Despite their sluggish career growth, they’re also the most loyal
Generation X – the ‘forgotten middle child’ in the new era of work – may be facing yet another setback in life.
Employees from this generation are said to have the slowest rate of career progression compared with those who came before and after them, according to a new study.
In the past five years, nearly seven in 10 Gen Xers (66%) in leadership roles have either been awarded a promotion only once or have not been promoted at all throughout the period, research from Development Dimensions International Inc. showed.
In contrast, Millennials (52%) and Baby Boomers (58%) in management positions have reportedly received two or more promotions within the same time frame.
“Despite their growing influence and leadership responsibilities, Gen Xers have the slowest rate of promotion,” researchers found. Only 58% from this generation are convinced their career is advancing within the company at an acceptable pace.
But when it comes to company loyalty, Gen Xers serve the longest tenure. These employees, along with Baby Boomers, tend to work for an average of two organizations in the span of a decade.
Millennials, on the other hand, seem to be shifting gears more often, working for an average of three employers within the period.
With the threat of stagnancy, however, two in five Gen Xers (40%) are reportedly considering resigning from their company to advance their career. Almost one in five respondents (18%) claim their desire to leave has increased in the past year.