The millennial generation has been the most studied cohort to date because of the massive demographic of that generation. Clearly the Millennial generation will redefine the workplace and demand very different 21st century practices. Organizations should understand the desires and expectation of the Millennials in order to ensure that this generation is engaged in the goals and objectives of the employer. By addressing the Millennial concerns, organizations can drive more retention, productivity, and profitability.
A recent survey conducted by Addison Group showcased the following results comparing other generations to the Millennials:
- 16% are most likely to look for a new job
- 34% are seeing a raise this year
- 32% actively seeing a promotion
- 38% believe that having office is right, rather than reward
- 42% believe that they should have 5 or more different jobs throughout their career
- 27% did not feel their present job was ideal
- 45% had an interest in management positions
- 41% enjoyed managing others
- 26% stated they would leave the organization if no offered management opportunities
- 41% believe it should only take 2-3 to become part of management
- 30% desire help figuring out career goals