Millennials represent the largest segment of the workforce in the U.S. and they have the power to shape the fortune of their organizations. Furthermore, every day a significant amount of senior talent and investment is walking out the door.
As a business owner, team leader or a HR manager - what can you do to stop it? In addition, when recruiting new talent to your organization, it is vital to know what the Millennial generation expects and how he or she makes decisions in an every day work environment.
Based on the data of the 2016 Deloitte Millennial Survey we created an infographic that depicts how Millennials think and how an organization can employ and keep them long-term.
2. Who are they?
Findings are based on Deloitte 2016 Millennial Survey
W
erebornafter1982
Haveacollegedegree
Areem
ployed
full-tim
e
W
orkinlarge(100+em
ployees)
privatesectororganizations
3. Global Problem
2 in 3 Millennials expect to leave their
current employer by 2020
PERCENTAGE WHO EXPECT
TO LEAVE IN THE NEXT..
Don't know6 months 1 year 2 years by 20205 years 5 to 10 years 10 years Would
never leave
Expect
to stay
13 12 19 22 66 11 11 27 85
5. Why is it important?
Millennials shape the fortune of their organizations
Millennials represent the largest
segment of the workforce in the U.S.
Significant amount of senior talent and investment
is walking out the door
6. What can be done?
Support Millennials’ ambitions and professional development
Identify, understand, and align with Millennials’ values
Satisfy the demands Millennials have of employers
7. PERSONAL VALUES
IMPACT ON CLIENTS
PERSONAL GOALS AND CAREER PROGRESSION
BEING TRUE TO THE ORGANIZATION'S VALUES
MEETING THE ORGANIZATION'S OBJECTIVES AND GOALS
AVOIDING TROUBLE AND MINIMIZING PERSONAL RISK
IMPACT ON COLLEAGUES
How Millennials make decisions?
Personal values guide where Millennials work
and what assignments they will accept
SENIOR MILLENNIALS
JUNIOR MILLENNIALS
64%49%
45%
46%
38%
36%
36%
34%
60%
58%
57%
56%
51%
50%
PERCENTAGE WHO SAID FACTOR
IS “VERY INFLUENTIAL” WHEN
MAKING DECISIONS AT WORK
8. What do Millennials value?
Millennials recognize that financial success is one of the
key elements to success, but on it's own it's insufficient.
THE VALUES THAT SUPPORT
LONG-TERM BUSINESS SUCCESS
EMPLOYEE SATISFACTION/LOYALTY/FAIR TREATMENT
ETHICS/TRUST/INTEGRITY/HONESTY
CUSTOMER CARE/ FOCUS
QUALITY/RELIABILITY 26
25
19
13
9. GOOD WORK/LIFE BALANCE
OPPORTUNITIES TO PROGRESS/BE LEADERS
FLEXIBILITY, REMOTE WORKING, FLEXIBLE HOURS
SENSE OF MEANING FROM MY WORK
PROFESSIONAL DEVELOPMENT TRAINING PROGRAMS
What Millennials want?
Pay is the nr. 1 driver, but there is a limit an
organization can pay.
RELATIVE DEGREE OF
IMPORTANCE
What are the other factors that come into play?
16.8
13.4
11
9.3
8.3
10. DISCUSSING NEW IDEAS/WAYS OF WORKING
DEVELOPMENT OF LEADERSHIP SKILLS
EMAILS
RECEIVING COACHING/MENTORING
What they want to do on a weekly basis?
IDEAL FOR A TYPICAL WEEK (HOURS)
ACTUAL FOR A TYPICAL WEEK (HOURS)
IDEAL VERSUS CURRENT
NUMBER OF HOURS SPENT
WEEKLY ON SPECIFIC TASKS
11. Have purpose beyond profit Corporate values
Support leadership ambitions
Encourage mentorship
Offer training programs
Encourage flexible working conditions
Enable remote work…
How can you boost loyalty?
12. MILLENNIALS WOULD LIKE
MORE OPPORTUNITIES
TO WORK REMOTELY - AND THINK
IT WILL BOOST PRODUCTIVITY
PERCENTAGE WHO SAID...
CURRENTLY OFFERED
WOULD LIKE TO START/DO MORE
POSITIVE IMPACT ON PRODUCTIVITY
43
75
51
14. RELATED CONTENT
WHAT EMPLOYEES
WANT FROM
MANAGERS
10 WAYS TO IMPROVE
INTERNAL
COMMUNICATION
7 STEP GUIDE
FOR A LEADER
TO DELIVER RESULTS
AS A TEAM
HOW A LEADER CAN CREATE
AN ENVIRONMENT FOR GROWTH
WHAT EMPLOYEES
WANT FROM MANAGERS
CAPITALIZING on human capital
7 STEP GUIDE FOR A
LEADER TO DELIVER
RESULTS AS A TEAM
ways
to improve
internal
communication
Practical tips to:
Increase employee engagement
Improve company competitiveness
Build stronger teams