Monday, November 25, 2019
75% of millennial managers say job hopping helped them get promoted
75% of millennial managers say job hopping helped them get promoted75% of millennial managers say job hopping helped them get promotedMillennials go up to age 38, which means that many of them are managers now. And if youre tired of reading about the largest generation and their impecunious ways, just know that within the next two years, half of the U.S. workforce is expected to be comprised of Millennials.Intranet platform Akumina surveyed 1,051 mid-to-executive-level managers between ages 18-36 years old.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moraOne surprising finding? Three-quarters (75%) of respondents said that job-hopping helped them get ahead in their career. If this is true and the data shows that 40% of respondents have had four or more jobs it would seem that they were job-hopping in order to get promotions. (Meanwhile, according to the report, Millennial employee turnover is costing the U.S. economy $30.5 billion every year.)This group of Millennial managers is not like the rest. While they are hard-workingJust 12% adhere to the average 40-hour workweekA third (31%) work as many hours as it takes to get the job doneAnd 41% work between 40-50 hours a week, with 16% focusing more on tasks to get done instead of hours workedThey dont work so hard that they cant take some time for work-life balance, which they prize. Almost everyone 91% say that work-life balance ranges from important to extremely critical. Interestingly, however, 57% of those believe theyre managing that work-life balance via their cell-phone, integrating their personal life with their work life.When it comes to management style, they also believe that sharing is caring. A full 70% feel that sharing personal info (about their hobbies, factoids, experiences, etc.) is an effective way to be a better manager a knit together their team.Things Millennials loveMillennialslove feedback even ma nagers. Based on Akuminas research, their 1 perk would be private office hours with the company CEO.If not that, 70% of Millennial managers said they welcome critical feedback and mentorship from other higher-ups.They also crave recognition. 92% of survey respondents said it was important/very important that their accomplishments were recognized by not only their colleagues, but the more senior members of the staff.They love to work from home 66% says their company makes it easy for them to do this, and 89% would like to work from home at least one day a week. A third (36%) would rather spend most of their time there, voicing the preference to work from home 3 days or more on a weekly basis.With more and more Millennials slated to move up in the ranks, it will no longer be expecting them to fit into the older generations workplace itll be their workplace, done their way. Are we ready?You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people
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