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September 2016
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September 2016
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Bungee Programs Boost Personal Development
Tuesday, September 13, 2016

Turnover is a problem at many companies, even those with high engagement . In part, it has to do with shifting trends in the overall workforce. Millennials are more likely to change jobs than their parents were. On average, these younger employees will only stay with an organization for 2.5 years for the first decade they are out of college. There are myriad reasons for this, but one of the main ones is that Millennials get bored. Personal development isn’t just a buzzword for these employees; in fact, 65 percent of them say their own development is the most important factor in deciding to leave or stay at a job. And this doesn’t just mean getting better at what they can already do—Millennials want to learn new skills. That’s why many companies are looking at implementing so-called “bungee” programs, in which employees can transfer to an entirely different department to learn new skills for a brief period. Not only does this help keep employees engaged; it also strengthens the overall workforce so that when employees do inevitably leave, their absence isn’t so detrimental. 

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