Millennial Expectations about the Desire to Stay in the Workplace and Factors that Influence it

Employee retention among millennials has been garnering attention of many organizations especially the growing numbers of this generation in the workforce. Interestingly, this generation is observed to have unique characteristics that are different from the other generations, which one of them includes their habit of frequently switching jobs. This unique habit of them poses a threat to the organizations as there are costs involved during recruitment, hiring and training. Some identified factors that influence their retention are namely: 1) work-life balance, 2) awards, 3) opportunity for personal development, 4) career achievement and 5) company’s concern on the employee’s ability. This research aims to examine millennials’ expectation surrounding their current working activity and the degree of preferences among the five factors mentioned. Results of our study shows that in general, all above mentioned factors are present in the organization where they are working at. Whereas for their preferences, opportunity for personal development ranks first followed by work-life balance, career achievements, awards and lastly, the company’s concern on the employee’s ability.