A Commitment to Diversity Can Help Retain Gen Y and Gen Z Employees

Posted by Talent Intelligence on Fri, Jun 1, 2018 @ 09:06 AM
Employers’ priorities influence how younger workers view their future with the company

stock-photo-balloons-and-celebration-con-1348047-212429-editedForty-three percent of millennial employees expect to leave their job within two years — and just 28 percent plan to stay beyond five years, according to a new survey from Deloitte.

Loyalty is even lower among Gen Z employees; 61 percent say they’d leave their current job within two years if they were able to.

The structure and principles an organization supports can significantly affect how younger workers feel about their employer. Today, millennial employees believe a company’s priorities should be job creation, innovation, enhancing employees’ lives and careers, and making a positive impact on society and the environment.

Yet less than half of millennials believe businesses behave ethically (48 percent, compared to 65 percent in 2017), or that business leaders are committed to helping improve society (47 percent, versus 62 percent a year ago).

Viewing their employer’s motivation and ethics in a positive light can encourage younger workers to remain with an organization. Millennial and Gen Z employees who feel their employer has a diverse workforce and supports diversity within senior management teams are more likely to want to stay with the company for five or more years, according to the survey.

For more on what Gen Y and Gen Z employees want, view our blog post on managing millennials in the workplace and our post on getting ready for the Z generation.

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Topics: Talent Pipeline, Diversity, Employee Engagement

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