Purpose
The article intends to instigate a new thought process for management institutions to reshape their curriculum and design their teaching around mitigating the rising attrition among millennials. As there is a huge influx of millennials into the corporate world, it is much required that we concentrate on the quality of talent produced and ensure that this talent gives long term results for organizations aiming at a sustained development for both, the organizations as well as the millennial workforce.
Design/methodology/approach
A survey was carried out to seek views from academicians and senior practitioners, who often work as mediating and moderating factors in the process.
Findings
The managers need to understand that apart from developing retention strategies, the target employees should also have the intention to stay, which cannot be instilled by the organization and should be taught along with their management education. It is only to save the time and money of the organization and easing their struggles by developing at the grass-root level, which is in the classrooms where the managers are created.
Originality/value
Much research has been done on revamping teaching pedagogy and including more industry-specific skills into the management education. This article seeks to pin point the attitudinal development of the outgoing managers, which has a high intention towards job hopping.
Entrepreneurship is considered to be one of the engines for transforming our world and overcoming the diverse nature of global challenges as it promotes sustained, inclusive, and sustainable economic growth, higher levels of productivity, technological innovation, full and productive employment, and decent work for all peoples (United Nations, n.d.). Over the last decade, however, this belief has been shown to be flawed given that the typical start-up is not innovative, creates only a few jobs, and generates little wealth. Policy makers are increasingly focusing as such on the so-called scale-ups, or start-ups that have experienced growth of more than 20% over the last three consecutive years. The general belief is that these companies have a big impact on the economy, especially in terms of job creation. The purpose of this paper, then, is to test whether public resources should continue to be devoted to the generation of new companies or if these should be oriented toward the promotion of high growth companies that are defined as scale-ups. To accomplish this task, we developed a multisector model based on Social Accounting Matrices (SAM) to measure this impact of start-ups and scale-ups and applied it to a regional economy (Andalusia). The results obtained suggest that while scaleups have a greater impact on gross domestic product, productive output, and job creation compared to traditional entrepreneurial activity, this is not large enough to replace the latter.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.