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Do You Have The Millennial Turnover Blues? Here’s Your Solution.
Leverage a strong internal content strategy to boost employee retention and adapt to a changing workforce.
Within five years of this article’s writing, the Millennial generation will represent 75% of the American workforce. They are also the generation that is more than three times as likely to “job-hop” than non-millennials.
According to a recent study by Gallup, Millennials are a generation that is “less engaged in the workplace than are their older counterparts” while simultaneously “behav[ing] as consumers of workplaces, shopping around for the jobs that best align with their needs and life goals.”
This analysis is telling. Add to all this the fact that high Millennial turnover costs the U.S. approximately $30 billion per year. You can begin to see why the trend has become such a huge problem for American businesses.
So, what can business owners and H.R. departments do about it? How can small-to-mid-sized organizations retain employees on their more-limited budgets? Read on to find out.
