With passion driving our careers more than the estimation of our first pay cheque, Pooja Salvi takes a look at the growing job dissatisfaction among young individuals
We’ve come a long, long way — from our parents building our careers (and, at times even taking the liberty of choosing it for us entirely), to picking a passion and pursuing it. In a way, Gen-Y is more career minded. And, all the success stories are promising, serving as inspirational messages — making you want to quit your boring 9-to-5 and pursue your passion instead. Isn’t that what Rancho from 3 Idiots asked us to do in that gripping speech?
However, despite having the liberty to pick their own careers, it has been seen that millennials quit their jobs within the first two years of joining an organisation. Today, when they can choose from a range of career prospects, what is it that makes them want to quit their jobs? The thing that might strike you as obvious is job dissatisfaction. However, are a majority of millennials really dissatisfied with their jobs?
What is this all about?
According to a survey that was carried out by Deloitte Touche Tohmatsu Ltd., a private UK-based company, 44% of millennials will be looking to quit their current job and switch to another organisation or do something completely different from what they started off with. The study involved 7,700 millennials spread across 29 countries, including India. Surprisingly, only 16% of those surveyed see themselves working with the same organisation for as long as a decade. This lack of loyalty could be a serious threat to those whose business is based on employing a large number of millennials! Even so, the threat to companies that are making their mark in a developing market is higher when compared with companies in an already established market.
Tell me more!
So, why does our generation seem so skeptical about steady jobs? Well, there is a possibility that the problem lies with the organisation, and that they are not to blame at all. Organisations seem to lack a work culture that is best suited to the needs of the younger generation. Anjani Kumar, founder and CEO of Successwrks, tell us, “Most organisations still work with systems and processes that were devised decades ago, which continue to be hierarchical and rule-bound in nature. Millennials feel suffocated in such an environment.” So, when there is no prospect of this changing, millennials decide that hopping jobs is the best way out.
Confused? Let us help you out with a little firsthand experience. We are now clearer about our career prospects than we ever were. This makes it easier for us to figure out what we are capable of and what have to offer our employers, and especially what we expect from them. In the past, people looked up to their superiors for guidance and mentoring; which isn’t observed so often today (although there is of course the argument that it should be!). Millennials want to grow on their own, with scarce help from their superiors. “The moment they see a difference in their own plans and the agenda of the company, they think that it is time to move on,” explains Anjani. This is made worse by the fact that millennials are very spontaneous. The impulsive behaviour leaves little chance for them to think clearly and even a slight difference between opinions leads them to think it’s time to change.
How can employers and organisations change this?
The first and most important thing that organisations can do is establish an open, non-hierarchal culture. Anjani tells us, “Millennials need the freedom to express themselves and be creative. So, when you provide them with an opportunity to work with an organisation that provides them room for themselves, they grab it!” And, equally important is a non-judgemental treatment, which would work wonders.