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She liked her coworkers and enjoyed the job on a day-to-day basis -
except it was not going anywhere.
The company promised Davis an international assignment, but
obtaining the right working papers was a problem. Amid management
shuffles, Davis felt lost in the system after four years.
As she approached 30, Davis said, "I didn't really know there were
careers in things that were interesting like interior design ... It
was never a lucrative career choice. But here in New York I realized
it can be."
A few months ago, Davis left her job with plans to study design. In
the meantime, she is working at an art gallery, which she finds much
more fulfilling.
Davis is not alone. Sixty percent of millennials, ages 22-32, have
changed jobs between one and four times in the last five years,
according to State Street Global Advisors.
"While pay is important, it's clear that millennials won't stay with
companies for money alone," said David Cruickshank, global chairman
of consulting firm Deloitte.
Indeed, despite a rocky job market, 44 percent of millennials would
leave their current employer in the next two years, if given the
choice, according to a new survey from Deloitte. When asked to look
four years into the future, 66 percent of millennials said they
expect to have switched employers.
Like many members of her generation, Davis has the requisite side
hustles, in her case buying furniture on Craig's List, fixing it up
and reselling it. She also walks dogs for extra cash, and is always
looking for new income streams.
According to job website Indeed, millennials ages 18-34 make up the
largest percentage of working people who look at other job
opportunities. In fact, the younger and more educated workers are,
the more likely they are actively exploring new opportunities.
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"Personal values have the greatest influence on millennials'
decision-making on the job," Cruickshank said, while also noting
that 61 percent of "senior millennials" - those with higher-ranking
job titles - have chosen not to undertake a task at work because it
conflicted with their values.
Davis does not have to look far for support. Her 27-year-old
boyfriend recently left his job at a private equity firm to take a
senior role at a startup coffee company in which his former employer
invested. While it is still a finance position, he is also building
a broad-based skill set as the company rapidly expands, she says.
Davis has no regrets on taking her own leap of faith: "I want my
strengths to add value," she says. "Before I was just lost in a big
mix of a big company."
(Editing by Lauren Young and Steve Orlofsky)
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