Whether to stay with the current employer or jump ship is a big question that youngsters have to deal with after their appraisals.
Changing jobs has long been considered the best way for youngsters, who want their careers to grow fast.
“Youngsters, today, look for wider scope of learning and fast growth trajectory. Hence, life-long relationships with employers is null and void,” Rituparna Chakraborty, co-founder of staffing firm Teamlease Services.
But a recent survey by ManpowerGroup, a US-based human resource consultancy, has found that young employees are not keen on moving to other companies.
“Rather they want their current employer to keep them satisfied,” said the survey of 11,000 millennials that was conducted in 18 countries. Millennials, commonly known as generation Y, are people born between early 1980s and 2000.
In India, 39% of respondents intend to stay with their current employer for the next few years or longer.
“33% of respondents said they would consider leaving their current job due to a lack of appreciation and once they start to look elsewhere other issues such as pay, benefits and lack of opportunities become significant,” said the report titled ‘Millennial Careers : 2020 Vision.’
The survey suggests companies to work on providing job security and the opportunity for new challenges to retain young talent.
The respondents are, however, happy to be disrupted by new ways of working. “While 74% of working Indian millennials are in full time jobs, 5% say they are open to new ways of working in the future — freelance and portfolio careers with multiple jobs. 34% percent Indian millennials are considering self-employment,” study said.
Young employees are driven by a different set of needs and desires than earlier generations and they don’t mind getting into tasks that are beyond their profile.
“Millennials today are more focused on their career graph than simply their next jobs or just higher salaries. They are looking at prospective employers in different ways. Openness and transparency in all decisions are needed to motivate them,” AG Rao, group managing director of ManpowerGroup India, told HT.
“It is necessary to promote a work ethic that encourages everyone to operate as owners and creates accountability with responsibility.”