Millennials, who are already emerging as leaders in technology and other industries and will compromise 75 percent of the global workforce by 2025, want to work for organisations that foster innovative thinking, develop their skills, and wish to see them make a positive contribution to society. This study reveals that Millennials believe businesses are not currently doing as much as they could to develop their leadership skills and that they need to nurture their future leaders, especially as they cannot count on them biding their time until senior positions arise.
Characteristics of millennials at work
While most Millennials believe business is having a positive impact on society by generating jobs (48 percent) and increasing prosperity (71 percent), they think business can do much more to address society's challenges in the areas of most concern: resource scarcity (68 percent), climate change (65 percent) and income equality (64 percent).
Additionally, 50 percent of Millennials surveyed want to work for a business with ethical practices.
Millennials say government has the greatest potential to address society's biggest issues but are overwhelmingly failing to do so. Almost half felt governments were having a negative impact on areas identified as among the top challenges: unemployment (47 percent), resource scarcity (43 percent) and income inequality (56 percent).
Millennials want to work for organisations that support innovation. In fact, 78 percent of Millennials were influenced by how innovative a company was when deciding if they wanted to work there, but most say their current employer does not greatly encourage them to think creatively.
They believe the biggest barriers to innovation are management attitude (63 percent), operational structures and procedures (61 percent) and employee skills, attitudes and lack of diversity (39 percent).
Almost one in four Millennials are 'asking for a chance' to show their leadership skills. Additionally, 75 percent believe their organisations could do more to develop future leaders.
Millennials believe the success of a business should be measured in terms of more than just its financial performance, with a focus on improving society among the most important things it should seek to achieve.
Millennials are also charitable and keen to participate in 'public life'. 63 percent of Millennials gave to charities, 43 percent activity volunteered or were a member of a community organisations and 52 percent signed petitions.
How can employers best attract and retain millennials? Do you have any workplace insights on this issue? Share your thoughts below using the comments section.
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