Career Change - Jolt CEO on BBC World about millennials path — Jolt Business Podcast #7

Roei Deutsch, Jolt CEO
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September 3, 2019

The episode's transcription:

Interviewer: According to recent research by Deloitte millennials, those between 18 and 35 are far more likely to chop and change jobs compared to other age groups.

They say that one in four millennials changes jobs every year, which costs the US economy $30 billion a year. So what can businesses do about it? Well, let's speak to Roei Deutsch who is a cofounder and chief executive of Jolt.

Roei, good to have you with us. And when they say it cost the economy, $30 billion a year, how?

Roei Deutsch: Well, imagine you hire someone and you train them for six months. You get them ready for their position and six months later the start their employment, you know, actually doing, being productive, doing stuff a and 6 months later they leave. So we actually, for those six months for productivity, you may have paid them double.

Interviewer: I see, so they're taking the training and then they go to another employer. Okay. So how do companies stop that from happening?

Roei Deutsch:  Well, you know, that's the one thing everyone we're trying to find out, right? So if you look from a millennial perspective, it makes all the sense in the world to switch jobs every year ago or year and a half. Universities are no longer preparing us for the employment market as previously expected. So we actually required to constantly acquire skills and connections to stay relevant in the employment market and changing jobs actually make that happen.

As an employer, you know, millennial employer, when I look at relevant candidates, someone who has been in the job for more than three years, something is off with that. Like we do expect people to kind of like get more skill sets and move from one position to another. So when you look from the employer's perspective, if you understand the reason why millennials are leaving their jobs after two years, you see it's because they want to learn new skill sets. They want to acquire new skills.

So what employers in the United States are struggling to do now is make their workplaces to be more like schools. How do you let a millennial gain something from their employment that is not only money, not only meaning, but also actually acquiring new skills and connections to you now see the millennials sort of look at workplaces as if they were schools.

Interviewer: Okay. So is it just a case of set up training courses then? Is that simple as that?

Roei Deutsch:  I wish it was, but essentially, you know, would we know about learning today is that it's not as simple, right? You go to work for an American Corporation and they'll be wanting to give you all the training in the world and we'll put a instructors and classes and they'll try to give you training courses. But it would actually happen is that, is that, um, it's Kinda like dieting, working out.

We all want to do it right? We all want to be fit and we want to eat healthy, but it's harder to do it than to see it. So employers are doing everything looks right, but then the millennials who just said they only want to learn, they don't come to classes and they don't actually stay and they don't engage with it.

So what we have been doing is trying to kind of hack what would be a learning experience that can be almost addictive. And what we're doing is we're working with companies to build these cinematic core learning spaces into inside their corporations that actually keep people engaged.

Interviewer: And how long have you been with jolt?

Roei Deutsch: I've been in Jolt for three years.

Interviewer:Your change, did you change your job? You're a millennial, surely. You're looking round now?

Roei Deutsch:  No, not near future, no.

Interviewer: Okay.

So why do so few of us have creative breaks?

Because almost everything will work again if you unplug it for a few minutes. Including you.

Charles Darwin took long walks around London. Kurt Vonnegut made listening to jazz a daily priority. Fiona Apple disappeared for 6 years after the release of her third album.

So why do so few of us have creative breaks?
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I ask because I can often be found agonising over the "more". If only I posted on Instagram more, I'll think in the bath. I'd have more followers if I pitched to more publications. I need to post 2 more times a week, minimum. I could go on...

Between you and me, I've got frustrated with myself for browsing Facebook or watching too much TV more times than I can remember.

And I'm not alone. So many of us are terrified of taking a break, creatively speaking. We won't let a moment pass without listening to a podcast, consuming an article or sharing something.

The cognitive load is real, y'all.

But like Vitamin D, sleep and good food, it's not only ok to take a break, it's essential.

Living a successful life is also about knowing when not to work. For your best output, you need to focus on your input, too.

The world won't end if you disappear from the internet for a week or so. Your creativity won't suddenly stop. Your time is now, but your time was also then and it will be again.

Your dreams don't have an expiration date.

Many of us confuse being "busy" with being constructive. But you can only do your best work by taking breaks.

And science backs it up, too. The brain requires substantial downtime to do its most innovative thinking. The ideas you have while driving or in the shower aren't coincidental. They're a result of you taking a step back, whether you're aware of it or not.

Here's a challenge for you

Let yourself take a wonderful and indulgent break. Several breaks. Hell, get downright bored.

Put airplane mode on for a while. Sit down. Lie down. Be still. Do nothing. Observe. Listen to your mind. Let it do what it does without judging it.

Wallow in it. Don't be afraid of it. Push it as far as you can.

When you leave your laptop behind, something always happens. A new idea or a fresh perspective appears.

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"A spark of inspiration needs an empty cave."

Take proper breaks, often. Completely clear your mind. Your next best idea depends on it.

Could you get to the top 1% of your industry?

Empower your team to go and shine.