'Jumpers’ Study: Millennials change jobs until employers invest in them

The economy of the 21st century does not trade high on company loyalty. Millennials are not devoted to one employer, and don’t plan to stick around for long.

For college graduates, 64 percent plan to change jobs by 2020, similar to millennial graduates in 28 other countries, according to a survey conducted by Deloitte, a consultancy.

Millennial departure isn’t because they’re flaky, demanding, or lazy. “This is partly due to failure on employers’ part to groom younger workers for advancement,” Bloomberg BNA noted.

When millennials don’t have a path for advancement, they don’t plan to stick around. If employers want to keep them, they’ll have to offer flexibility, mentorship, and skills training. Ironically, millennial desire for flexibility and training is a leading reason that employers report dissatisfaction with millennials.

If a company isn’t willing to compromise, millennials vote with their feet and find another job. Employers might call that attitude ungrateful, but for millennials, it’s an entrepreneurial desire for advancement and better working conditions.