Millennials, those born between 1980 and 2000, are projected to make up 50 percent of the workforce by 2020 and 75 percent by 2025. As more baby boomers retire, millennials are no longer the workers of the future; instead, they are the leaders of today. Holding on to millennial talent can be a challenge for many organizations, though.
Who are millennials? Millennials are the largest generation in U.S. history. They are highly educated, tech-savvy, hard-working and altruistic. Millennials entered the job market in the aftermath of the recession, and, as a result, had fewer job opportunities and accepted lower starting salaries, leaving them with less money than previous generations.
A lot has been said about millennials, but one thing that most studies can agree on is that millennials are more likely to job hop than their older co-workers. According to a study from Multiple Generations at Work, 91 percent of millennials will stay at a job for less than three years, a pace that equates to 15-20 jobs over the course of their careers. Read
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