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nGInsights: Millennial Wanderlust and the Job Hopping Connection

Three ways to satisfy the Millennial wanderlust itch without breaking the bank in turnover costs

By Rachael Rizzi, MBA, CSRM, CISR | Updated on November 05, 2013

On the heels of my “How to Raise a Millennial” article, I was asked to assist in creating a continuing education class for independent agents centered on ways to bridge the gap between industry veterans looking to retire and untapped young talent. As I was attempting to define both groups and how they relate to each other, I rested on the concept of wanderlust. On the surface it is a term used to describe an intense longing to travel, to experience what it is like in other parts of the world. However the undercurrents of this concept from a generational perspective are causing waves in the workforce.

For many working Americans, particularly Baby Boomers (people born between 1945 and 1965), wanderlust is the ultimate destination of life; the reward at the end of a long career, typically in the same industry, that comes hand in hand with retirement. However, for Millennials (people born between 1980 and 2000) wanderlust is the ultimate journey of life; the process by which they find their place in the world and leave their mark on it. These competing views provide insight of the issues that are surfacing as the reigns of the insurance industry are passed from Baby Boomers to Millennials.

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