Millennials have 3 times the turnover rate of older generations. That presents a huge challenge, and cost, for companies trying to retain young talent. Fortunately, our research into the Best Workplaces for Millennials shows there's a solution - a high-trust culture. Millennials with a great place to work were 20 times more likely to plan to stay at their current job.
The Millennial generation is well-known for switching between jobs more frequently than past generations. It seems they’re always looking for a better fit. As a recent Gallup report puts it, “Millennials behaves as consumers of workplaces, shopping around for the jobs that best align with their needs and life goals.” For any company looking to recruit young talent, this means one thing – a strong employer brand is more important than ever.