“Seventy-one percent of employees in the millennial generation (people born between 1980 and 1996) are either not engaged or actively disengaged at work, according to Gallup’s report How Millennials Want to Work and Live.”
Gallup also reveals that many “millennials are job-hoppers, but not all”, as engaged millennials are “far less likely to consider leaving” and those who do, do so with good reason.
Job-hopping is cost to an organization; not only in terms of money but also talent. But employees can’t exactly be blamed for changing jobs or seeking better compensation or opportunities for growth in their careers.
Below are some of the most common reasons why there’s an upsurge in the number of people changing careers or jobs today.
1. Higher Pay
This is probably the most common reason why individuals change careers or jobs. Practically times are hard, and because the price of everything from foodstuffs to products, transportation, and health is constantly on the rise, the sound of a good deal is attractive to every ear as it means more income, the ability to make ends meet, and better living condition in a weakening economy.
Several businesses are at the brink of closure or have been shut-down, especially small start-ups and one-man companies that are finding it difficult to survive the economic crisis. As a result, many people have been laid-off or left jobless. Now all these unemployed people someway somehow have to find their way back into the job sector by finding new jobs or pursuing new careers.
There are many reasons why a person will be frustrated in their job, and one of such reasons is when they are disillusioned or disappointed at the turn of events at their jobs. When individuals have problems at their workplaces, logically, they begin to find ways and means of getting out of them and one of such ‘solutions’ will be to change jobs or career.
4. Health/Risk Factors
This is another factor that affects how often individuals leave or change jobs. For example, if an individual who was working in a chemical manufacturing company develops serious allergies or problems due to exposure to certain chemicals, he or she might consider changing jobs to maintain good health.
5. Working in a Shrinking Industry
With major technological advancement, some businesses have been driven out of operation and others, are gradually been shoved out too. Like some years back, ‘space to space’ or comm. center businesses were fully operative because demand was high. Now, with the advent of mobile phones, where even primary school children have access to smartphones and gadgets, these businesses and their owners have had to think of other ways to thrive. Another of such businesses progressively fading out of the system is Internet Cafes because a lot of people now have access to personal computers, laptops, and internet devices than they did some years back.