Slashdot Mirror
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!
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.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
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
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.
This is my signature. There are many like it, but this one is mine.
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.
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
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
But I'm a Bubble boy, you insensitive clod!
WARNING: Smartphones have side effects--most of them undocumented.
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.
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u
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.
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.
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.
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.
>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".
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
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).
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
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.
This signature has Super Cow Powers
I'm a contractor. I plan three months at a time. Thinking ahead two years is inconceivable to me. Also, for what it's worth, I'm over 40.
This signature has Super Cow Powers
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.
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u
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.
Birds are not dinosaur descendants;birds are dinosaurs, for all useful meanings of "birds", "are" and "dinosaurs"
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 ?