Top 10 Reasons Why Youngsters Leave Jobs For Business

Why do millennials keep changing companies so often?

The upcoming generation is all about equal opportunities, better pay, and more importantly flexibility. But apart from these things, companies always fall short of their younger set of employees. India is the 3rd largest country with most startups, where the culture of entrepreneurship is not just innovative but embraced.

The global workforce comprises quarter portions that fall under the Millennials and Gen-Z category. With numerous corporate gifting and other stuff, what fascinates the younger generations to cite newer opportunities, and how to retain them.

People change jobs frequently for reasons like-

1. Family or Spouse transfers
2. Spending time with kids
3. Career change
4. Get a higher level of education
5. Quick increments

Why Millennials quit their jobs?

Before discussing the perks of owning a business, let's understand briefly the reasons behind your potentially smart employee quitting unexpectedly.

1. Company Culture- The younger generation believes in being independent, financially, or otherwise. Their overall skillset is utilised pretty less in a 9 to 5 job schedule. A company's work culture affects the mindset and protocols of the people working there. Toxic work culture leads to millennials in the workplace quit faster and look for a respective opportunity.
2. Flexibility- With the advent of the pandemic, flexibility has become a priority for many salaried employees. Since working from home requires a certain amount of regulation and endurance; more people are opting for flexible timings and work from home opportunities. Flexibility in any job or company has resulted in increasing employee productivity throughout.
3. Age & Tenure- Mostly since the millennial generation has seen their middle-class families struggle with the same pay-scale and loyalty towards one service, they acknowledge the need for job-hopping. Doing a job or business isn't a liability or helplessness for youngsters, it's passion, ideas, dedication, smart work that drives them. According to numerous surveys, youngsters between the age of 25 to 34 are most likely to venture into independent businesses.
4. Diminish Internal Politics- Having good relations with your boss or manager is considered normal in the professional scenario. A healthy rapport doesn't just help you in recognition but also puts you in the good books during the appraisal. But that isn't the case with youngsters in corporate industries, along with their skill set, they need no disgusting internal politics that will diminish their credibility.
5. Corporate Monotony- An old saying comes around- "People don't quit a job, they quit a boss." Youngsters don't delve into monotony and want to feel challenged and inspired in their professions. Constant rules, reporting to bosses, last-minute changes, long transportation timings, and no overtime pay is a common factor in corporate companies. Without good employee engagement, the creative flow stops and the resumes start getting updated on Linkedin.
6. Lack of Authority- Owning a business gives you a major sense of responsibility and management. Whereas, corporates grant certain senior positions to more experienced ones or occasionally personal referrals with a lack of skill set. Acknowledgment is a prime factor for any youngster, a place where there is no sense of respect, or appreciation or any type of authority on personal inventories is a BIG NO for today's gen.
7. Bad Management- Not all corporations get crucial employee benefits, or suitable teams to work or get along with. Issues like lack of cooperation, poor administration, defective tools for usage, lead to incomplete work culture. Inadequate authorities tend to produce jobs that will be a dead-end.
8. Lack of Recognition/Appreciation- This is a common problem that has been prevalent in the corporate sector for decades. From presentations to strategising, the junior employee isn't provided with the due credit he/she deserves while the manager takes the trophy home. People work for hours and hours at their sedentary jobs for years and do not get their due increment, appraisal, or appreciation for their hard work. Hence, the Indian youth automatically inclines towards entrepreneurship.
9. Mental Health- Any company who promotes lower stress levels to its employees recognise the importance of mental health. The younger generation lives for themselves and tries to maintain a healthy work-life balance. Corporates generally tend to be pushy and end up putting more than general pressure on employees. Upcoming generations are very vocal about mental health and like things done their way, hence, venturing into entrepreneurship to be their own boss.
10. Better Pay Scales- Many feel millennials are all about the money. Money is a strong factor when it comes to jobs, but many employees work for lesser salaries if they are given the perfect opportunity to display their skills. Other factors like- too much work pressure exceeding hours and ruining the work-life balance are the prime factors that surpass the monthly salary packages.

Corporate Vs Business

Corporate roles and self-owned businesses are totally different parameters of the industry. Let us understand the differences between these 2 entities-

1. Businesses enable employees to enhance and use their skill sets openly.
2. Corporations need employees to be under management or control over senior personnel.
3. Businesses need a lot of planning and strategising every now and then, while corporate jobs become monotonous after some time.
4. Small businesses or startups have a friendlier work environment compared to strict policies laid out by corporations.
5. Corporations do not have any meaningful contribution appreciation or recognition time for junior employees playing important roles in the company's growth.
6. Things like financial instability, sudden layoffs, payroll freezing, overtime work without extra pay are some of the biggest cons in the corporate sector.
7. Work engagement helps in building stronger relations between the employer and employee. Small businesses promote celebrations, gifting, and put more effort into keeping their teammates happy for a healthy and happy environment.

IN CONCLUSION

Many people adapt to the corporate lifestyle but more people are daring to dream now. From finding investors, to bringing up creative solutions new businesses are building their mark in the country. The reason why youngsters leave their jobs is that they find their skills not being utilised in the best manner.

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