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What's Motivating Millennial Employees?

Millennials in the work force are expected to make up 75% of the global work force in 10 years, according to the Business and Professional Women’s Foundation. So reports CNBC.

That’s likely why consulting giant Deloitte Global has been conducting a survey of Millennial employees in 29 countries for the past four years. Among this year’s just-released findings:

  • A sizable majority of respondents want to work for an organization that offers a “larger purpose,” though three-quarters of them are skeptical about their employers being committed to serving the greater good.
  • Young men appear at this point to be more ambitious in terms of leadership positions than their female counterparts. They also appear to be more confident regarding their leadership abilities (59% to 47%). The gender gap is not unique to Millennials, and a 2012 study by the Pew Research Center finds the traditional gender pay gap, at least, is starting to narrow among younger professionals.
  • Technology, media and telecommunications were overwhelmingly favored as industries of choice (especially by males), with just 8% naming banking and financial services. Perhaps most surprisingly, nearly a third of respondents feel their current employers are not making optimal use of their skill sets.

Hiring managers would do well to pay attention to these findings, and get out in front of them.

Read the full article from CNBC

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