Keeping talent

“Young people don’t stay at jobs like they used to.”

Did you know that statement is actually not backed by data?

According to Pew Research, “Today’s young adults have been on the job with their current employer about as long as young adults over the past four decades.”

The idea that younger generations are flaky simply isn’t true.

But they are hungry. And they have more opportunities than any generation before. 

Just look at the number of job openings in the US – which has increased something like 150% in the last 20 years.

There’s more opportunity now, sure, but good companies are still retaining their people.

Take Summit 7 for example. The turnover rate at Summit 7 last year beat the industry average by 60%.

That’s because company culture is a priority at Summit 7.

Gone are the days of being able to tolerate a poor company culture and still keep talent because they don’t have anywhere else to go.

Culture isn’t complicated – take care of your people.

Make sure they’re paid well. Make sure they have opportunities to win at things they enjoy. Make sure they know that their leader cares about them as a human.

And they’ll stick around.

Young people aren’t flaky – they’re just surrounded by opportunity. 

Which means we have to step up as leaders to make sure we’re doing our part to keep them.