But today, that’s not the case.
Studies have shown that on average, Generation Y workers are staying at jobs for about 18 months. Then, they’re leaving. Because it’s so expensive, the cost of turnover is something that’s really making employers nervous. I, however, don’t think it’s a bad thing. On the contrary, I think it’s wonderful that workers these days want to experience new things and expand their skill sets.
When it comes to Generation Y and turnover, there are a few questions that need to be addressed:
1. Why Does This Happen?
This new generation of workers grew up with more options than ever before. We’ve lived with technology our whole lives and that has contributed to our awareness of all of our options. There’s zero appeal in doing the same thing for the rest of our lives because we want to experience so much. There’s too much to do, too much to see, and we don’t want to be stuck doing any ONE thing, forever.
In addition to this is the fact that our interests are changing. By the time we enter the workforce and hold our first real jobs, our interests are much different than the interests we had when we first entered college. And that’s the problem. From as early as pre-school, people are asking us to decide what we want to do with the rest of our lives. I’m really sorry, but in pre-school, the only profession I could see myself going into is that of being a princess. But as we grow up, our interests change. ALOT.
I used to hate eating.
Now, this is me…
Also, I used to hate boys.
Today, not so much.
My brother is one of my favorite people.
And this is the love of my life…
Okay, but really, our interests do change. When I first started college, I thought I’d be a Physical Therapist. Then, I got a degree in Health Services Administration, figuring I’d be a hospital executive one day. Today, I can see myself doing a lot of different things. I’ve learned through the past couple of years that I’m passionate about teaching. I’m passionate about leadership and helping people make the best out of the workplace. I’d like to one day write a book. I would love to work in a non-profit some day. I’d love to be a college counselor.
Point is, we only figure out what we like and what we don’t like through time and experience. We shouldn’t be expected to know what our dream job is upon entering the workplace. We shouldn’t be forced to stick to any one job for years and years and years especially if it’s not the best fit for us. Generation Y wants work that engages us and that allows us to explore our different interests using the talents that we have. This is not a bad thing.
2. What Can We Do About This?
Without a doubt, it’s in a company’s best interest to understand their workers, in this case, Generation Y, because by 2025, 75% of the workforce will consist of these employees. By better understanding their workers, companies can then strategically align employee incentives to ensure that they are able to retain the best talent.
So rather than fighting this issue of turnover, how about employers just go with it? Young workers aren’t interested in having the same job for fifty years. They’re just not. But that doesn’t mean that they won’t want to stay at the same ORGANIZATION for quite some time. What does that mean? Employers can retain employees by making it easier for internal talent to transition to other jobs. They can also do so by allowing employees to belong to different task forces, helping to expand their skill sets on a regular basis. We want to develop, we like varied tasks, and when we express interest in another field, we’d like nothing more than the opportunity to explore that.
Too often, people start off their careers at jobs that they soon realize are not for them. And then what happens? They leave the organization because they figure it’s their only option. At most organizations, it’s really difficult to change jobs. Why? Because every job requires x amount of years of experience in that particular field. If you’ve been busy working at job A, how are you supposed to have x amount of years of experience in job B? You just can’t.
Companies can really do a much better job at providing on-the-job training which would allow employees to pursue other career options without leaving the organization and taking their talents elsewhere. Companies need to make sure that their employees don’t feel stuck. And in order to do that, there exists a need for leaders who guide and mentor other employees, helping them reach their career goals.
3. Why Is This Good?
At this point, I’m sure some people are reading this and thinking, “Dude, that’s a lot of work…I hire someone to do a specific job and that’s it. If they don’t like it, they can leave.”
That’s fine. You can choose to feel that way.
But they WILL leave.
And you WILL miss out.
You’ll miss out on talent. And you know what? Your people and their talent are your greatest assets. So use it. Make better use of your talent. If your employees are expending their skill sets, that’s great! Let them! Encourage them! Instead of being proficient in only one area, they’ll now be proficient in many. Isn’t that the goal? To have well-rounded employees? I certainly think so.
For this post, YouTern thanks our friends at Gen Y Girl!
About the Author: Kayla Cruz graduated college at the age of 20 with a degree in Health Services Administration. She is currently working as a Regulatory Coordinator in Clinical Research while pursuing a Master’s Degree in Public Administration specializing in Human Resources. She has found she’s most passionate about helping young professionals navigate through their first few years as GenYers in the workforce. Follow Kayla on Twitter!