Companies shouldn’t bank on their Millennial employees to be there a year from now.
A Gallup report found that 60 percent of Millennials (people born between 1980 and 1996) are open to finding a new job and that only half of the group strongly agree that they plan to be working at their current company a year from now. For comparison, 45 percent of non-Millennial workers said they were open for a new job and 60 percent said they planned to be at their company midway through 2017.
Also, 21 percent of Millennials said they’ve changed jobs within the past year, more than three times the percentage of non-Millennials. The turnover is estimated to cost the U.S. economy $30.5 billion.
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