Give your employees the most precious resource: Time
It’s no secret that the idea of employee loyalty with a company is being redefined in our world today. People are job hopping more than ever before in history. In fact, the Bureau of Labor Statistics has said that the average tenure for an American worker currently sits at 4.2 years. Probably better than you were thinking it might be. But this doesn’t tell the whole story. The real story is the breakdown by age groups.
There is a stark contrast between those beginning their career (Millennials) and those ending theirs (Baby Boomers). The 25–34 age range shows an average of 2.8 years in a job, while the 55–64 age range averages 10.1 year. Quite the difference, and has given the older generation something to frown upon when looking at the younger generation.
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