A turbulent 2016-punctuated by terror attacks in Europe, Brexit, and a contentious US presidential election-appears to have rattled millennials’ confidence, according to Deloitte’s sixth annual Millennial Survey. Young professionals indicate they’re less likely to leave the security of their jobs, more concerned about uncertainty arising from conflict, and not optimistic about the directions their countries are heading.
A survey of nearly 8,000 millennials representing 30 countries around the globe revealed the following:
Pessimism in developed markets is rampant. In mature markets, only 36 percent of millennials predict they will be materially better off than their parents and 31 percent say they’ll be happier.
Uncertain times appear to be driving a desire for stability. Last year, the "loyalty gap" between those who saw themselves leaving their companies within two years and those who anticipated staying beyond five years was 17 percentage points. This year, it’s only seven points.
Purpose has benefits beyond retention. Those who are provided opportunities to contribute to charities/good causes in their workplaces also are less pessimistic about the general social situation and have a more positive opinion of business behaviour.
Automation is rapidly become a feature of working environments. Millennials see automation providing opportunities for value-added or creative activities, or the learning of new skills. Conversely, 40 percent see automation posing a threat to their jobs.
Flexible working arrangements continue to increase. Within the workplace itself, flexible working continues to be a feature of most millennials’ working lives and is linked to improved organisational performance, personal benefit, and loyalty.
Young professionals seek directness and passion, not radicalism.
Surveyed millennials, in general, don’t support leaders who take controversial or divisive positions, or aim for radical transformation rather than gradual change. They are more comfortable with plain, straight-talking language…[read the full article at www.voxy.co.nz]