Microsoft says these 2 things will stop Gen Z and millennials from saying: 'I quit'

Earlier this year, Microsoft recovered that 52% of young radical polled, namely Gen Z and millennial workers, said they were apt to see changing employers this year.

But for companies hoping to clasp these employees, not each anticipation is lost. 

According to Microsoft, 73% of Gen Z and Millennials said they would enactment longer astatine their jobs if it's easier to alteration roles internally. 

Younger workers are besides much apt to enactment if their companies springiness them the flexibility to prosecute "side hustles" oregon businesses for further income, said Microsoft. 

Microsoft defines Gen Z arsenic those who are betwixt the ages of 18 and 26, and millennials arsenic those betwixt 27 and 41.

"With the Great Reshuffle, companies person been trying to bent connected to the radical that they have," Colette Stallbaumer, the wide manager for Microsoft 365 and "future of work," told CNBC Make It successful a virtual interview. 

The Great Resignation — besides known arsenic the "Great Reshuffle" — refers to the exodus of workers during the pandemic. Employees near their jobs for higher wage oregon what they perceived arsenic greener pastures.

"Now we're seeing a small spot of a settling [down], yet it's inactive a truly tight labour market," Stallbaumer added.

One crushed employees alteration their jobs is that they judge "learning requires leaving," said the Microsoft report. 

The survey recovered that 55% of respondents alteration companies arsenic they judge it's the "best way" to make their skills. 

"Organizations and concern leaders request to deliberation astir utilizing learning arsenic a retention lever. Because if radical are learning and growing, let's look it — they'll stay," said Stallbaumer. 

Two retired of 3 employees indicated a willingness [they were willing] to enactment if it were easier to marque a lateral determination to a relation that offers caller skills.

Specifically, 73% of Gen Z and millennials said they would, compared with 65% of Gen X (42 to 55 years old).

According to LinkedIn, opportunities to larn and grow were besides seen arsenic the No. 1 operator of a large enactment civilization successful 2022, compared with 2019, erstwhile it was astatine No. 9. 

The maturation of employees was "de-prioritized" during the pandemic, according to Stallbaumer, arsenic businesses focused connected "trying to support doors open." 

"If you deliberation astir the acquisition we've each collectively had the past respective years, there's nary question that people are moving more," she added. 

"Now is the infinitesimal … for organizations to truly stop, intermission and deliberation astir however they are helping radical turn and larn caller skills?" 

That requires a mindset displacement for companies — to statesman reasoning astir the interior workforce arsenic a marketplace, Stallbaumer added. 

"How bash you assistance radical deliberation astir interior mobility … [to be] much similar a vocation playground, alternatively than a vocation ladder that you're conscionable climbing up?"

The pandemic has besides changed what employees privation retired of enactment and life, said Stallbaumer.

"We've seen their values change, we've seen radical prioritize well-being and consciousness of intent … and however enactment fits into their life."

According to Stallbaumer, this is wherefore younger employees are progressively pursuing aspirations extracurricular of work, specified arsenic broadside hustles, the creator system and entrepreneurship.

Microsoft's study recovered that younger generations are the astir apt to aspire to beryllium their ain brag — 76% of Gen Z and millennials said that is simply a goal, compared with 63% of those who are Gen X and older. 

That's wherefore flexibility continues to beryllium an important information for young workers.

Of the Gen Z and millennial employees polled, 77% said they're much apt to stay successful their existent jobs if they are fixed the flexibility to prosecute broadside projects for further income, said Microsoft.