This past fall, a survey indicated that new college graduates are likely to move on from their first post-college job within a year from their hire date. Whether this is a consequence of a difficult economy making it hard to find a dream career job, or a reflection of the unwillingness of Millennials to commit themselves to their first employer is open to speculation. The survey was conducted by a national staffing firm and asked of their local offices. The results indicated that the respondents expected over 70% of Millennial college grads to have moved on from their first job within a year of hiring.
Whatever the cause, this is a trend that argues strongly for a “try-before-you-buy” approach to hiring. We recently posted an article on the costs of hiring. When you factor these costs into the facts revealed by the survey, the price you pay an agency even for a long term temporary hire are easily offset by replacing just one moving Millennial.