Shocker: Millennials Want To Switch Jobs and Work From Home
Deloitte recently published its 2016 Deloitte Millennial Survey, in which it interviewed almost 8,000 millennials from 29 countries to find out how they feel about their employers, the workforce and the economy. The results read like a laundry list of millennial critiques: They want to job hop. They care more about employee relations than profits. They want to work from home. Hardly shocking.
Let’s take a look at some of the notable findings.
66 percent expect to leave their current job by 2020.
This one bats leadoff in Deloitte’s report. Researchers asked the participants if they would expect to leave their current job, and within how long, ranging from less than six months all the way to those who plan on staying forever. The most common response (from 22 percent of respondents) was that they expect to leave their current employer within two to five years. The next highest was one to two years, which got 19 percent. In the United States, 64 percent expect to leave in the next five years. Perhaps most shocking — 11 percent expect to stay at their current job until they retire.
87 percent believe “the success of a business should be measured in terms of more than just financial performance.”
Millennials seem to be pretty idealistic in this regard. Almost half (49 percent) in junior positions and 64 percent in senior positions say their personal values and morals are very influential when making decisions at work. The influence of the impact on clients and customers had similar response rates. Additionally, 49 percent have refused a task at work because it went against their values.
26 percent believe that employee satisfaction supports long-term business success the best.
This is one aspect of the study when the responses definitely leave millennials vulnerable to the familiar critique of a coddled and self-centered generation. The 26 percent was the highest of any response and was followed by ethics at 25 percent and customer focus at 19 percent.
22 percent say salary drives where they’ll choose to work.
This is the highest of any factor. The second highest was a good work/life balance, with 16.8 percent. The third was the opportunity to be a leader within the company. So as idealistic as they are, the wise words of the Wu-Tang Clan can apply here, with a twist—C.R.E.A.M.: Cash Rules Everything Around Millennials.
75 percent would like to work from home more, and 51 percent believe that it would have a positive impact on productivity.
This one is pretty self-explanatory. One woman participant from Mexico sums up the generation’s thoughts on the topic: “Ensuring employees feel comfortable—that is a successful company; where people are free to perform their tasks and duties regardless of time and space.”
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