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According to a recent Gallup report, Millennials have a turnover rate 3 times higher than older generations. That presents a huge challenge and cost for companies trying to retain young talent.
So what’s an executive to do?
Our data on the Best Workplaces for Millennials shows there’s actually a clear solution: creating a high-trust culture. We found that Millennials who had a great workplace experience were 20 times more likely to plan to stay at their current job.
And while that trend holds true across generations – everyone wants a great place to work – the effect on retention was much more dramatic for Millennials. Culture has never been more important.
In this report, we lay out our top findings on what this generation cares about and what aspects of a high-trust culture are most crucial for helping you better retain and engage Millennial employees.
- Latest research on what drives a great workplace for Millennials
- 5 ways to improve your workplace culture for younger employees
- Tips and best practices for implementation