(Bloomberg) -- Job growth and wages are on the rise, which should signal a great time for businesses in the U.S.—except that no one wants to run them. Only one-third of American workers believe becoming a manager will advance their careers, according to recent survey by professional staffing website Addison Group.
The report, composed of 1,496 responses from American employees born between 1946 and 1995, also shows that only a quarter of employees are interested in becoming more effective managers and 17 percent of employees had no interest whatsoever in managing other people.
"This could be a problem if it gets ignored," said Steve Wolfe, executive vice president of operations at Addison Group, who predicts that if young people are promoted into managing roles they're not interested in, companies will lose talented employees. "We're seeing more millennials who want to be knowledge experts today, rather than in charge of other people," said Wolfe.
Millennials (defined by Addison as people born between 1980 and 1994) are less interested in management than previous generations of young people, said Wolfe, even though they tend to be more interested in promotion and career advancement than older employees, simply because they're newer to the workforce. The study found that fewer millennials want to be responsible for others, even though they want more personal responsibility, said Wolfe.
"Too often, companies promote their best salesperson to be sales manager, or their best engineer to be engineering manager, because that's just the track they're on," said Wolfe. "We know from decades of research that when that occurs, job satisfaction goes down and turnover goes up."
Indeed, millennials value job mobility more than other generational groups, the survey found, even if they don't want to jump through a company's preordained management hoops. Nearly a quarter of millennials are currently seeking a promotion at their jobs, compared with 19 percent of Gen Xers and nine percent of boomers. Millennials were also most likely to leave a current job if they weren't able to advance beyond their current roles.