A large influx of millennials are continuously entering the workforce. Many of which are ambitious for success and eager to venture into new career opportunities. What inspires millennials in the job market? Does Generation Y have different career expectations than baby boomers or previous generations?
These young professionals in their 20’s and 30’s are finding creative ways of increasing profit, productivity, and yielding optimal results with limited resources and time. Many employers are cognitive of these positive contributions shifting to a more flexible and accommodating work cultures. With the growing population of millennials in the job market it’s crucial for leaders to understand what inspires potential employees.
WHAT ARE MILLENNIALS SEEKING IN THE JOB MARKET?
An incentive for many young professionals is flexibility and job culture. According to a study conducted by PWC, 59% of millennials search for employers whose social responsibilities values align with his or her own, and over 30% anticipate flexible work hours. When asked what makes an organization attractive, 52% millennials responded opportunities for career growth.
DOES GENERATION Y DIFFER IN JOB VALUES FROM PREVIOUS GENERATIONS?
With advances in technology and high demands for quick turnaround, it’s no surprise young professionals often seek career flexibility over predictability and longevity. Many employers are cognitive of the benefits in moving away from traditional work modalities to more flexible options that attract new hires. Surprisingly, only 8% of millennials valued diversity and equal work opportunities. Also, employer reputation is not as prized as once was in previous generations.
DOES SALARY MOTIVATE YOUNG PROFESSIONALS?
Millennials value career fulfillment over higher pay. PWC documents 32% of millennials were willing to accept lower salaries, while only 14% were take positions outside their job roles. Although pay is an incentive in attracting millennials, job fulfilment and flexibility are taking lead.
For more stats on millennials and the workforce visit PWC.