Jobs and the Future of Work

How loyal are millennial employees?

A staff welcomes a visitor (not in picture) at the reception of the Aurum restaurant in Singapore March 15, 2007.

Is loyalty to your employer a thing of the past? Image: REUTERS/Tim Chong

Murray Nicol
Global Leadership Fellow, World Economic Forum
Our Impact
What's the World Economic Forum doing to accelerate action on Jobs and the Future of Work?
The Big Picture
Explore and monitor how Future of Work is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Future of Work

The days of joining a company after university and remaining with them until retirement are long gone, and they won't be coming back any time soon according to a recent survey of the millennial generation. According to The Deloitte Millennial Survey 2016, 25% of those surveyed expect to leave their current companies within the next year, while two-thirds of respondents (66%) expect to be gone be the end of 2020.

The results are even more interesting when we look at them at the country level. In all 29 countries surveyed, a majority of millenials said that they believe they will have moved on from their organisation by the year 2020.

There is a clear divide, however, between countries from emerging markets and those from developed markets. Peru (82%), South Africa (76%), and India (76%) lead all countries in millennials who see themselves leaving their jobs in the next five years, with the average for all emerging markets at 69%. In contrast, the United Kingdom ranks highest of all developed markets (71%), followed by the United States (64%) and Canada (61%). The average for all developed markets is (61%).

This survey makes it clear that there is not a great deal of corporate loyalty among the younger generation of employees. In his blog “What makes young professionals walk out of their jobs?”, Punit Renjen, CEO of Deloitte, offers three factors for organizations to consider in order to earn the loyalty of millenial professionals.

1. The double bottom line is not just a nice thing “to do”

“Millennials want to work for organizations that prioritize purpose, as well as profit”, writes Renjen, “so creating a culture of purpose is critical."

2. Who they are is what they do

According to Renjen, “Millennials are more independent and more likely to put their personal values ahead of organizational goals.”

3. They crave attention – in a good way

“A lack of leadership-development opportunities and feelings of being underutilized were cited by many who are considering near-term career changes”, writes Renjen about the findings in the report.

Increasing employee loyalty is clearly a major challenge facing organisations. However, Renjen believes that the study provides an important first step in dealing with it. “The writing is on the wall”, he states, “now, it is up to organizations around the world to not only take note, but take action.”

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Asia-Pacific: How the region is prioritizing a green economy

Kanni Wignaraja and Debora Comini

June 10, 2024

About Us



Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum