link.png What do Millennials really want from a workplace?← Back

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For the fourth year running, professional service firm Deloitte Touche Tohmatsu Limited has conducted its Millennial Survey, revealing what Millennials expect from a workplace. 7,800 individuals in full-time employment, all born after 1982, from 29 countries took part in the survey.
Six out of 10 Millennials choose to work for an employer for a “sense of purpose”. Employee wellbeing as well as growth and development are considered to be key traits that make a company attractive to work for. 
The survey suggests there is a divide between what a Millennial feels an organisation’s priorities should be, and what they actually are. 75% of respondents feel that businesses are orientated towards their own agenda and not towards society.  Millennials think that companies, as well as focusing on profit, should aim to improve society and create employment. Barry Salzberg, CEO of Deloitte Global commented: “The message is clear: when looking at their career goals, today’s Millennials are just as interested in how a business develops its people and how it contributes to society as they are in its products and profits.” 

Millennials look for strategic thinking (39% of respondents) and inspiration (37%) in a leader, more than anything else. A leader driven primarily by financial results only appealed to 10%. It gives an indication of how businesses are going to change their leadership strategies, if they want to recruit a younger generation.
The survey also identifies a gender gap: on average 64% of men aim to reach a senior position within their company as opposed to only 57% of women. Even though, as a general rule, women rate their skill sets (including professionalism, academic knowledge, team work) equal to or superior to men, when it comes to leadership there’s a definite gap: 27% of men feel they have strong leadership skills, as opposed to only 21% women.
The survey is a clear indication that there has been a shift in expectations with the new generation. According to Barry Salzberg “Millennials want more from business than might have been the case 50, 20, or even 10 years ago.” If businesses want to recruit and retain the best talent, they need to re-evaluate the way they operate in order to make themselves attractive to Millennials.