Millennials are creating a groundswell change in what people want to get out of work. No longer is it ok to work just to make ends meet. Millennials opinions of business’ motivation and ethics are at an all-time low. In fact, they’re at the lowest level they’ve been in four years.
Millennials want to connect with a business’ purpose and feel part of an organisation that is making a positive impact in the world. They’re not keen on those who are only in it for the money and at the whims of shareholder expectations.
67% of Australian millennials rate culture and having a positive work environment as the top consideration when choosing a new employer (compared to 52% globally). This is followed by having financial benefits, with flexibility being ranked closely behind.
Since Millennials make up around half of the Australian workforce, we expect to see businesses start to take note of the changing needs and priorities of their younger employees. They’ll need to provide them with meaningful work and greater flexibility. Otherwise, if businesses don’t adapt, they’ll struggle to be competitive and will find it increasingly difficult to attract and retain the best talent of our future.
Source: Deloitte Millennial Survey 2018