The State of Millennials

According to the survey, 43% of Millennials plan to quit their current job within two years. Only 28% plan to stay in their current role for more than five years.

The survey is based on the views of 10,455 Millennials and 1,844 members of Generation Z questioned across 36 countries. Millennials included in the study were born between January 1983 and December 1994 and represent a specific group of this generation—those who have college or university degrees, are employed full time and work predominantly in large, private-sector organizations.

Key Findings

Among the findings in the report, here are a few highlights:

 Business Ethics. For the past two years, Millennials have felt relatively more positive about the motivations and ethics of the business sector. This year, however, their opinions have taken a sharp turn downward. Why? Millennials believe there is a mismatch between how responsible companies should behave and how companies actually behave. Only 48% of respondents now believe corporations behave ethically. Nearly 75% of respondents now see businesses focusing on their own agendas rather than considering the wider society. Nearly 40% say business leaders are having a negative impact on the world.
Diversity and flexibility are key to loyalty. Good pay and positive corporate cultures are most likely to attract both Millennials and Gen Z, but the keys to keeping them happy are diversity, inclusion and flexibility. However, survey respondents believe that most business leaders are not committed to developing inclusive cultures. To respondents, diversity can include tolerance, inclusiveness, openness, respect, different ways of thinking, or simply, differences
Young workers feel unprepared. Young workers are looking to businesses to help them develop the necessary skills, including the “soft” skills they believe will be more important as jobs evolve.

How To Build Loyalty

Despite the findings of the report, employers can take several steps to build loyalty with Millennials and other employees.

  1. Younger workers want to understand what loyalty means from their employer’s perspective.
  2. They want to understand what financial benefits they will receive for providing longer-term loyalty to their employers.
  3. They want to know if they will develop professionally more by staying at their current job or leaving for a new one.
  4. They want to work for companies not fixated on profits.
  5. They want companies to share their financial rewards with their employees.
  6. They want to be part of a positive workplace culture.
  7. They want opportunities for continuous learning and workplace flexibility (which includes being trusted by their employers not to have strict hours or locations).

The Role Of The Gig Economy

The attractiveness of the gig economy is one major factor that could drive Millennials to leave their current job.

Among those Millennials who would willingly leave their employers within the next two years, 62% regard the gig economy as a viable alternative to full-time employment.

Why? The top reason is the potential for higher earnings. Flexibility and freedom are the next two reasons.

According to Deloitte, seven in 10 Millennials who are members of senior management teams or on boards would consider taking on short-term contracts or freelance work as an alternative to full-time employment. This compares to 57% of junior employees.

Conclusion

Want to attract and retain Millennials? Organizations that are focused on improving society, developing their workforce, providing more flexibility, promoting diversity and encouraging innovation will likely create a more motivated, productive and loyal workforce.

What do you think? Are these realistic requests or unreasonable demands? Are Millennials self-entitled or do they have a right to feel concerned? We want to hear from you in the Comments section.

120 Responses

  1. All trends of medicament. Prescription Drug Information, Interactions & Side.
    ivermectin 2%
    Comprehensive side effect and adverse reaction information. Actual trends of drug.

  2. Drugs information sheet. Comprehensive side effect and adverse reaction information.
    buy stromectol pills
    Prescription Drug Information, Interactions & Side. What side effects can this medication cause?

  3. Everything information about medication. Read information now.
    ivermectin 80 mg
    Some are medicines that help people when doctors prescribe. drug information and news for professionals and consumers.

  4. Generic Name. Learn about the side effects, dosages, and interactions.
    https://nexium.top/# can you get cheap nexium without insurance
    drug information and news for professionals and consumers. Some are medicines that help people when doctors prescribe.

  5. Read now. Some are medicines that help people when doctors prescribe.
    zestril 10 mg tablet
    Learn about the side effects, dosages, and interactions. Prescription Drug Information, Interactions & Side.

  6. What side effects can this medication cause? Everything information about medication.
    https://finasteridest.online can you buy propecia prices
    Definitive journal of drugs and therapeutics. Learn about the side effects, dosages, and interactions.

  7. Everything what you want to know about pills. Definitive journal of drugs and therapeutics.
    https://edonlinefast.com ed medications online
    Drug information. Learn about the side effects, dosages, and interactions.

  8. Comprehensive side effect and adverse reaction information. Medscape Drugs & Diseases.
    ed pill
    Get warning information here. Comprehensive side effect and adverse reaction information.

  9. Best and news about drug. Drugs information sheet.
    cialis usa
    Everything information about medication. Learn about the side effects, dosages, and interactions.

  10. Youre so cool! I dont suppose Ive learn anything like this before. So nice to seek out any person with some authentic thoughts on this subject. realy thank you for beginning this up. this website is one thing that’s wanted on the web, someone with slightly originality. helpful job for bringing one thing new to the internet!

  11. One thing I want to say is the fact car insurance cancellations is a dreadful experience and if you are doing the right things being a driver you won’t get one. Lots of people do receive the notice that they have been officially dropped by the insurance company and several have to struggle to get additional insurance from a cancellation. Low cost auto insurance rates usually are hard to get following a cancellation. Having the main reasons concerning the auto insurance cancellation can help individuals prevent completely losing in one of the most important privileges accessible. Thanks for the concepts shared by means of your blog.

  12. Usually I don’t read article on blogs, however I would like to say that this write-up very forced me to check out and do it! Your writing style has been amazed me. Thank you, very great post.

  13. What i don’t realize is actually how you are not actually much more well-liked than you might be now. You’re very intelligent. You realize therefore significantly relating to this subject, made me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it?s one thing to do with Lady gaga! Your own stuffs great. Always maintain it up!

  14. Fantastic goods from you, man. I have understand your stuff previous to and you are just extremely excellent. I really like what you have acquired here, really like what you’re stating and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I cant wait to read far more from you. This is actually a tremendous website.

  15. That is very fascinating, You’re an overly professional blogger. I’ve joined your feed and sit up for seeking more of your fantastic post. Also, I’ve shared your web site in my social networks!

  16. I am not sure where you are getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for fantastic information I was looking for this info for my mission.

  17. whoah this blog is great i love reading your posts. Keep up the great work! You know, many people are hunting around for this info, you can aid them greatly.

  18. I have realized that of all kinds of insurance, health insurance is the most debatable because of the issue between the insurance coverage company’s obligation to remain adrift and the user’s need to have insurance policy. Insurance companies’ profits on wellness plans are extremely low, hence some businesses struggle to make a profit. Thanks for the ideas you discuss through this web site. Ralph’s Roof Repairs and Restoration 1163 Burke Road, Kew VIC 3101

Leave a Reply

Your email address will not be published. Required fields are marked *