New Research Shows Gen X is More Likely to Quit a Job Than Gen YSeptember 10th, 2009
Had great day today! I conducted a mini-version of my “Get A Grip On Gen Y” seminar for the Women in Business chapter of the Santa Cruz Chamber of Commerce. There were over 100 attendees and the event was held at the newly renovated Dream Inn Hotel. The meeting space had sweeping views of the beach and was amazing! All you meeting planners need to check this place out for events!
Anyway, it was a great group and we all shared a lot of laughs. I love doing presentations with people and energy like that!
Here’s the deal with the topic I’m sharing on this post: Talent Management (talentmgt.com) published an article this month about how Gen X employees are more likely to quit their job, and are searching for new ones, more than Gen Y (aka Millennials). Millennials get a bad rap for being job hoppers, but it really may be that employers need to be focusing on the retention of their Gen X talent just as much, if not MORE, than their Millennials.
The article is entitled: Consider Cost-Effective Alternatives to Retain Gen X, written by Erin Green
Here’s a brief excerpt:
Though employers are increasingly concerned about talent retention post-recession, their focus is often on retaining millennials instead of a more immediate concern: Generation X employees may already have one foot out the door.
“More than 20 percent of Generation X employees have already been looking for new employment in the past 12 months, which is the highest [amount of active job seekers] for any generation,” said Robin Erickson, a manager in the human capital practice of Deloitte Consulting LLP.
Gen Xers’ strong desire to move up to managerial positions may be the main reason for the anticipated turnover.
“Forty percent of Generation X employees cited lack of career progress as the prime motivation to switch jobs today, which is considerably higher than their survey colleagues in Generation Y [at] 30 percent, baby boomers [at] 20 percent and veterans [at] 14 percent,” said Erickson.
Deloitte will publish a report later this month – a follow-up to the July report “Managing Talent in a Turbulent Economy” – that will reveal new survey data on employee perspectives by generation and region. The data comes from a global survey of employees, covering all regions – the Americas, Asia Pacific, and Europe, Middle East and Africa.
The article continues with more interesting info, so check it out!
Bye for now,
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