Is the company loyalty available anymore? The definition of corporate loyalty has certainly changed over the years. Gone are the days when an employee would stay with one company for thirty years, especially as it is what employers estimate them again. Even being in one company for ten years is becoming part of the past. Now it looks like the longer you stay at work, the less marketable you will be.
This change in corporate loyalty has become very interesting for thousands of years, which are men and women born between 1982 and early 2000s. Millennials tend to change jobs every few years, if they hold even so long. They do not seem to be loyal to their employer but instead want new challenges and recognition, so by changing companies they will continue to grow and develop their jobs.
According to the Deloitte 2016 Millennial Survey, where they gathered nearly 8,000 thousands from 29 countries, found thousands of years "undermined" and "underdeveloped as leaders" and therefore they were constantly on the move. They are constantly looking for companies that offer them the opportunity to increase their knowledge and want more ownership of their projects.
In order to slow down the continuous turnover of employees, leaders need to invest more in the skills they have. If they believe their employees are missing, they should make sure that company, motivation and development opportunities create enough hobbies before it is assumed that it is all the staff. do. Entrepreneurs need to make sure that it is not only the needs of those who are met, but also their employees. They need to create a way for growth within the company, including investing in younger generations. This is not easy because each employee has his or her own expectations about what he or she wants, so leaders need to take time to understand each person's wishes and wishes.
If loyalty can be seen as an obligation to keep employees of all ages productive, involved and adequate, it can continue to foster at work. The result will then benefit both employers and employees.
As a leader, have you thought about what changes will happen to your business that will benefit both you and your employees?
Other "L" words to contemplate – lead, listen and play.