Employers incorrectly believe that the #1 reason young talent leave is for Mo' Money. Wrong, wrong, wrong. If you want to know the real reasons young talent leave, invite a third party to do the asking. A NEUTRAL THIRD PARTY can assure confidentiality so young talent open up...wide. We call it the "Oprah Effect." With nothing to loose talent will tell the truth. Best of all, the Oprah generates rich retention data for the employer and guides them to develop real strategies to keep young talent longer than the average 18-36 months.
In 4000 3rd party exit interviews we've learned that the #1 reason young employees leave is to pursue new opportunities. Beyond that, MISMANAGEMENT is a huge category. Here's a short sample of departing talents' typical responses:
- I'm not challenged in my work.
- My boss doesn't notice when I do a good job.
- My boss does notice when I'm ten minutes late.
- I don't have the tools I need to do my job.
- I don't feel a part of the team.
- My ideas aren't valued.
Bottom Line: Exit Interviews can be a tremendous tool for gathering attrition data. Be careful of employees who don't feel comfortable telling you the truth.
What are you doing to attract, manage, and keep young talent?
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