Dan Lyons’ recent book about his misadventures at HubSpot describes the culture clash that ensued when Lyons, a 50-something journalist, tried working at a tech company staffed largely by 20-something Millennials. Looked at another way, though, the story is also about the lengths to which companies will go to keep Millennials from leaving their jobs.
- Scene from Google’s Stockholm office from home-designing.com.
The free food, ping pong tables, video games, social gatherings, and the alleged permissive work environment Lyons describes sounds like a continuation of college, which understandably would be effective at recruiting college grads. Other companies have deployed meatier strategies, as described in this Wall Street Journal article. It highlights programs that give junior staffers access to senior executives, job rotations, international stints and other, more substantial offerings companies provide to prevent Millennial talent drain.
In the aggregate, companies haven’t figured out how to increase Millennial job tenure. The same WSJ article reports, “Last year [2014], the median job tenure for workers aged 20 to 24 was shorter than 16 months. For those aged 25 to 34, it was three years, according to the BLS, still far short of the 5.5-year median tenure for all workers aged 25 and older.”
The media showers attention on employers as they try to crack the Millennial code, but there’s another group involved in fostering Millennial career development: Millennials themselves.
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