Millennials in the workplace

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Millennials in the workplace

Background

Millennials (those born between the early 1980s and the early 1990s) make up a huge part of our workforce but they seem to lack loyalty to the companies and the leaders they work for. Multinational companies are noticing larger turnover rates of millennials as employee retention rates fall. This report looks at the findings of two large-scale surveys on the mindset of the millennial generation and explores how organisations can strive to address these needs, increase employee engagement and encourage retention.  

Research

In a global survey conducted by PricewaterhouseCoopers (PwC), more than 40,000 millennial (born between 1983 and 1993) and non-millennial responses were collected on the topics of workplace culture, communication and working styles, pay structure, career development, work–life balance, etc.

In a separate global survey conducted by Deloitte, more than 10,000 millennials participated in a study about their perceptions of the threats and opportunities in the complex world of work.

Key findings

  • Millennials are as committed to their work as their more senior colleagues.
  • Millennials value interesting work and a good work–life balance. They do not believe that excessive work demands are worth sacrifices in their personal lives.
  • Millennials want flexibility in their working hours and are willing to give up pay increases and promotions for a flexible working schedule. They believe that success should be measured by productivity and not by the number of hours they are seen in an office.
  • Millennials want to feel supported and appreciated by their company and their superiors.
  • Millennials want more opportunities to develop their skills. These include technological skills, teamwork and interpersonal skills.
  • Millennials believe that businesses and business leaders should contribute to the improvement of society and they are more likely to be loyal to a company with strong ethics.

Recommendations

Organisations and managers wanting to retain millennials should consider:

  • monitoring their workload and satisfaction levels with their work–life balance
  • creating a flexible work culture where employees have more control over their working hours and their work location
  • providing meaningful work and interesting opportunities
  • offering help and support in continuing professional development
  • changing the organisation's goals from being mainly about profit-making to motives that address social concerns and solve wider societal problems.
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Discussion

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Submitted by Abrarhussain on Thu, 25/11/2021 - 08:10

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The most important thing is team work and good understanding. This keeps me happy at work.

Submitted by Suraj paliwal on Wed, 20/10/2021 - 19:07

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I was born 21st century but I think some necessary things to be happy in workplace there should be good pay, helpful Boss, and good atmosphere for work.

Submitted by Andrea Valencia on Fri, 14/05/2021 - 17:40

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The most important things to be happy at work are good pay, leadership in the company, good organization, recognition of staff efforts and achieving goals.

Submitted by giuseppegualtieri on Thu, 18/02/2021 - 00:20

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I'm a millenial (born in 1989) and I totally agree with this text. I mean, is far more important flexibility than a little more money on your paycheck. And maybe it's true that we are less loyal. But isn't loyalty, it's simply the will to find a better oppurtunity if the workplace in wich we work doesn't match with our way of thinking. For this reason I agree that companies have to motivate all the employee with business goals linked at the good of society and strong ethic.

Submitted by mohamad90 on Wed, 10/02/2021 - 20:11

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I'm a millennial and I think all of these features about millennials are true. The most important thing in the workplace is flexibility. With internet and social media working in a specific place is ridiculous!

Submitted by Erkhemee on Thu, 04/02/2021 - 03:49

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The most important thing to be happy at work is perspicuity. I like to everything clear, easy to understand, what do I need to do etc. Also I'd want to wage that accordant my skill.

Submitted by Thinthinmyoe on Wed, 27/01/2021 - 05:24

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The most important fact to be happy at work place is to respect each other.

Submitted by Minh on Thu, 21/01/2021 - 22:38

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Currently, I'm really happy to work flexible and comfortable in the atmosphere of workplace. No stress. I want to have a good relationship with everybody. Therefore, we can discuss and share several things which I think I have experienced in some fields. I am not sure about the millennial their ideas, but two surveys are gave me many things to think what change nowadays.

Submitted by Ehsan on Tue, 05/01/2021 - 15:35

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The most important thing is flexibility in time and location of work. I'd like to get money for my productivity and not for the number of hours I work. Also, the issue of respect is very important to me.

Submitted by reem mohd on Tue, 08/12/2020 - 16:07

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My job is a major part of my life. I spend most of my day working and putting effort into my work. Therefore, being happy in what I am doing on a daily basis is so important to me. I really like my work environment to be collaborative and friendly! As well as smart and hard-working. Respect has a big role too! Being respected by your teammates is such a good feeling and builds trust in each other.

Submitted by cittàutopica on Mon, 09/11/2020 - 19:09

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Dear me! I'm not a millennial, but I have always preferred the autonomy in my job compared to the pay increases or the promotions.

Submitted by Hennadii on Mon, 19/10/2020 - 19:12

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As a nearly Millennial (born in 1981) I totally agree with all statements of this text. First of all, I think the right balance between work and personal life is a short way to a healthy life. I mean not only a physical health but a mental as wel, plus no worries in relationship, enough time for wife (or husband) and kids. And, of course, some time for yourself. Each of us needs some time to relax or settling our thoughts and feelings. At myprevious job I had to work from 9 am to 10 pm almost every day and it was major reason of my quit. I just coundn't find solid ground going to that work every morning. Another good point is flexible working schedule. Sometimes you have to come at work a bit later or even pass a full day (as needed). It's good if your company can let you do it, of course, not at the regular pattern. And I would like to admit, it's extremly important to have the opportunities to develop our skills. It can help you not only do your job better but feel yourself more confident about the future.

Submitted by Rescudero5 on Sun, 18/10/2020 - 12:29

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(This page is very good) :) :) :) :)

Submitted by Alondrardz on Mon, 14/09/2020 - 17:28

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For me the most important to be happy in my work is that you feel a good work enviroment and your boss is constantly encouraging you to improve your skills.

