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EverythingPeople This Week!

Published on Tuesday, July 31, 2018

Engaged Employees, Even Millennials, Are Less Likely to Leave

Author: Heather Nezich

Employees today are more likely to job hop than ever before.  Millennials in particular have earned, whether legitimate or not, a reputation for job hopping.  But the latest research shows that if employees, even Millennials, are engaged and have learning opportunities in the workplace, they are less likely to leave.Employee Engagement on chalkboard

"Millennial employees are looking for something different in their jobs, beyond good compensation," said Emily Foote, VP of Customer Engagement for Bridge. "They aren't satisfied with routine promotions or pay bumps; they want opportunities to learn, develop new skill sets, and grow into leaders. Organizations that create learning environments are rewarded with employee engagement and loyalty."

Despite the increasing acceptance of job-hoppers, young employees actually defy that stereotype.  A new study commissioned by Bridge, a human capital management organization, found that nearly 90% of Millennials are looking to grow their careers within their current companies.  In fact, 56% of Millennials believe that an individual should stay at a single company for more than 20 years. 

The Bridge survey data found that offering career training and development would keep 86% of Millennials from leaving their current position.  However, if that job lacks growth opportunities and avenues for leadership development, 67% of Millennials say they would leave.

In response to the survey findings, Bridge offers the following tips to help engage employees:

1.  Hold frequent employee check-ins. Millennials want more frequent feedback, but according to a Gallup poll, only 15% are actively asking for it. Being proactive about giving feedback on the managerial end can encourage engagement while ensuring that employees are receiving the feedback they crave. The same study found that Millennials who meet with their manager regularly are more than twice as likely to be engaged at work.

2.  Align individual goals to company and team goals. When managers create tangible goals for their teams that support the larger company vision, employees are more connected to the bigger picture. Not only will this make the review process more focused on metrics, rather than intangibles, but employees will stay engaged throughout the workday when they have meaningful, attainable and structured goals to reach.

3.  Cultivate a culture of continuous learning. Creating a workplace that promotes career development is important for everyone, including Millennials who rank training and development higher than cash bonuses as a priority in the workplace. By making career training and e-learning a priority, employers can ensure that the youngest generation of employees are engaged, focused, and continually honing their skills.

Employee engagement is more important today than ever.  With the talent market continually shrinking, it’s important to engage and retain your current talent.

ASE Resources:
Employee Engagement Program – Don’t just measure engagement, improve it with the McLean & Company Employee Engagement Program.  This ASE member-exclusive program takes a multi-leveled approach to tackle engagement from surveying, to reporting, to actual implementation support and assistance.  For more information please contact Kim Klaft, Director, Member Experience at kklaft@aseonline.org.

ASE Talent Development ServicesASE offers a wide variety of educational programs and services. We offer over 75 unique courses available in our open enrollment training catalog and offer leadership and coaching services to address your unique needs.  For more information on leadership training and coaching please contact Mike Burns, VP, at mburns@aseonline.org.  To see upcoming open enrollment ASE courses, visit our website

 

Source: getbridge.com

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