Workplaces where the next generation of talent thrives: how great organizations develop and retain tomorrow’s leaders
Key Findings
• Trust drives Millennial retention, more so than for other generations. When Millennials believe their company has a high-trust culture, they are 22 times more likely to want to work there for a long time – while Baby Boomers are 13 times more likely and Gen X-ers are 16 times more likely to want to stay with the company when their workplace is great.
• Millennial leaders pose a greater flight risk than other generations. As Baby Boomers and Gen-Xers move up in rank, their experience of the workplace improves greatly. However, our data shows this is not the case for Millennials, whose experience stagnates the higher up they move.
• When leaders show they value their Millennial employees, the entire company benefits. At companies where managers show sincere interest
in Millennials as people, the organization sees an 8x improvement in agility, and a 7x improvement in innovation capabilities.
• Millennials are stronger brand ambassadors at high-trust organizations. Millennials who say they have a great workplace are 59 times more likely to strongly endorse their company to friends and family.
