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Should you be an employer, you need to know that it’s harder than ever to retain your employers. In this age of millennials, loyalty is an issue, as outlined in the Deloitte Millennial Survey. While your employees want to be paid, their needs go beyond the pay packet at the end of the month. Knowing they are making an impact, and working for a company that is ecologically aware, are both components that the survey found are important in this current generation. Failure of the employer to take note means the employee is liable to jump ship to another position with more to offer there increasing worldview.

In this article, we will take a look at some of the reasons employees are leaving their jobs today, each of which are outlined in the aforementioned survey. As an employer, you need to take note and make an effort to improve your operation. If you are an employee, you will know what to look for in your workplace, and may already have the expectations mentioned.

Forget zero hour contracts

Job security is important, so working freelance or on a temporary basis isn’t going to cut it for today’s workforce. 65% of millennials stated a full-time job is a priority. This is nothing new of course, as job stability is something many of us look for, but when other employers are reaching out to the latest graduates for work, a full-time contract is going to win somebody over sooner than a part-time or zero hour offer.

Flexible work/life balance

The other buzzword prevalent in the study was flexibility. This includes the employee having flexibility in their job role, but it also extends to having more of a work/life balance. Employers can accommodate this by giving their employees the opportunity to work from home occasionally. This will cut down on the grind of the daily commute, the bane of many an employee, and the benefit of cloud technology and communication systems such as Skype ensures the employee and employer can easily keep in touch with each other during the working day.

Opportunity to work with the latest technology

Millennials believe technology will offer more opportunities than risks. While there are those within today’s workforce who fear the rise of the machine overtaking the need for human involvement, many others believe technology can have an impact on the wider economy and themselves. For the employer, this plays a vital part in the workplace. While the expense may not seem worth it, there are advantages in the longer term. This includes higher productivity amongst employees, as they will have access to the faster and more efficient machinery. Health and safety standards will also improve, with less need for a personal injury lawyer because of outdated or increasingly unsafe methods of working.

Making an impact

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It’s easy to feel like a small cog in a big wheel, but in today’s society, millennials want to know they are making an impact in the wider world. If this is noticeable to the employee, the more likely they are to stay loyal to the company. While making an impact globally is important, such as using ecologically safe methods of working, there is still the need to see their actions impact locally as well. For the employer, this might mean an affiliation with a local charity, perhaps offering sponsorship events at work to improve the lives of others. On the flip side, if coming to work on a daily basis offers no meaning, with no measurable way of knowing how they are making a difference, today’s employee is liable to feel unsatisfied and unsettled in the place they are working.

A sense of honesty

Nobody likes dishonesty, but we now have a cynical society. Politically and at work, no longer are today’s employee’s willing to put up with hyperbole and fake agenda. Honesty is important, and an employer needs to carry this throughout the company. This includes inclusivity, letting the employee know where the company is heading and what its motivations are. Allowing the employee to have some say in the matter is of further importance to the millennial. The employer doesn’t have to allow the employee into all company decisions, but regular briefings will suffice those who want to be in the know. If the employee is unsure about their role and the wider reach of the company they work for, the more likely they are to leave.

Finally

To find out more information, follow the survey link at the opening of this article. Our society is changing, and for the most part, this is for the better. Whether employer or employee, you need to catch up with today’s thinking.