Only 31% of employers are focusing on better supporting training among their millennial employees
The millennial generation is no longer a mere dot on the horizon – they’ve fully arrived in the workplace, rising past entry-level roles and actively changing the way employees are managed and organizations are run.
And yet, only 31% of employers are focusing on better supporting education, skills, and training among their millennial employees. Ignoring the needs of millennials could have dire consequences for your business – here’s why it’s important to focus on millennial learning needs.
Reduce Employee Turnover
Millennials have historically held a reputation for job hopping. Gallup reports that 21% of millennials have changed jobs within the past year and 60% are open to different job opportunities.
This is a generation that will seek employment and jump at opportunities elsewhere if their needs are not met. Considering the high cost of employee turnover, organizations can’t afford to lose millennial talent so frequently.
Prepare for the Leadership Talent Shortage
Whether you’re prepared or not, millennials will be leading organizations one day – and that day is quickly approaching. In fact, 33% of the US workforce became eligible for retirement in 2015, and half of them held leadership roles. Organizations who wish to outperform the competition can’t afford any leaks in their leadership talent pipeline.
Millennial learning needs are less obscure than you may have been led to believe. That’s why we created Millennials in the Workplace: Understanding Millennial Learner Needs to Increase Engagement & Retention, a free whitepaper full of curated data aimed to help you accommodate the needs of your millennial learners.
Learn more about how to increase engagement and retention among millennial employees in our free whitepaper, Millennials in the Workplace: Understanding Millennial Learner Needs to Increase Engagement & Retention.