees were inherently more replacable than incompetent management, which usually either had nepotism-like relations to the owners of the business, or had social skills which allowed them to direct blame onto others, even as they fell upward.
The consumer electronics industry, like Circuit City sold, has moved away from sales people.
Oh thank goodness, I have never had a good buying experience with a sales person. (Except in Japan, but that is wildly different).
"First they came for the slanderers and i said nothing."
I plan to fuck a supermodel. Doesn't mean I'll succeed.
Table-ized A.I.
Fight for $15 = "even though I am so unskilled that despite my years in the workforce I can't find an employer willing to pay me more than $15 / hour, I'm going to attack the one place actually willing to give me a paycheck."
Here's what happens when minimum wage goes up: employers institute layoffs and increase the workload on the remaining staff. Meanwhile, people who used to be able to get low paid jobs now can't get any jobs and so they go on welfare or starve.
Minimum wage laws create mass unemployment.
In Another Poll, 56% of Millennials Bosses in 36 Countries Say The Jobs Plan To Leave Their Millennials Within One Year.
Film at 11.
America has minimal government interference in transactions between consenting adults,
Except when it concerns what's going in the bedroom (sexual orientation, sex workers, etc.)
Then suddenly it's the government business to interfere legally as much as possible.
which is proper.
The idea behind the various European governments is to balance long term risk and costs.
The thing to which the adults might consenting could come with tons of long-term risk.
Health (both physical and mental) and safety risks, that the public healthcare system could end-up paying.
By putting some limitations on health and safety hazards, the government is limiting the money that they would have to chip-in in the long-term.
Better make sure to have a healthy population that has enough opportunity for out-door activities, rest, healthy diet, etc.
than having to support tons of people with burn-outs, depression, work-place accidents, work-place chronic disease, obesity by being on constant fast-food diet, etc.
Oh, yeah. I forgot. That requires to actually something resembling a public health-care system.
(Note that the same idea goes regarding drugs or prostitution. People will be doing it anyway, so it better be done within normal, legal (and tax paying) respectable business or self-employment, rather than enriching criminal gangs and putting a high unnecessary burden on the legal and prison systems).
If you want extra vacation rather than higher pay, then that should be between you and your employer, not something imposed on every worker by the government.
And when you ask, you're employer will say no.
If you try to shop around you'll find most other employer are think why should *they* if nobody else is doing it.
Thinking of leveraging your exclence/skills/competencies/relevance as a key employee?
Haha... The employer would dream to replace you with someone less experienced, less competent, but incredibly cheaper, and then give himselve a bonus to celebrate the decreased costs with absolutely no long-term thinking.
Seems to us European that in the US, the negotiations between employee and corporations is strongly dis-balanced in favour of the later.
But yeah, unions, more social-leaning polical parties and anything that could work a little bit more toward better situations for employ is "evil communism" and should be fought off.
"Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
The commie unions are mini-dictatorships. Freedom means RIGHT TO WORK, but commie union bosses want to force everyone to pay their fees and submit to their control.
As a manager in a right to work state, I will always fire anyone who threatens to unionize immediately.
Thankfully, this is no longer the early 20th century and support for right to work is growing. The commie unions are losing their power.
As a manager you use your power to keep the workers down knowing that there's a long line. Fucks like you are why unions are needed, not as a way for people to get dues. You can't treat your workers like shit if they'll all take the hit and up and out on you. Without the guy doing the actual work you've got fuck all yet most of the time the people doing the work get the smallest piece of pie. Fuck you.
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As a manager in a right to work state, I will always fire anyone who threatens to unionize immediately.
I hope you do, because this is a violation of the law, and both you and your company will be sued into bankruptcy if you try it.
Spending less on customer service staff (being more like Walmart and Amazon) may have been a mistake, or may have been a good idea. I learned the hard way, by screwing up my business, that losing customers isn't always a bad thing.
It's a bad thing for circuit shitty, which always depended on selling some crap which isn't actually worth what they're charging to people who don't know any better. A business like that depends on getting as many people through the doors and buying stuff as possible.
Walmart and Amazon show that a retailer can make a lot of money with while spending very little on sales staff.
That's a particularly interesting comparison since those two are currently locked in battle to be the masters of retail. I think Amazon is going to win, because floor space is becoming more and more of a liability. B&M stores typically don't have what I want anyway, so going there is just a waste of time. The only exception is groceries, and that only because I buy mostly actual food (from around the perimeter of the store.)
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
> It's a bad thing for circuit shitty, which always depended on selling some crap which isn't actually worth what they're charging to people who don't know any better
Yeah their prices were high. One way they could have tried to survive would have been to reduce prices and costs. Be more like Fry's. Get rid of unnecessary expenses, such as commissioned sales people, who didn't actually know the product well, they knew how to sell crap to consumers who didn't know better.
to be thinking about leaving your job in the next couple of years. Unless you're looking to just get a paycheck sticking at any one place for too long isn't going to be doing your skill-set any favors.
