Agencies Are to Blame for Job-Hopping Epidemic
Staff turnover at media agencies is high. Senior agency execs often pin the blame on those pesky millennials unwilling to pay their dues and show loyalty. But the real culprit is staring them in the mirror.
Many young agency staffers Digiday interviewed claim they’d love to stick around for years instead of months but say that agencies themselves make it impossible. The business works by treating young staffers like cannon fodder: hire them cheap, give them rudimentary training, then deploy them in waves. If agencies really wanted their staffers to stick around longer, they could pay them more, work them shorter hours, and offer better training and career development. But that’s not the business model.
“At my last job, I liked the company and I really loved working with my team, but when you’re offered clear progression and more money somewhere else, it’s difficult to say no,” said one digital planner who worked at three New York-based media agencies in five years.
“I’d rather have stayed where I was, but I didn’t see much of an opportunity for progression,” the planner added. “They didn’t do much to try to make me stay.”
Another buyer under 30 said one way to get around that issue is to leave for a competing agency and then to return, if they’ll have you. Ironically, that’s one of the easiest ways to both progress within an organization and to boost your salary, he said.
It’s that type of attitude that riles senior agency executives. Staffers should show more loyalty to the companies that employ them, they argue, and work their way up from the inside of companies instead of jumping ship to whichever competitor waves the biggest check at them. They need to understand that they have to pay their dues.
“I came up with bosses who were all Baby Boomers. They expected you to go and fetch them coffee and be grateful for the opportunity. You did it without complaining,” one anonymous agency exec told Digiday. “It’s now a shift in mentality. They’re a what-have-you-done-for-me-lately generation. A paycheck doesn’t seem to count.”
Times certainly change. The undeniable fact is that the agency business has played a big part in creating this problem. Some New York agencies take on new recruits for salaries of little over $30,000 a year and then act surprised when they join a competing shop for $40,000. Loyalty is one thing, but when you’re struggling to make ends meet, the prospect of a 20 percent pay raise is difficult to ignore.
Agencies say the rise of digital has prompted them to search for driven, results-oriented, entrepreneurial employees, yet they complain when their staffers notice better opportunities elsewhere.
“We hire very curious people with lots of ambition,” acknowledged Media Kitchen president, Barry Lowenthal. “Millennials are curious, you can’t hold them down.”
So maybe there’s a middle ground. Yes, members of the millennial generation might have a sense of entitlement and impatience that its predecessors didn’t, but most are probably savvy enough to know when and where their loyalty will be rewarded. Perhaps it’s up to agencies to do a better job of putting their junior staffers in that type of situation if they want them to stick around.
As brands test Amazon’s direct link between digital ads and Whole Foods purchases, they spot new data nuggets — and gaps
Advertisers are using Amazon's recently-launched attribution feature to see how digital ads drive real-life purchases at Whole Foods.
‘I don’t think their outlook is dire’: Why a return to in-person events hasn’t deterred marketers on Clubhouse
Even with vaccine rollout and a return to in-person events, marketers still see the value in Clubhouse communities formed during the coronavirus pandemic.
Some agencies are giving summer Fridays a second look so employees can ‘enjoy their life again’
Agency executives say that the increased focus on taking advantage of summer Fridays this year is to help employees take the time they need to relax, improve mental health after a difficult year and avoid burnout.
SponsoredHow The Company Store is reimagining customer experiences for pandemic-era growth
Throughout the pandemic, some retail categories have been inherently successful. Home furnishings and décor are among them; with consumers spending so much more time at home, updates and renovations flourished. Criteo data from the first half of 2020 showed sales for items like outdoor furniture sets up 434% year over year, with other home items […]
‘Bridge the gap between paid and organic’: Why Reddit is building an in-house agency to work with brands
Reddit is building an in-house creative strategy agency, KarmaLab, in a broader bid in recent years to grow its ads business.
Cheat Sheet: Why Roblox is fast becoming one of the most important media businesses of the future
Gamers spent 9.7 billion hours on Roblox in the first three months of the year. Here's a look at how the company became one of the most important media businesses of the future.