Employee Benefits growing in importance for younger workers. Source: LinkedIn
Updated: Jun 26, 2018
According to the findings of a recent survey by LinkedIn, millennial workers are more eager and inclined to change jobs when compared with non-millennial groups (baby boomers and Gen X). The survey polled 13,000 millennial workers. The survey revealed that 66% of the millennial employees expressed interest in talking to recruiters, and 30% of them planned to stay in current jobs for less than a year to look for new experience.
Reasons for millennials to change jobs:
• Lack of career development and promotion opportunities; unchallenging roles, dissatisfaction with employee salaries and benefits
• 64% of the millennials cared about staff benefits, compared to Gen X (54%) and baby boomers (51%) Ways to attract talent:
• The report suggests that employers need to build a sound employer branding (honesty and transparency) to attract talent
• As one- third of the millennials used social media for job search, compared to 18% and 12% for Gen X and baby boomers, it is suggested that companies can upload interesting social media content to attract young staff and increase loyalty.