Give Millennials a Reason to Stay

May 26th, 2015 by tds admin

Jobs in oil & gas are increasing in number, yet there are fewer and fewer Baby Boomers to work the jobs. A critical factor for your organization’s success is finding new employees to fill the gap, and, more importantly, to retain these new employees.

The challenge is that it’s difficult to retain employees in the current market. High turnover is commonplace for the latest generation of workers, which has been nicknamed “The Millennial Generation” – those born from the early 1980s to the early 2000s. Turnover refers to instances where employees voluntarily leave their place of employment, and Millennials often have little
loyalty to stay with an employer. Organizations frequently lose valuable employees who, from their perspective, simply choose a more attractive workplace. If you have invested time and effort training and developing these employees, you do not want them walking out with valuable knowledge and skills – perhaps to a competitor.

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