by Derek Matthews
Originally published: February 2, 2017
Author and speaker Simon Sinek's video recently went viral when he pinpointed the massive elephant in the room: managing millennials. The millennial generation has been labeled with sweeping generalizations and pejorative descriptions deeming them a nuisance in the workplace. The general consensus is that they're lazy, entitled, over-confident and impatient. While all of these traits present issues, impatience especially is causing an expensive revolving door for many organizations.
Millennial impatience shows up in the form of "job hopping" and is keeping CEOs up at night worried about retention. Research indicates two-thirds of millennials are poised to leave their current company by 2020. And replacing an entry to mid-level millennial costs approximately $15,000 to $25,000. The revolving millennial door is spinning out of control. But what is causing millennial impatience?