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Study finds that millennials change jobs every two years

A study conducted by PayScale Inc. and Millennial Branding found that U.S. millennials, or those between the ages of 18 and 30, switch jobs every two years on average.

A study conducted by PayScale Inc. and Millennial Branding found that U.S. millennials, or those between the ages of 18 and 30, switch jobs every two years on average.

By comparison, members of "Generation X" typically spend about five years with each employer, and baby boomers spend about seven, according to the report.

The study focuses on millennials, or Generation Y, and among its findings are that millennials are most highly concentrated within companies with fewer than 100 employees (47 percent), followed by companies with between 100 and 1,500 employees (30 percent). It also purports that millennials are more adverse to large companies, and value the freedom that smaller employers with less stringent rules can offer.

"This report confirms that Gen Y is an entrepreneurial group, highly versed in social media, and prefers freedom and flexibility over big corporate policies," said Dan Schawbel, founder of Millennial Branding in a news release. "While they are the future corporate leaders and change-makers, they are suffering in this economy by having to work in retail jobs over professional ones. A bachelor's degree can no longer be traded in for a job."

For more information on the study and complete results, click here.

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