Millennials in the workplace

Summary
Millennials, who born between the early1980s and the early 1990s are one of the huge part of our workforce, however multinational businesses are finding high turnover rate of them.
According to the reports from two large scale surveys was done for organisations that want to increase the job satisfaction of the millennials who are working for them.
In a global survey based more than 40,000 millennial and non- millennial and in a separate global survey had different contents questions to ask.
Millennials would be happy to do sacrifice pay so they can work shorter hours and the company’s commitment to the greater good of society would promote millennials’ loyalty to their company.
Also, millennials believe that it is important to be appreciated for the work you do. If managers want to keep their millennial employees happy, they should give them options to work from home.





Notes

Background
Millennials (born early 1980s~1990s) - a huge part of our workplace - seems to -lack loyalty to the company & leaders they work for.
Multinational companies notice - large turn over rates of millennials -employee retention rates fall.
This report looks - findings of two large- scale surveys -mindset of the millennial generation & explores how organisations - strive - address these needs, increase employee engagement & encourage retention.

Research
In a global survey -by PricewaterhouseCoopers(PwC), more than 40,000millennial (born 1983~1993)
& non-millennial responses - collected on the topic of workplace culture, communication & working styles, work-life balance, etc.
In a separate global survey - conducted by Deloitte, more than 10,000 millennials participated- about perceptions of the threats and opportunities in the complex world of work.

Key findings
- Millennials - as committed to their work - more senior colleagues.
- Millennials - interesting work & a good work-life balance. They believe - excessive work demands are not worth sacrifices in their lives.
- Millennials want - flexibility, working hours & schedule & they willing to give up increasing pay &promotions. They believe - success - by productivity and not by the number of hours -seen in an office.
- Millennials want -  feel supported & develop skills. Include technological skills, teamwork & interpersonal skills.
- Millennials believe - businesses and business leaders - contribute to the improvement of society & more likely -loyal to a company with strong ethics.

Recommendations
Organisations & managers wanting - retain millennials - consider:
- monitoring their workload and satisfaction levels - their work-life balance
- creating a flexible work culture  employees have more control over- working hours & work location
- providing meaningful work & interesting opportunities
- offering help & support in contiuing professional development
- changing the organisation's goals from profit-making to motives - address social concerns & societal problems.