Why 70% of Millennials Are About to Quit Their Jobs
Published: 2022-03-28
Status:
Available
|
Analyzed
Published: 2022-03-28
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Approximately 25% of the workforce is predicted to quit their jobs in the next 12 months, with 9% planning to retire.
"over the next 12 months it's expected that another quarter of the workforce is going to quit and nine percent say that they're ready to flat out retire"
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The widespread adoption of the metaverse could significantly alter how businesses operate in the future.
"unless of course the metaverse just happens to take over in which case we are all so"
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Employees who consistently show up in person are likely to have a significant career advantage over remote workers performing the same tasks.
"the employee who shows up every single day would not have a huge advantage over another remote worker assuming they're both doing the exact same work"
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The pandemic has permanently changed how businesses operate, and these changes are expected to persist for many decades.
"I think this is an incredibly interesting topic and regardless of what we wind up seeing the pandemic has absolutely shifted The Way businesses operate and this is likely going to last many many many decades in the future"
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A hybrid work model is anticipated, where in-person employees will likely advance faster and earn more.
"by and large I think we'll end up seeing a hybrid model between the two with the worker who shows up in person more consistently getting ahead and getting more money"
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A phenomenon called 'shift shock' is occurring, where 72% of job changers find their new roles differ from expectations.
"72 percent of workers who changed their jobs were surprised to learn that their new roles were different from what they were led to believe causing a term known as shift shock"
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Nearly 70% of managers believe remote workers are more easily replaceable than those working on-site.
"nearly 70 said that remote workers are more easily replaceable than on-site workers"
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Approximately 62% of managers believe full-time remote work negatively impacts employees' career goals.
"about 62 percent contend that full-time remote work is detrimental to employees career objectives"
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Tech worker salaries are seeing a 40% premium compared to pre-pandemic levels.
"the staffing agency saying what we're seeing is basically a 40 premium when comparing current ranges against pre-coveted salaries for Tech workers"
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A significant majority (72%) of workers who quit their jobs a year ago now regret their decision.
"one year later 72 percent of workers who quit their job now regret their decision to leave"
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Employees who switch jobs every two to three years earn, on average, 50% more than those who stay with the same employer for longer than two years.
"workers who stay at the same employer for longer than two years on average earned 50 percent less than those who hop from one job to another"
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80% of Millennials and Gen Z believe it's acceptable to leave a new job within six months, with 20% willing to quit within a month if expectations aren't met.
"eighty percent of Millennials gen Z say that it's okay to leave a new job in six months one out of five admitted that they would quit within a month if it's not as expected"
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Google employees are resisting the mandate to return to the office three days a week by an April 4th deadline.
"Google's case employees are pushing back against the April 4th deadline to return back to the office three days a week"
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There is a significant disconnect in productivity perceptions: 81% of employees feel more productive than last year, while 54% of business leaders believe productivity has declined.
"81 percent of employees saying that they're more productive today compared to a year ago but 54 percent of Business Leaders saying that productivity has been negatively impacted"
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9% of the workforce is considering immediate retirement.
"nine percent say that they're ready to flat out retire"
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In January, there were 11.3 million job openings, with ongoing salary increases.
"11.3 million jobs available in January and salary is continuing to increase"
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Half of companies are pushing for employees to return to the office for a full five-day work week.
"fifty percent of companies wanting their workers to return in person five days a week"
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61% of employees wish to work from home by choice, even though offices have reopened.
"61 percent say that they want to work from home because they want to"
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Remote workers may face challenges in building relationships, securing promotions, and could be overlooked in favor of in-office colleagues.
"remote workers will have a tougher time building relationships they'll be less likely to receive a promotion and they'll be more prone to being passed over by other employees who are willing to show up every single day at the office"
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