Myth #3: Millennials have no sense of company loyalty

by Modis on July 18, 2013

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In part three of our ongoing exploration into the myths and realities of Millennials in the workforce, we explore the question of loyalty and trust between employers and their Gen-Y workers.

Myth: Millennials have no sense of company loyalty.

According to the myth, Millennials have a strong disdain for big business, a need to stick it to “The Man,” and no issue with leaving a job at the drop of a hat. They have absolutely no loyalty to the businesses they work for, only loyalty to themselves and their careers. Many experts say working for one employer for your entire career is no longer the norm. BLS statistics show the average worker has been in their position for 4.4 years. Millennials typically leave a job on average between 1.5 and two years.

But this doesn’t mean they are leaving because they’re disloyal. 

This myth is BUSTED! The truth is, Gen-Y has been witness to many employees getting burned by their business. Developing trust is key.

Reality: Millennials are distrustful.

This is a generation that has been let down by big business, watched the removal of incentives like pensions, 401Ks, and other benefits, and seen the detriment of a failing economy and massive layoffs. It’s disheartening, and often a heavy weight to bear for a generation that’s becoming an increasingly entrenched part of the workforce. But being distrustful of corporations isn’t something that Millennials solely experience. Gen-Xers and Baby Boomers are seeing the same things.

True, Millennials are perhaps less enamored with big corporate structure and traditional career trajectories than their generational predecessors. While they’re not blind followers who are quick to step in line like cogs in the corporate machine, they truly appreciate and value a great boss. The reality is that Millennials aren’t married to the corporations they work for, but they can be fiercely loyal to their bosses.

As an employer of Millennials, it’s important to gain their trust by showing them you care about them and their role in the business. New studies show the most common reason a Millennial stays in his or her job is because they feel a sense of loyalty to their bosses. Conversely, one of the biggest reasons they quit their jobs is because they’re not satisfied with their bosses, which makes establishing and maintaining that loyalty an important consideration for employers.

Building camaraderie and a professional relationship that in some ways mirrors a friendship is very important for bosses seeking to retain their Millennial workforce. The way employers interact with Gen-Y workers can go a long way in earning their trust and solidifying their long-term role on the team. Treating Millennials with respect and professional kindness will endear them to stay by your side and be less likely to jump ship at the drop of a dime.

Don’t forget: We’re debunking millennial myths in our free upcoming webinar!

Join Modis on Wednesday, July 31st as we debunk millennial myths with Dan Gaffney, Managing Director of Modis South Carolina, and Justin Witt, Business Development Manager of Modis Jacksonville. These two will be discussing millennial myths, the realities behind these myths, and the helpful tips you can use as a manager to develop great working relationships with the millennial generation. Did we mention that this webinar is free?

Don’t miss out! Register now!

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{ 3 comments… read them below or add one }

Meredith Cruz July 19, 2013 at 9:13 am

I have to agree. My predecessors likely have not experienced the instability and fear of not having gainful employment to the extent of my generation.

The loyalty to a big business is only as strong as the loyalty to each “boss” working for them. I am loyal to the extent I feel trust in my boss. When that relationship breaks down, I look for another job.

Modis July 19, 2013 at 10:37 am

Thanks for your comments Meredith! We appreciate you taking the time to leave some feedback for us. We have to say – we agree with you! We see that many millennials have – or strive for – a strong relationship with their supervisor/boss as opposed to the company itself. Millennials find it easier to trust one person – especially if they are a strong leader – as opposed to an entire company based on what they’ve witnessed over the years. We actually are also discussing this point in our upcoming webinar. Will you be tuning in as well?

Russell Uresti September 30, 2013 at 4:22 pm

I feel the flip side of this article should be “Reality: Companies are no longer loyal to their employees”. Growing up, my father was laid off twice – once after working at a place for 40 years. Myself, I’ve been laid off once and had the misfortune of working for an employer who was constantly late paying its employees.

We’ve all seen jobs get outsourced, pension funds get slashed, and company CEO’s taking bonuses while they lay off thousands of workers. The reality here is that companies are not loyal to their employees. As soon as the bottom line or investor returns are threatened your job is on the line. Companies will fire people to turn a profit and reduce employees from full time to part time so they don’t have to pay insurance costs.

None of us are getting the retirement watch-the company will lay you off because you’re too old.

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