An investigation of millennial's commitment to their employers to retain talent in Gauteng

Abstract

Background: The millennial workforce issue is vital to all industries’ achievement because this generation is the new workforce. The economic future of the 21st century relies on this generation’s talent to push organisational objectives. This study’s functional implications include offering insight into recruiting and sustaining this generation in the workplace and integrating this generation with other generations harmoniously. The distinction between how millennials interpret themselves and how different generations assume how they are, is at the centre of the challenges companies face today. Literature suggests that this generation has a high self-esteem about their skills, and they are known to have different views than other generations before them. Millennials have been stereotyped by older employees as arrogant towards authority, with a lack of initiative, as well as having bad attitudes (Tyson, 2017:4). Research purpose: This study aimed to engage with millennials, examine the work traits that influence their decision to stay in their current organisations and provide the organisations with a strategy for addressing millennials’ retention issues. It is critical to consider how the millennial workers’ characteristics influence their commitment to an organisation for talent retention. Research design approach: In this research a quantitative approach is used by the researcher. The quantitative course is used to examine the correlation between millennials and the workplace characteristics that have an impact on millennials’ organisational commitment, and the gathering of descriptive data about the millennial cohort. The researcher used the following workplace characteristics as determinants: technology, work-life balance, perceptions of quick attainable job advancement opportunity, workplace challenge and social responsibility.

Main findings: This study established a correlation between prospects for employee growth, intricate work, self-managed career paths, and the opportunity for progress and organisational commitment of millennial cohort. This study also suggests that there might be some suitable workplace traits which attract and retain millennials. According to these findings, companies should keep an eye out for these characteristics in the workplace to keep more of the millennial generation’s workers.