April 2020

Bonus Report: Workforce

How to use technology to mitigate job-hopping and retain millennial workers

Workforce experts and employers often suggest that the millennial generation is responsible for sparking the job-hopping trend.

Whittle, L., Parsable

Workforce experts and employers often suggest that the millennial generation is responsible for sparking the job-hopping trend. A 2018 Deloitte survey1 found only 28% of millennials plan to stay with their companies for more than 5 yr. From an employee’s perspective, a strong case can be made for job-hopping. In a good job market, workers—especially younger generations—often can find better opportunities and make bigger salary jumps by changing companies. However, this is far from ideal for employers, especially those in the highly technical oil and gas sector that historically have relied on the tacit knowledge that their workers gain from many years of on-the-job experience. The problem i

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