For Many Millennials, Professional Development Is a Must

Dallas-area businessman Randy Blum launched Randall Blum Insight Consulting in 2018. The company helps Fortune 500 companies facilitate millennial employee satisfaction and productivity. As president and CEO, Randall Blum is involved in professional development projects for this population of workers.

According to a Gallup poll, 87 percent of millennials rated professional development as very important. In addition, 59 percent of millennial workers reported they wanted jobs that offered the chance for them to learn and grow, compared to 44 percent of Gen Xers and 41 percent of Baby Boomers. Deloitte similarly reported that millennials rate professional development as a must-have.

According to Training Industry, many millennials are skipping the MBA degree in favor of professional development. Specific activities millennials are in search of include access to business leaders and co-workers, assistance in developing interpersonal skills, and knowledge of business frameworks. Savvy businesses can implement co-learning programs, which combine mentoring and expert knowledge, to help meet these needs.