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Millennials most ready to switch jobs, survey finds

November 30, 2015

Today’s employees are ready to jump ship if the right opportunity arises, according to a survey released today by Addison Group. The survey examined employees’ workplace preferences, career goals and professional values from each age group: Baby boomers, Generation X and millennials.

The survey found 37% of workers noted their resume is up to date. Millennials in particular keep the door open to new opportunities, with 44% claiming to keep their resumes current at all times.

“Following the recession, we’ve seen a strong candidates’ market, where companies must increasingly cater to hard-to-find talent,” said Addison Group CEO Thomas Moran. “Given the challenges surrounding both attracting and retaining talent, it’s crucial for management, recruitment and HR to have an intimate understanding of what employees today want from their employers and places of work. Addison Group commissioned the second edition of our generational workplace survey to get to the core of just that.”

The three generations examined value certain aspects of management styles over others; 28% of millennials find it less important for managers to make time for them compared to 36% of Gen Xers and 41% of boomers. Also, millennials are less inclined to be concerned with their manager’s level of trust at 45%, an 11% decrease from last year’s survey, especially when compared to baby boomers at 55%. Boomers value honest feedback more heavily at 66%, compared to 55% of both Gen X and millennials.

Regardless of generation, the survey found healthcare benefits led the pack as the most important benefit according to 70% of respondents followed by high salary at 59%.

Other top work benefits include:

  • Vacation packages: 46%
  • Free meals, beverages and snacks: 42%
  • Tuition reimbursement: 32%
  • In building gym or free workout classes: 30%

The least important factors in respondent’s ideal company include:

  • Is socially responsible: 30%
  • Is a well-known company: 25%
  • Is transparent about revenue or HR decisions: 25%
  • Invests in passions or interests outside of work: 15%

The study was commissioned by Addison Group and executed by Survey Monkey. It included 1,496 working Americans born between 1946 and 1995.