Episode: 696

Episode Title: Why Younger Workers Job-Shop

I’ll invest in you if you’ll invest in me: that’s the message that more and more young people are sending to their employers. Here’s what this means, next on The Perna Syndicate.

Ep 696 show:

This is The Perna Syndicate and I’m your host, Mark Perna. After more than a year of employers vacuuming up every employee they could find, we’re seeing a shift in the labor market. Unemployment has recently hit historic lows, but that may change with the economic turbulence on the horizon. 

A recent survey commissioned by Amazon found that 74% of Gen Z-ers and Millennials are contemplating a career change in the next 12 months. Why? Because they lack career mobility and skills development options in their current roles. 

That’s right—despite the threat of a recession or layoff, younger workers still prioritize working for employers who offer the perks they want. Things like career development, positive company culture, flexibility, and good compensation and benefits are all very important to this generation.

As a generational cohort, younger-gen workers are inherently more focused on personal development and continuous growth. And true to form, instead of hunkering down to wait out the economic storm, they’re still shopping for the right fit. 

Even if it’s harder to land the right job, they still feel it’s normal to stay open to new opportunities. So how can companies engage and retain these talented workers so they don’t go job shopping elsewhere? It’s simple: invest in them. 

That’s our topic this week. Stay tuned and we’ll see you back here tomorrow for more on The Perna Syndicate!