Given that most jobs no longer offer regular pay rises or advancement then it's not really that surprising that people are moving more often, I was straight up told by my last company (which I had worked for for 5 years) that if I wanted a pay rise I would have to leave and find another job. So I did.
Bullshit. Judge them by their actions and you know it's bullshit.
There are 3 different sorts of employees in the USA. ... food service, assembly lines, usually earning $40K or less. Usually these jobs go to people without a 4 yr college degree.
* low-paid, hourly workers
* highly paid employees under "salary" of management level or higher. These are usually University graduates earning $70K+.
* Independent Contractors. These people are business owners.
There are rules that apply to the 1st group - 40 hrs/week plus overtime at either 2x and 1.5x the normal hourly rate. People are always free to refuse overtime, but there are often repercussions if they do - like being fired for other reasons. Hourly employees are usually told when to show up, when to take a break, when to have lunch/dinner and exactly how to do everything around their jobs.
"Salaried" employees are required to work until it is done. Whatever "it" is. I've worked 80+ hrs a week as a salaried employee, but I arranged to be paid 2x. Most people don't. It is very common for salaried employees to work 50 hrs/wk in the USA. Part of being salaried is that we don't watch the clock and the employer doesn't either. We show up to work as needed - some at 6am, others at 10am, take lunch when it is convenient for us and the company, and stay in the afternoon as long as makes sense. For the last 20+ yrs, telecommuting a few days a week has been possible in my salaried jobs.
Salaried employees get better benefits than hourly. Usually more retirement savings, additional days of vacation for every year of service, much more flexibility around the job. The ability to take time off in the middle of a day to attend school presentations, visit sick friends/family, just a bunch more flexibility.
"Contractors" are business owners, usually with a B-2-B relationship to their clients. They do whatever is necessary for their clients. They either bill by the hour or by the job. I've been a contractor earning about 60% more money than the employees doing the same job. When money was tight, a client might limit my hours, which made me happy. Often, they wanted more hours and were fine with paying. I was hourly most of the tie. I showed up at the client's site when needed, but usually worked over the phone via a VPN. I had freedom to do the job as I saw fit, using whatever tools where best based on my experience. Sometimes I'd work only 20 hrs a week and other times I'd work 100+. The billing reflected that.
As a contractor, if I was doing something I new exactly how to do, I'd set a "by the job" price with a bonus for early completion, usually about 20% more. This made smaller clients happy, since they had assurances for the work being done on-time. In IT consulting, being late is pandemic. Late when charging by the hour means more costs to the client. I've seen larger consulting companies make huge profits bidding by the job when the client thought it was a 2 yr job based on their idiot people performing the work. The consultants bid 50% less time, but at a 2 yr price with a bonus for every week they were early. They brought in their entire company for the job and finished it in 6 months. The client got the desired capabilities 18 months sooner and the consultants got their bonus and total price after 6 months. Knowledge is power, but so are accepting risks which pay off. I usually earned 2x what a salaried employee made doing consulting. There are very few rules about working as a contractor. I can refuse work or accept work. My reputation is all I have, so I usually try to accept work if I think I can do it. Often, that isn't possible, so I recommend a busy friend to the client, someone who is also very busy so they won't steal my client totally, but might be able to do THIS specific job.
I worked VERY hard, but I also took 2 months off a year - usually a month around Xmas and a few 2-wk vacations at other times for some more international travel. Spent 3 weeks in Patagonia last fall, for example. At this point, I don't need money. I'd rather have free time
I work a sizeable company. EVERY new employee (myself included) says they plan to leave at some point soon. It's the mindset of our new generation...everyone thinks they're more capable than they really are, and that their first job is merely a footstool to something greater. Then complacency sets in. They get new friends, maybe a girlfriend, realize they don't want to go through the struggle of finding not only another job but a "better" one, and then they get comfortable.
I see everybody posting about how this is some US policy that is creating disloyalty among millennials. However, if you actually read the survey, only 521 of 10,000+ surveyed were from the US. Read, Think, -- oh, wait. This is slashdot, why would anyone do that?
...is and will be a two-way street.
Overall, companies haven't been too loyal to employees over last decade(s), so now they receive the cold shoulder. No surprises here.
Oftentimes, people turn to work for academia and NGOs, for lower pay, just because private sector is not considered very trustable and not always actually dedicated to benefit society - so, something has to give in. Tenure duration? puff, no big deal.
Actually, in a right to work state the employer can let an employee go for no reason. Even when an employer blatantly violates labor laws, it is almost never worth your time to pursue it unless you can prove you were let go because of sexual or racial discrimination. And then you have to have irrevocable physical evidence. Right to work cuts both ways though. You can literally walk out the door with no notice.
