Research has found that millennials prioritize passion over money when it comes to new jobs, but more recent data makes it clear that they also want to invest in their futures while in the office. New findings from Bridge, which is “an employee development suite for businesses,” show that 86% of millennials surveyed agreed that if they had “career training and development” through their employers, they wouldn’t leave their jobs.
SurveyMonkey polled more than 500 employees working full-time on behalf of Bridge. People ages 18 to 29 were considered millennials, although people of different generations also weighed in.
Here’s how companies are falling short of expectations
Fifty-six percent of millennials think people should stay with the same company “for more than 20 years,” and almost 90% of millennials want to advance at the employers they currently work for. But in terms of spending more than two decades at one workplace, 67% of people surveyed in this generation say they wouldn’t stick around if there was no way to move forward there.
Emily Foote, VP of Customer Engagement for Bridge, commented on the research in a statement.
“Millennial employees are looking for something different in their jobs, beyond good compensation…They aren’t satisfied with routine promotions or pay bumps; they want opportunities to learn, develop new skill sets, and grow into leaders. Organizations that create learning environments are rewarded with employee engagement and loyalty,” she said.
There are a bunch of ways to properly prepare for a performance review with your boss, but one-third of workers in the Bridge survey don’t think performance reviews do that much for them— they’re not “helpful.” Plus, 42% of workers overall “would give their employers a C grade or below” in terms of how they’re carried out.
Citing Pew Research Center data, Bridge shed light on the vast size of the American workforce, reporting that more than 56 million workers in the millennial generation were either employed or seeking a position “as of 2017,” compared to 53 million people in Generation X and 41 million Baby Boomers.