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Millennials Embrace Job Hopping

Posted at 12:37 PM, Mar 09, 2020
and last updated 2020-03-09 13:37:56-04

Studies show baby boomers are willing to stick it out at a job even if the pay checks don't get bigger or if the boss isn't too nice.

But millennials aren't putting up with that, instead they're embracing switching jobs.

If today's employer doesn't meet their expectation, they're out the door, that has employers scrambling to understand what it now takes to attract and keep employees.

Charlie Harding is the CEO of a company called Let's Roam.

He's also a millennial.

Harding say's he knows what the 30 somethings are looking for when it comes to a job.

"If a company is rigid and inflexible it allows employees to job hunt or job hop especially millennials," says Harding.

However, the job market is tight right now, giving millennials the option to choose the job that's right for them, and that's led to job hopping.

"They have a ton of confidence that if they were to leave that it would be okay. And if they go somewhere and it didn't work out they could just go somewhere else," says Policastro.

Karen Policastro with international recruiting firm Robert Half says, millennials are in the driver seat.

Policastro says, 'They want new experiences."

Policastro says, there's a lot of competition and millennials are looking for: bigger pay checks, worklife balance, healthy company culture, potential for career growth and a manager that values them.

"If they aren't getting it where they are, they are quick to leave," says Policastro.

Officials say, 75 percent of employees, ages 18 to 34, view job hopping as beneficial, compare that to 51 percent of those 55 and older.

"I think there is a stigma that there is a lack of trust and loyalty," says Harding. "But it's really up to the company to build that trust and loyalty. If they are leaving it's not because of the employee, it's because of the company."

This tendency to job hop has some employers considering millennials the "instant gratification generation."

But at the same time, employers are finding ways to meet millennials expectations because it's expensive to have to search for and train new workers.

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