If there really is a generational war in the workplace, millennials may have already won.
Seventy-two percent of talent professionals say they plan to focus on recruiting the millennium generation (24 to 39 years old) over the next five years instead of other age groups, according to a LinkedIn survey of 2,406 managers US hiring UU. Made from August 24 to September 30.
Generation Z (under 24) was in second place (57%), followed by Generation X (41%) and baby boomers (13%). The results are part of a global talent trend survey of 7,000 hiring professionals in 35 countries.
A report on the survey suggests that it is not surprising that Millennials and Generation Z are the most coveted candidate groups, since “they represent approximately half of the world’s population” and are “the newest generations on the scene.” Meanwhile, the Boomers are retiring in large numbers, with around 10,000 a day hanging it.
However, it is Gen X (40-55), which companies are trying to maintain. Sixty-three percent of talent professionals say they are focused on retaining that generation, followed by millennials (54%), baby boomers (46%) and Generation Z (28%).
“As baby boomers (56-74) begin to slow down their career or retire completely, companies will look for a more experienced professional to enter these vacant leadership positions,” says Amy Schultz, director of product recruitment on LinkedIn.
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Other survey results:
• The average holding in a US company for boomers and Gen Xers is 18% longer than the general average. The average tenure of Millennials is 42% shorter.
• The three main reasons why millennials leave their jobs are greater compensation (57%), more opportunities to advance their careers (46%) and switch to a job that best suits their skills and interests. The first three for Gen Xers are greater compensation (40%), the ability to cause an impact (37%) and leave a job that fits better (32%).
• Companies are making more hiring from within. Internal hiring has increased by 15% since 2015. This is mainly due to the fact that employees remain an average of 10% more in companies that carry out many internal hiring, according to the study.
• Generation Z workers are more than three times more likely than boomers to be part-time or in contracts.
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