1. Job Security: There has been a shift in the supply of jobs, from low-skill jobs to high-tech skilled jobs: in the U.S., manufacturing jobs have all but gone away but tons of other jobs remain unfilled because of lack of skills.
2. Job Loyalty: Millennials are over half the workforce and spend on average only 16 months at any job. This is due to the “loyalty challenge” they feel.
3. Technology: Digital technology is everywhere now. Social media is a force that can’t be ignored. Due to digital disruption and the rapid rate of change, companies must reposition themselves constantly. They must now be agile. Sometimes, this comes in the form of Software-as-a-Service (SaaS) or digital platforms that automate tasks previously handled manually.