Companies face employee loyalty challenge

Two-thirds of young employees globally are planning near-term exits from their current employers.

According to the 2016 Millennial Survey, millennials in emerging markets are the least loyal to their current organisations with, for example, 76 per cent of participants in India expecting to move on in the next five years. In comparison 60 per cent in Western Europe expect to leave in the same time period.

If given the choice 44 per cent of millennials would leave their employers within the next two years.

The report shows that the personal values and morals of young employees are the most influential factor in career path decisions (56.5 per cent), followed by impact of their work on clients and customers (52.5 per cent).

These results are taken from a Deloitte survey of nearly 7,700 millennials (those born after 1982) from 29 countries during September and October 2015.

You can download the full report and infographic summary on the Deloitte Touche Tohmatsu Limited’s fifth annual Millennial Survey webpage.

Image: iStock

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