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Decoding the Career Exodus: Understanding Why Gen Z and Millennials are Leaving the Corporate World (Episode 145)
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Ever wonder why Gen Z and Millennials are rushing for the exit doors of the corporate world, leaving gaping holes in our workforce? Dr. Jason Wiggins, a leading authority on these generations, is stepping into our virtual studio to help us decode this enigma. Dr. Wiggins brilliantly unspools this complicated thread, bringing to light the impending exodus of our younger workforce – a staggering 70% of Gen Z and Millennials are planning to vacate their posts by 2024. We talk about the financial hemorrhage these departures can cause to organizations and how the loss of their innovative minds can erode the cultural dynamics within teams.
Tune in to discover the real reasons behind these career nomads' restlessness and their audacious disregard of a crumbling economy. Our conversation also takes a detour debunking myths about these cohorts; no, they're not lazy, entitled, or afraid of hard work. Dr. Wiggins provides sharp insights into the aspirations of these generations for work-life balance, flexibility, and opportunities to chart their own course – with a whopping 73% of Gen Z showing an entrepreneurial streak. We wrap up this enlightening chat exploring how organizations can emulate a 'run-your-own-business' atmosphere to retain these indispensable assets. Ready to rethink your strategies to tap into the potential of Gen Z and Millennials? Don't miss out on this insightful episode.
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