Seven Reasons Millennials Are Quitting Their Jobs

Millennials are often labeled as job hoppers upon entering the workforce. Seven main reasons underlie millennials' decisions to leave their jobs.

This is illustrated by The Deloitte Global Millennial Survey 2019, conducted among 13,416 millennials in 42 countries and 3,009 Generation Z individuals from ten countries. A significant 43% of millennial respondents and 34% of Generation Z respondents cited dissatisfaction with salary as the primary reason for leaving a company. The next reason, cited by 35% of millennial respondents and 33% of Generation Z respondents, was a lack of opportunities for advancement. Finally, an unsuitable or disliked company culture was another key reason for millennials and Generation Z to leave their jobs.

Conversely, this survey also shows that 28% of total respondents expect to stay in their current job for five years or more. There's a strong correlation between plans to remain in their current position and guarantees of financial performance, societal impact, talent development, diversity, and inclusion. These factors present challenges for companies to adapt to by adopting the mindset of the younger generation.