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What do you mean by low engagement? Are they not doing their work in their given hours?
I'm a millennial but I imagine it's the same issue.
Work isn't something I want to do. It's something I have to do to for money. If someone offers me more money I'm going to take it.
So first thing to check is are they just leaving for better pay. If so paying them more is basically your only option.
In my industry (software development) the average length at a job for younger people is two years because it's the only way to get a decent pay rise in many cases.
The idea of loyalty to a company is dying a quick death.
If it's not that the only to find out is to talk to them. Ask them if they're willing to do an exit interview and see if there's anything you can improve on.
GenX here. Same for me. I take pride in what I do, but the moment the clock hits 17 the whole company can burn down for all I care.
Just curious, but is your job or industry that much in demand that you know you can get a job the next day if your company were to burn to the ground?
I work in IT.