Employers say they are planning to hire 11% more new college graduates for jobs in 2016 than they did last year. Perhaps the slight increase is due to 68% of hiring managers agreeing that, “Millennials possess certain skills the previous generations doesn’t tend to have.” Or perhaps employers will be replacing Millennials that have left the organization since 58% of Millennials expect to leave their jobs in three years or less.
Whatever the reason for recruiting or engaging Millennials at work, it’s crucial to understand the shifting perspectives they have of work and career so you can better position your company as an ideal Millennial employer.
1) Millennials stated that taking on increasingly challenging tasks (82%), being known as an expert in a particular area (77%), and advancing up the management ladder (74%) were their career goals. (Boston College Center for Work & Family)
2) Nearly 37% of U.S. workers work remotely, and Millennials are more likely than others to look for work-from-home jobs. (Fast Company)
3) Only 20% of Millennials wanted to advance in their career if it meant spending less time with their families/personal lives. (Boston College Center for Work & Family)
4) 52% of Millennials say corporate loyalty is outdated, and professionals are successful if they craft their own path. (Upwork)
5) 43% of Millennials think that they should be able to apply for a job on a tablet, and 39% expect to be able to apply for a job on a smartphone. (Center for Generational Kinetics)
6) 44% of Millennials agreed that they tended to make their career choices based on their own values rather than the choices provided by their employers. (Boston College Center for Work & Family)
7) 77% of Millennials said part of the reason they chose to work where they do is because of the company’s sense of purpose. (Deloitte)
8) 50% of Millennials want opportunities for international assignments. (Boston College Center for Work & Family)
9) Millennials want feedback 50% more often than other employees. (Harvard Business Review)
10) Only 40% of Millennials are willing to relocate to advance their careers. (Boston College Center for Work & Family)
11) 82% of Millennials believe it is easier to start a business than ever before. (Upwork)
12) Millennials rated “financial support to attend external training programs or conferences" and “access to informal mentors” as the top ways employers can support their careers. (Boston College Center for Work & Family)
13) 42% of Millennials want feedback every week, twice the percentage of every other generation. (Center for Generational Kinetics)
14) Millennials most important measurements of career success are work-life balance (44%), job satisfaction (43%), salary/salary growth rate (35%), achievement of personal goals (27%), work achievements (25%), and development of new skills (24%). (Boston College Center for Work & Family)
15) 66% of Millennials said that life outside of work was more important than career. (Boston College Center for Work & Family)
16) 64% of Millennials said they would rather make $40K at a job they love than $100K at a job they think is boring. (Intelligence Group)
17) 79% of Millennials would consider quitting their regular job and working for themselves in the future. (Upwork)
18) Over 80% of Millennials said, “career growth opportunities” was the criteria they use to select an employer. (Boston College Center for Work & Family)
19) Nearly three-quarters of Millennials agreed or strongly agreed that offering flexibility to employees in completing their work was a strategic way of doing business. (Boston College Center for Work & Family)
20) Millennials rate “growth and development” as the #1 reason to stay in a job. (Workplace Trends)
21) 58% of Millennials disagreed with the notion that most of their interests were centered on their work. (Boston College Center for Work & Family)
22) 45% of Millennials would quit a job if they didn’t see a career path they wanted at the company. (Center for Generational Kinetics)
Question: Which statistic did you find most mind-altering?
Consider Ryan Jenkins to be your next Millennial/Generation Y or Generation Z keynote speaker by clicking here...