TALENT

Understanding
millennials:
what's DRIVING the exodus FROM big businesses

By Cam Upshall, Director & Co-Founder
on April 12, 2019
TALENT

Understanding
millennials:
what's DRIVING the exodus FROM big businesses

By Cam Upshall, Director & Co-Founder
on April 12, 2019
Reality check: millennials aren't interested in working for your corporation.
That's right, more and more millennials are opting out of corporate jobs to do their own thing, whether that's starting their own startups or businesses or going the free spirited freelancer route. More than just a trend, this shift is so pervasive that a study by Deolitte predicts there will be a mass-millennial exodus by 2020!

It's nothing personal. It's just that big companies don't know or aren't prepared to give millennials what they want, which are things outside the usual compensation package.

What millennials are really looking for from a job are more intangible: new experiences, a sense of fulfillment, and personal growth.
According to the study, millennials believe that corporations aren't invested enough in the personal growth and development of their employees. Millennials aren't just working for their next paycheck, they want to be leaders. And because of the lack of training, the majority of them are willing to leave their company within the next 2 years.

Other things that could be pushing your millennials out the door include a stifling 9-to-5 office arrangement that offer little to no flexibility, excessive stress, and a lack of structure to promote the fulfillment of their other goals and interests. Millennials, after all, are driven by passion. So if their day job is keeping them from, or not contributing to fulfilling their passions, it's out.

The loss of the millennial workforce is no small casualty for corporations. Other than the fact that millennials will make up nearly half the working population in 2020, they are also the driving force behind the advancing tech culture in modern workplaces.
Adopting A Millenial Mindset
So what do companies need to do to keep their millennials? It starts with re-thinking what you think you know about your employees, and being prepared to align the corporate quo with their culture, mission, values, and social impact.

Get this, it's not about the money. Millennials are willing to give up $7,600 in salary every year if their job provides a better environment for them. That means companies who can offer career development, purposeful work, and work-life balance have better chances of appeasing this tech-savvy generation.

Now if you're serious about engaging your millennials jump on the Trampoline! Go check out High-Performance Leadership, get the app for free and click Start today! It's unlike anything else you've tried. And that's deliberate! For change to happen you have to do things differently, right? Keep on experimenting and inventing - that's what gets you leaps and bounds ahead of the game. Get the app today - test it for yourself and then try it out on your team!

If you're SERIOUS about doing leadership differently, drop me a line or leave a comment below!

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