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Challenges for Millennials Navigating the Job Market
Randall Blum
Introduction
Dallas, Texas, consultant Randall Blum works with leading companies in areas such as
management training and employee productivity. With a particular focus on millennials,
Randall (Randy) Blum has encouraged career development through workplace
engagement and efficiency projects.
A trend identified by the Bureau of Labor Statistics is that millennials, born in the 1980s
and 1990s, tend to stay in their jobs for a relatively short time. The average duration is
2.8 years, compared to 10 years for baby boomers (people born in the mid-1940s to
mid-1960s). A Deloitte survey appears to confirm this, with nearly half of millennial
respondents indicating that they change jobs within two years if possible.
One factor contributing to this is that millennials value jobs that enable a work-life
balance. Technologically adept, millennials are more likely to find this balance through
full-time remote work or jobs at companies that offer unlimited paid time off/vacation
policies (allowing employees to take off as much time as they want as long as they
complete their work). Millennials may see positions that do not offer this flexibility as
stepping stones to better jobs. These factors work against long-term job stability.
A Payscale survey found that nearly three-quarters of millennials highly value career
advancement opportunities. This suggests that companies that proactively engage and
challenge employees while providing feedback and mentorship have better chances of
motivating and retaining employees. The key is creating work environments that offer
opportunities for millennials to thrive and grow instead of staying rigidly within a
specific range of duties.

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Challenges for Millennials Navigating the Job Market

  • 1. Challenges for Millennials Navigating the Job Market Randall Blum
  • 2. Introduction Dallas, Texas, consultant Randall Blum works with leading companies in areas such as management training and employee productivity. With a particular focus on millennials, Randall (Randy) Blum has encouraged career development through workplace engagement and efficiency projects.
  • 3. A trend identified by the Bureau of Labor Statistics is that millennials, born in the 1980s and 1990s, tend to stay in their jobs for a relatively short time. The average duration is 2.8 years, compared to 10 years for baby boomers (people born in the mid-1940s to mid-1960s). A Deloitte survey appears to confirm this, with nearly half of millennial respondents indicating that they change jobs within two years if possible.
  • 4. One factor contributing to this is that millennials value jobs that enable a work-life balance. Technologically adept, millennials are more likely to find this balance through full-time remote work or jobs at companies that offer unlimited paid time off/vacation policies (allowing employees to take off as much time as they want as long as they complete their work). Millennials may see positions that do not offer this flexibility as stepping stones to better jobs. These factors work against long-term job stability.
  • 5. A Payscale survey found that nearly three-quarters of millennials highly value career advancement opportunities. This suggests that companies that proactively engage and challenge employees while providing feedback and mentorship have better chances of motivating and retaining employees. The key is creating work environments that offer opportunities for millennials to thrive and grow instead of staying rigidly within a specific range of duties.