One of the biggest, unavoidable and inevitable problems of any business is its failure to retain employees. Employee turnover is costly to businesses. It costs around $15000-$25000 per employee to firms as a turnover cost. A study by U.S Department of Labor’s Bureau of Labor Statistics tells us that the median tenure for millennial employees […]
Tag Archives | Millennials
Busting the Myths and Exaggerations about Millennials
It’s unfortunate that as a new generation enters the workforce, they are labelled with stereotypical attributes that resembles that of young people, which tend to stay with them for the rest of their work life. Millennials are an archetype of one such anomaly. A global study conducted by IBM has aimed at breaking these stereotypes […]