Catherwood LibraryILR School

According to a new poll, there is a current trend towards voluntary turnover and lack of job tenure amongst the younger generation. Unlike their parental baby boomers, millennials are believed to have different attitudes towards their jobs and the benefits they receive. 40% of baby boomers remained with their employer for more than 20 years, which is now believed to be driven by the pensions they traditionally received. According to the Bureau of Labor Statistics, only 18% of workers currently have defined pension plans, unlike the baby boomers, of which 35% received pension plans during the 1990s. Millennials have also lived through the recession, where many saw their parents laid off, resulting in a lack of trust for big corporations that the baby boomers had. Millennials and younger baby boomers are also more likely to go back to school to receive further education and thus move up in their careers.