Millennials in the workplace: Summary

Summary:

Background:

This is a summary of a report about Millennials (those born between the 1980s and 1990s) in the workplace who make a huge part of our workforce but they seem to lack loyalty to the companies. Multinational companies notice large rates of employees leaving work thus trying to keep them fails. This report addresses how organisations can look for ways to improve employee engagement and retention.  

Research:  

  PricewaterhouseCooper conducted a survey that resulted in 40,000 millennials and non-millennials responses on the topic of the workplace. In another survey conducted by Deloitte, 10,000 millennials took part in studies about their interpretations of hardships and opportunities at workplaces.

Key findings:

• Millennials are more committed at work than their seniors. This is because millennials value interest and a good work-life over excessive work in their lives. 
• Millennials believe that productivity should be valued more than hours spent at work. 
•  Millennials want to be treated equally with respect and to be given more opportunities within the workplace. 
• Millennials believe that businesses should look to improve society that way workers will be loyal toward companies with strong ethics.   

Recommendations:

Things organisations should consider for retaining improvements:

• Adjusting their workload to their satisfaction levels and work-life balance, Allowing employees to choose their working hours and location of choice, and provide interesting work opportunities.
•   Offer help and focus on improving society over profit-making.