Why Millennials Are Quitting Their Jobs And How Money Has Nothing to Do with It

You’ve probably heard about some historical changes that millennials are making in the labor world. Quitting when they’re at their professional peak is one of them. Here’s why they’re apparently doing it.

They’re calling this ‘the great resignation’. Yes, millennials are quitting and they’re doing it to make a statement. The working culture where you had to settle with your workplace, be happy that you earn an income, and continue with your days expecting all sorts of treatment from your employer seem to be slowly disappearing.

Who are these millennials, you ask, that are making this difference?

Our revolutionary millennials, also known as Generation Y, consist of people born between 1981 and 1996, ranging them as workplace influencers with the youngest millennial being 25 years old and the oldest being 41 years old. 

According to the Bureau of Labor Statistics, baby boomers used to stick at a job for an average of almost 10 years. Compared to them, the millennial generation only stays at their jobs for an average of 2.8 years. The difference is mind-blowing, isn’t it? 

Deloitte’s research backs up the trend with even more specific data and reasons for quitting. Among their key listed findings are that millennials have a significantly low level of satisfaction with the way their lives are, a noted lack of trust in institutions, businesses, and current leaders and that millennials have a strong will to do something in order to change their communities for the better, as well as to harmonize their values with the values of employers. 

This is certainly scary news for big corporates, companies, and business leaders who for a long time worked without really caring about their workers’ rights or their level of loyalty. 

In fact, they’re so not used to this new emerging culture of the workplace that employers are considering millennials as ‘whinny’ and ‘needy’, for requiring constant feedback. 

This is because, for a long time, the concept of work didn’t really commit to acknowledging the value of anything that was feeling-oriented. The feelings and emotions of employees were suppressed and were considered ‘personal’. Rarely did any work organization recognize its importance in increasing their employee’s productivity. 

However, that seems to be changing, and now, Generation Y is looking for constructive feedback from their employees. As more millennials demand more work-life balance, and a more humanly, sensitive working environment, hopefully, we will be able to lead better lives and more fulfilling professional careers. 

 

Photo: GaudiLab/Shutterstock

 


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