Research on millennial workers from strategy firm Department26 shows that when they get a new job, the most popular top priority is “being in a role you’re passionate about,” at 44%, just beating out money at 42%. Loving your position also bested the other options: “paid learning/development opportunities” at 6%, health insurance at 5%, and paid time off and vacation at 2%.
“The millennials we surveyed and interviewed rated ‘passion’ as a top priority because purpose is more important to this generation than the previous two,” Miki Reilly-Howe, Managing Director of Department26, told Ladders. “Boomers were mostly concerned with being ‘good providers’ … In contrast, Millennials want to make an impact.”
Here’s how long millennials plan to stick around at work
The research makes it clear that not all millennials plan to change jobs as much as you might think. When accepting a new position, 50% of millennials plan to be there for five or more years, compared to 30% who say three to five years, 16% who say one to two years, and 4% who say one year.
“Though millennials have a reputation for job-hopping, it’s clear that’s not their intention,” Reilly-Howe told Ladders. “They want nothing more than to find the right place and stay put for a few years. They leave when they feel they aren’t valued.”
This can manifest in a number of ways, she said: “If they aren’t offered some freedom and flexibility after clearly performing in their role, they can feel slighted. If leadership doesn’t communicate a larger vision, millennial workers feel like they don’t have purpose. If their expectations aren’t met, like for a promotion, they lose steam.”