Dive Brief:
- Millennials in 2016 were 50% more likely to re-locate and 16% more likely to look for opportunities in new industries than non-millennials, according to new research from LinkedIn.
- In terms of what industries are snapping up millennials, technology leads the way (9%), with healthcare (7%) and financial services (7%) tied for second place.
- A sampling of skills that millennials listed in their credentials included social media marketing, economics, and software.
Dive Insight:
The report, in highlighting what millennials believe are the best skills they bring to the table, seems to align with past research on younger workers. Like Generation Z after them, millennials are often given high marks by their employers when it comes to technical skills. Leadership and soft skills, however, have been commonly cited as areas of improvement for younger workers.
Organizations in the fields of technology, finance and healthcare are in a good position to attract more millennials. By paying attention to these areas, employers can evaluate what they have to offer in terms of employment opportunities and focus their efforts on creating rewarding job paths. Training programs are a cost-effective way to improve their chances of staying on board.
Another LinkedIn finding of particular interest: millennials are moving away from traditional retail jobs to pursue higher education. Much of this could be attributed to the shift away from brick and mortar stores to e-commerce retail, exemplified by the recent large hiring spree announced by Amazon.
