A new Bentley University study both subverts and confirms popularly (or unpopularly) held perceptions of Millennials regarding work and career.
How do Millennials view work? Don’t be quick to answer.
There are conflicting perceptions of this multi-tagged generation, ages 18 to 34. Some view Millennials as coddled and entitled. Others more generously view them as progressive, innovative and optimistic.
But the fact remains that by 2025 Millennials will make up almost three-fourths of the global workforce. By the end of this year, one of every three employees in the U.S. will be a MIllennials? How prepared are they to achieve success in the workplace?
A new Bentley University study both subverts and confirms popularly (or unpopularly) held perceptions of Millennials regarding work and career:
- A majority (51 percent) of Millennials, raised on the Internet and mobile devices and seemingly never without them, would rather communicate with a colleague face to face.
- Nearly eight-in-ten Millennial respondents aren’t in to that whole 9-5 thing and believe that flexible hours would increase their productivity. The same percentage expects a pay raise every year and values salary increase over a promotion.
- BUT, Millennials may not be the slacker, opportunistic job-hoppers they are often portrayed as. Eighty percent believe they will work for no more than four companies in their career with an expected tenure in their current job between 3-5 years (16 percent seem themselves staying in their current job for their entire career) Half believe that the reason some of their cohorts are unprepared for their first job is a poor worth ethic.
- MIllennials, too, are not just living for today. Nearly all (96 percent) said healthcare benefits would be the tipping point in making their decision between two otherwise equal job opportunities.
- BUT: Millennials diverge from previous generations in their career success mindset. Rather than striving for the corner office or CEO spot, two-thirds of Millennial respondents would like to start their own business, while 37 percent want to work on their own.
“It is critical for leaders in higher education and business to work together in creating an environment where Millennials can thrive and ultimately succeed,” the Bentley University report concludes. “This is a group that really believes in community and really wants to make a difference.”
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.