The 2016 Deloitte Millennial Survey: winning over the next generation of leaders

During the next year, if given the choice, one in four millennials would quit his or her current employer to join a new organization or to do something different. That figure increases to 44 per cent when the time frame is expanded to two years. By the end of 2020, two of every three respondents hope to have moved on, while only 16 per cent of millennials see themselves with their current employers a decade from now. This remarkable absence of loyalty represents a serious challenge to any business employing a large number of millennials, especially those in markets - like the United...  [+] Show more

During the next year, if given the choice, one in four millennials would quit his or her current employer to join a new organization or to do something different. That figure increases to 44 per cent when the time frame is expanded to two years. By the end of 2020, two of every three respondents hope to have moved on, while only 16 per cent of millennials see themselves with their current employers a decade from now. This remarkable absence of loyalty represents a serious challenge to any business employing a large number of millennials, especially those in markets - like the United States - where Millennials now represent the largest segment of the workforce. Businesses must adjust how they nurture loyalty among millennials or risk losing a large percentage of their workforces.

This survey collected the views of nearly 7,700 millennials representing 29 countries around the globe. All participants were born after 1982, have obtained a college or university degree, are employed fulltime, and predominantly work in large (100+ employees), private sector organizations. This summary explores the factors that underlie the loyalty challenge and offers suggestions, based on respondent responses, that could help earn that loyalty back.

Excerpts from publication.