Millennials - the new age workforce that forms the bulk of our working population today. These are the group of working adults that are born between 1981 and 1997.
Interestingly, Millennials are a relatively unique group of workers. Known for their ability to work within a fast-paced environment and their eagerness for success, their needs in the corporate world have baffled HR practitioners and top management. The big question is - what exactly do Millennials want for their career?
According to a recent survey conducted by office space provider, Instant Offices, Millennials strive in a rapidly-evolving working environment. Additionally, their career aspirations do not differ that much as opposed to their predecessors - one that offers a myriad of career opportunities and progression.
Based on their survey findings, money and remuneration rank the highest (92%) on what Millennials want in the workplace, following by security and stability in their jobs (87%) and having sufficient holidays and paid time off (86%). Millennials also want to be able to enjoy flexible work arrangements and be able to work alongside "great" people.
Similarly, the survey results also indicate that Millennials prioritise having me-time and time off for holidays, with 40% of the survey respondents indicating that they have the intention to take substantially long breaks to travel or simply to relax. However, that does not suggest that Millennials are simply all about "holidaying" or "partying" their youths away. In fact, majority of Millennials (80%) are willing to pick up a new skill when considering a new job. Around a quarter of them are even willing to go to the extra mile to take extended breaks to gain new skills and qualifications.
While these survey findings reflect what Millennials generally seek in the workplace, there are some nuances in terms of the rank of these priorities between genders.
Female Millennials would prefer if companies grant them more time to care for their dependents such as children, older relatives or spouse. They would also want to make use of the time to do volunteer work as part of their personal development outside work. On the other hand, male Millennials would mostly choose priorities that focus largely on themselves.
Millennials are optimistic about their employability
About two-thirds of Millennials are fairly optimistic about their current employment status, with close to three quarters of survey respondents confident that they will be able to find an equally good or even better job within three months if they were to lose their primary source of income. Furthermore, the survey findings have showed that Millennials are an extremely hardworking generation, with close to three quarters of them working more than 40 hours a week.
While it might seem that Millennials have a lot going on in their lives - possessing the eagerness to excel in their career and personal development - it is clear that they know what they want to achieve and how to go about achieving it. Rather than trying to make Millennials conform to the traditional working environment, companies should look beyond the traditional working environment and create a culture that is cohesive for Millennials to strive. After all, it will be this group of individuals that will eventually be the successors of the working population today.
This article was first published on Gpayroll, on 16 April 2019. Information is correct at the time of publication.