Submitted by Rorro01 on Mon, 07/09/2020 - 01:14

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To me the most important in work it's to be consider as part of the team and to be recognized for my achievements. Good relationship with collegues also play a fundamental role in having a good and healthy enviroment in work which leads to the end to a happy worker.

Submitted by Cheick Sadibou on Wed, 24/06/2020 - 11:23

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The most important for me at a workplace is the mutual respect between employer and employees, between employees themselves. Besides that, I'd like my wage to worth my efforts.

Submitted by farzane on Wed, 24/06/2020 - 07:38

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I was born in 1996. I'm not a millennial but all the findings are true about me. I need more opportunities to improve my skills, I believe in work-life balance, the atmosphere of the workplace is definitely important for me, I like to be appreciated for my achievements.

Submitted by Aakash Jain on Tue, 16/06/2020 - 02:58

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I think that to be happy at a workplace, efforts from your side and from your colleagues and seniors, both are important. From your side, you should try interacting with as many people as possible, develop the habit of showing gratitude towards others and never develop any resentful feelings for anyone. One should try doing this even if he/she is an introvert. From your colleagues and seniors side, they should try to provide you with an environment which is open, free and understanding. The workplace environment should not be caged with too many rules and regulations, rather, it should be cheerful and optimistic.

Submitted by Ahmadbassam on Sat, 06/06/2020 - 15:56

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I think the most important for me to be delighted at my work is the confidince between the coworkers. and flexitime system at work.

Submitted by M19 on Wed, 03/06/2020 - 17:28

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I feel most contented when my clients needs are effectively and efficiently met. This seems more ethical and professional to me than being money minded!

Submitted by Rafaela1 on Mon, 25/05/2020 - 14:56

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Less stress about human relationships. Decision-making process often causes conflicts. >

Submitted by jazmin marquez on Sun, 24/05/2020 - 18:20

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For me, the most important thing at work is a good balance between work and life. I am a teacher and I have seen many people get sick because they do not have enough time to do their task, even to rest. So, this can generate problems like migraine, depression, gastritis, among many others. On the other hand, it is very important for me to feel supported and appreciated by my students, parents and superiors.

Submitted by OlaIELTS on Thu, 07/05/2020 - 01:55

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The most important thing to make me happy at work is a good welfare and rewards system that recognizes initiatives for development and good working conditions.

Submitted by TAYSH on Thu, 30/04/2020 - 11:29

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In my opinion, the better is that you can fell that you are part of them. On the other words, the managers must take into account our opinions, our skills and our life and let us be responsible for our actions. Only then we will feel useful, will work better and together we will improve production.

Submitted by Max90 on Tue, 28/04/2020 - 11:30

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I think millennials has right chances to reach their goals, the way to work are changing and with it there are some opportunity to give to improve the worklife balance of workers. this one has been understood by millennials and now many private companies run to improve employee retention.

Submitted by Daudau0601 on Sat, 25/04/2020 - 15:32

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The most important things for me to be happy at work is work atmosphere. It has to be democracy and comfortable. If the company has democracy environment, everyone can contribute their ideas as positive as they can. Furthermore, motivation such as promotion, rewards is the best recommendation for anyone who work at your company. They will try as hard as possible to get the reward so the result of work is better and company's profit will increase

Submitted by Rafaela1 on Tue, 14/04/2020 - 03:07

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I wonder if Covid-19 will entirely change the way we work and open up a changeover to a new industrial structure in the near future?

Submitted by shahhoseini on Wed, 08/04/2020 - 15:43

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What's most important for you to be happy at work? In my opinion, the workplace should be friendly so that no one gets bored while working.

Submitted by alsayed on Mon, 09/03/2020 - 14:15

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There are many factors by which we will be happy at work . First . Well paid job makes employees happy .they will be able to pay their bills. They could face high prices rates or effects of inflation . Second . There must be balance between work and employee's life. It will be a very boring job that consumes the whole time if ours .it is meaningless to earn a lot of money and you could not find time to spend it . Third .I must have passion towards my job because those passion will motivate me to develop my skills in many areas .

Submitted by Fikymaulana on Sat, 04/01/2020 - 04:11

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In my opinion, all of jobs or companies has a strength and weakness point. it depend on ours perspective and motivation. In my country it so hard to get a jobs. A large number of fresh graduated confused to find a jobs. I think, we have to apreciate of our jobs while we keep to improve skills and ability in order as a self development. For peoples that haven't get a jobs yet. Don't be affraid and keep going to looking for a jobs.

Submitted by Steve Zarv on Thu, 19/09/2019 - 17:21

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It seems to me that it comprises an awareness of taking into account other factors besides your work environment, regarding to your lifestyle; as for instance, when considering the rates, the motivation is at the top, according to the most common reasons why people don't feel willing enough to be productive. And, what gives you motivation, it's what makes you go beyond and that's what means having a goal. Although your hapiness is prone to your work environment, you shouldn't relegate it to it, it's up to you to change your mind, your perspective by making sure of increasing your knowledge about personal and professional growth.

Submitted by om mariam on Mon, 26/08/2019 - 06:35

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Work atmosphere is the most important things that makes me happy in the workplace.Many factors are included in the term of work atmosphere , it means to me to be comfortable, motivated, and more engaged to the job. But I think these can’t be occur without more democracy in decisions making, open discussions, flexible work hours beside the firm should give the development of employees a special concern i.e the training course that they really need and after their agreement.Bosses who are embraced the culture of low distance power will promote the sprit of initiative and creativity.