Workforce Trends News

Boomers, not Millennials, responsible for the decline of the 'organization man'

Federal data from the Bureau of Labor Statistics reveals that the stereotype of millennials as job-hoppers is inaccurate. In fact, baby boomers switched employers just as frequently, if not more, than millennials did at the same age. Men born in the second half of the baby boom era had an average of 10 jobs by age 34 and 12.7 jobs by age 56. Job-hopping is a common behavior early in one's career, regardless of generation, and is influenced by economic factors. Millennials, in particular, experienced slower job-hopping rates compared to previous generations due to the 2007 financial crisis and the subsequent slow job market recovery. Job-switching has benefits for workers, including higher pay and finding the best fit for their career, and is associated with a more productive economy overall.