Geriatric millennials have the most power in the workforce right now

Australia News News

Geriatric millennials have the most power in the workforce right now
Australia Latest News,Australia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

But a certain cohort is leading the way.that looked at 9 million employee records from more than 4,000 companies, midcareer employees are driving the quits. Resignation rates are highest among 30- to 45-year-old employees, increasing on average by more than 20% over the past year.

That means its mainly older millennials and younger Gen Xers who are making the Great Resignation so, well, great. Other research backs this finding up.found that more than half of Americans in the workforce — including a disproportionate number of millennials — planned to look for a new job in the coming year. In August, a study by Personal Capital and The Harris Poll found that two-thirds of Americans surveyed were keen to switch jobs.

The reasons for the resignations are plenty, per the HBR: Employers may be less inclined to hire less experienced workers, creating more demand for mid-level workers; this cohort may have postponed switching jobs until some of the dust settled from the pandemic's economic effects; and the pandemic has caused some to reevaluate what they want in both their job and in life.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia to stick with nuclear submarine purchase despite Chinese angerAustralia to stick with nuclear submarine purchase despite Chinese angerPrime Minister Scott Morrison shrugs off Chinese anger over the decision to acquire nuclear-powered submarines from the US, saying his country has a right to protect its interests.
Read more »

Car headlights are becoming more high-tech than ever, and regulators are having trouble keeping upCar headlights are becoming more high-tech than ever, and regulators are having trouble keeping upHeadlights have quietly undergone some revolutionary changes, and regulators are having trouble keeping up.
Read more »

Remote, Hybrid Or In-Office: 3 Workforce Considerations For CFOsRemote, Hybrid Or In-Office: 3 Workforce Considerations For CFOsFor many employees, their company’s decision to go remote, hybrid or in-office could be the deciding factor to stay at or leave their job.
Read more »

Remote, Hybrid Or In-Office: 3 Workforce Considerations For CFOsRemote, Hybrid Or In-Office: 3 Workforce Considerations For CFOsFor many employees, their company’s decision to go remote, hybrid or in-office could be the deciding factor to stay at or leave their job.
Read more »

Webex by Cisco BrandVoice: Hybrid Workplace: Designing A Long-Term Strategy For The Future Of WorkWebex by Cisco BrandVoice: Hybrid Workplace: Designing A Long-Term Strategy For The Future Of WorkNow’s the time to ask: what’s our long-term strategy for hybrid work and how can we ensure it’s successful? Sponsored by Webex
Read more »



Render Time: 2025-04-12 19:22:49