By 2020 nearly 75% of all employees will be made up by the millennial generation.
3 out of 4 millennials have been described as not engaged or actively disengaged at the workplace.
According to the Deloitte 2018 HR trends, employee engagement is one of the top organizational priorities. 85% of global executives rated engagement as important or very important for their companies.
At the same time, more than 40% of all workers reported high stress and the lack of interest in their jobs, directly negatively impacting their productivity and engagement.
Despite the $8 billion dollars spent on employee wellness programmes just in the US, the problem of disengaged and stressed out young generation remains unsolved.
Are we facing the collapse of the entire workforce?
Our argument is that we have so far been addressing the effects and haven’t looked into the roots of the disengagement and stress problem.
Millennials are the generation that has been growing up in the time of increasing complexity, information, unpredictability and change. Yet, they have been educated by the system that hasn’t yet caught up with the change.
They were taught to make decisions, applying a linear logic and operate in a predictable future.
The world has opened endless opportunities and told them to “be anything you want to be” but hasn’t given them the tools and the resources to do it.
As a result, 75% of the millennial generation find themselves stuck and frustrated, unable to find their meaningful work and life. They keep jumping jobs, chasing shadows and burning out in the process.
The costs of the burnout leave, recruitment and employee disengagement has a direct negative impact on the company’s bottom line and the corporate brand.
But, it can be reversed, if we address the root of the problem.