Millennials quit their jobs three times as often as their older peers. That's a fun fact recently unearthed by business strategy platform Visier, in a new research paper about retaining the largest generational cohort in the workplace. Those born in the 1980s may be the most financially disadvantaged when it comes to long-term wealth, but at least we're better at seeking out the right opportunities.
Part of that comes down to worker confidence. About 3 out of every 5 workers believe they could land a similar or better job within a few weeks or months if they quit; that number among millennials is 66 percent. According to analysts at the Motley Fool, we're leaving stagnant jobs for two main reasons. One is lack of promotion — if there's no room to grow, it's natural to seek greener pastures. The other, however, is a bit more nebulous.
One research firm found that the No. 1 reason millennials quit their job is a poor fit with the office culture. This isn't just about wanting free snacks or a sweet lounge area. Workplace flexibility is one of our top concerns. We also want to thrive at our jobs. Millennials prefer their work to happen in a space of authenticity, competence, and belonging. With reports like Visier's, companies are starting to recognize that the cost-saving measure of retaining talent is going to take a lot more than offering bonuses (although let's be real, that will always help too).