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Why more millennials are quitting lucrative jobs to travel - CBS
Millennials, estimated to make up more than a third of the American workforce, are re-inventing the traditional concept of employment. They are also leaving their lucrative jobs in order to travel.
"This really is a symptom of the job market today. People are voluntarily leaving their jobs at the highest rate since 2000. The hiring market is strong. There are now more open jobs than there are unemployed workers, so people who are thinking about quitting are saying this looks like a really good time to do so," said Chip Cutter, managing editor of LinkedIn. "They have the confidence to do it. They think they'll be able to get another job pretty easily."
A 2018 Deloitte Millennial Survey found 43 percent of millennials plan to quit their jobs within two years, and only 28 percent of millennials plan to stay in their current role for more than five years.
Millennials, estimated to make up more than a third of the American workforce, are re-inventing the traditional concept of employment. They are also leaving their lucrative jobs in order to travel.
"This really is a symptom of the job market today. People are voluntarily leaving their jobs at the highest rate since 2000. The hiring market is strong. There are now more open jobs than there are unemployed workers, so people who are thinking about quitting are saying this looks like a really good time to do so," said Chip Cutter, managing editor of LinkedIn. "They have the confidence to do it. They think they'll be able to get another job pretty easily."
A 2018 Deloitte Millennial Survey found 43 percent of millennials plan to quit their jobs within two years, and only 28 percent of millennials plan to stay in their current role for more than five years.