The cesspool just got a check and balance.
A poll like this only HAVE to include a question of if they are in a entry level job or a career job. It would make sense if you work at Walmart you plan to move on to another job once you got a collage degree. But if you work at some career job you would not plan to leave in 2 years, if you planned to leave you would leave asap.
You walking out with no notice potentially has far more impact on your employment prospects than it will have on the employer. If individuals respected former employees opinions and demanded higher wages, or refused to work for known hostile employers, the market would settle this.
In a management training at my employer I was taught that if any employees start talking about joining a union then it's our job as managers to find out why they think they need a union and solve that problem. Incidentally, I'm not a manager but my employer sent me through the training just so that I would have a better understanding of how the company functions. I also work in a right to work state but we have operations throughout the U.S., Canada, Mexico, and Saudi Arabia.
Unions serve a purpose as a deterrent. A company won't want it's employees to join unions. Smart companies will treat their employees well enough that they won't join a union. Poorly run companies will have employees joining unions which will end up making that company as a whole less efficient because in the end a union is a parasite.
As in most things it's more complicated then that. I know in my state, Utah, you cannot fire someone for joining or organizing a union. But you can fire them without giving a reason.
At my employer the CEO told us in a town hall that if any of us thinks we need a union then they (the company) is doing something wrong and we (the employees) should tell them what needs to change. We have few union employees relative to our industry.
I read this as "while a whopping 28% intend to stay at their current job beyond 5 years". Staying at the same place these days for longer than three years is suicide.
>Actually, in a right to work state the employer can let an employee go for no reason.
That's not what Right to Work means. Right to Work means that you can't be forced to pay a union dues to work at a company. The term you're looking for is "at will" employment, and it has nothing to do with unions.
-- Give me ambiguity or give me something else!
and there's plenty of debate around the impacts of Kennedy's tax cuts. It's the classic line "But the Tax Cuts will Pay for themselves".
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when you're right. At some point we need to accept objective reality or things will only get worse. I get it. You don't like reality. Neither do I. I hate the way the world works. I hate that racism and bigotry are such powerful forces for dividing the working class. I hate that we're likely to waste $17 trillion in the next ten years on crap healthcare. I hate the endless wars and how easy it was to whip Americans into a blood frenzy after 9/11. I hate this world.
But it's better than it was 100 years ago. Heck, for a lot of Americans it's better than it was 50 years ago (e.g. if you're black, gay, Hispanic, etc). We can make things better if we try. That's what I hate so much about Conservatism. The entire point of that ideology is that we _can't_ make things better so we shouldn't try. After all, being conservative means being opposed to change (and if you're not, you're not really conservative, you just like the moniker).
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Guys,
The takeaway from this isn't how lazy millennials are. If that's you're reaction, you're a myopic idiot. Who's stupid and lazy, and who isn't has nothing to do with it. The bigger story here is that their expectations are low because the job market has changed. Dependable "normal" jobs have gone away, and the system continues to move exponentially in that general direction. We're also approaching the tipping point. The world we're headed into looks nothing like the old one, and if your eyes were opened, and looking at this whole thing honestly, you would see that.
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If your way of having no unions is having no need to them then not fuck you, You're doing it right. Mostly vehement anti union is about divide and conquer. There really does need to be a balance between employees and employers though because either side with all the power is no good for anyone.
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Some of get to where we are by working hard and being better than the competition.
Entitled whiners who think everyone else exists to serve them get the pink slip.
Top employees who produce a lot of value hold all the leverage and smart managers bend over backwards to keep them.
Bullshit on your bullshit! I am in a right to work state AND in a union. You know what that means? That means you cannot be compelled to join or pay union dues but the union still has to represent you at that company. That means your money argument is stupid. You just wanna hate unions.
The union does NOT have to represent you. This is another flagrant lie of the big labor bosses and their propaganda mill. Non-members are expressly exempted from collective bargaining. The union propaganda lie is that non-members "benefit" from their work. Maybe, maybe not. Who cares? That doesn't give these thugs a right to force other people to join their gang who don't want to.
The other 57% can't leave their jobs, because they don't have a job.
Manager: Why do you want to unionize?
Workers: Our pay is too low.
Manager: Their pay is too low.
CEO: Too bad, we can't afford to raise it.
What next?
If they're not going to stick around long enough for us to recoup our investment in training them, they'll just go into the circular file of CVs.
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yea, actually that's exactly what the local constitution here in hell says too "everybody has the RIGHT to work" i always read that as they can't deny you a job actually but it seems it gets tranlated as everybody has the DUTY to pay for the five governments and their administrations pension plans (while they accidentally borrowed the money from the funds of the working class heroes ... and forgot to put them back)
https://c4ss.org/content/46748
Free speech was meant to be free for all... how can anyone grow up in a nanny state ?