EVOLVE Business and Professional Magazine February 2020 | Page 34

WORKFORCE
OF THE FUTURE
According to Gallup Research on
Millennial Engagement
• They change jobs more often than other
generations. About 21 percent report
switching jobs within the last year, and 60
percent are open to a different opportunity.
• Millennial turnover costs the U.S. economy
an estimated $30.5 billion annually.
• 44 percent of Millennials say they are more
likely to be engaged when their manager
holds regular meetings with them. But only
21 percent of Millennials meet with their
manager on a weekly basis.
According to studies conducted by
Upwork and Freelancers Union
• Freelancing currently contributes
nearly $1 trillion dollars to the US
economy, almost 5% of the GDP
• The majority of the workforce
will freelance by 2027 based on
workforce growth rates found
in their report “Freelancing in
America 2017”
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