An Exploratory Study on Millennial Job Hopping: A Basis for Crafting a Retention Program in SBMA Alumni of Colegio de San Juan de Letran - Calamba Class of 2016 and 2017

Roland Jacob  Alvarez,; Louise Aina  Salita,; Luisa Mae   Soto,

An Exploratory Study on Millennial Job Hopping: A Basis for Crafting a Retention Program in SBMA Alumni of Colegio de San Juan de Letran - Calamba Class of 2016 and 2017

Roland Jacob Alvarez | Louise Aina Salita | Luisa Mae Soto

Abstract:

This quantitative and qualitative study determined the factors affecting millennial job hopping in terms of the following: pay and benefits, training and development, progressive hr policies and practices, innovation at work, job satisfaction, job enrichment, job rotation, career mobility, reward top performers, critical resources, and high potential (HIPO) employees in order to craft a retention program for School of Business Management and Accountancy (SBMA) Alumni Class of 2016 and 2017. Survey and email interview were conducted to gather data from 30 respondents who were qualified as millennial job hoppers whose age ranged from 21 - 26 and had at least two to ten months length of service before leaving the previous job. The researchers analyzed the assessment of the alumni in the factors affecting millennial job hopping. The statistical treatment used were frequency distribution, weighted mean, and percentage to analyze the data to and to determine the factors affecting millennial job hopping of the SBMA Alumni of Colegio de San Juan de Letran - Calamba Class of 2016 and 2017. The result of the study found that each of the factors indicated had contributed to millennial job hopping. The researchers then crafted and recommended a retention program that will help companies to retain millennial employees.