U.K. Millennials Are Badly Paid for Staying With Their Jobs
- Workers born since mid-1980s found less likely to move jobs
- Typical pay rise for job movers in mid-20s is 15%: Resolution
This article is for subscribers only.
Millennials may have a reputation for job hopping but new U.K. research shows that the reverse is true. And that’s hitting their pay packets.
One in 25 Britons born in the mid-1980s moved jobs before turning 30, about half the rate for those who were born a decade before them, according to data compiled by by the Resolution Foundation. That means they’re not benefiting from the double-digit pay rises that earlier generations gained by changing employers.