Deloitte’s fourth annual Millennial Survey suggest millennials want more from business

Posted on Posted in HR Center, People Management

Millennials will be roughly 75% of the global workforce by 2030, a lot will change in terms of how we manage and interact with new age employees. Organization have to do a paradigm shift in their offering as perspective employer and keeping them motivated.

The shift is being witnessed now and we see organization spending considerable amount of time and energy in optimizing resources and using to technology to further innovate, millennial will think beyond profits, they want value add.

A recent survey by Deloitte has further highlighted the need of millennials; “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,” said Barry Salzberg, CEO of Deloitte Global. “These findings should be viewed as a wake-up call to the business community, particularly in developed markets, that they need to change the way they engage Millennial talent or risk being left behind.”

Deloitte surveyed tomorrow’s leaders, from 29 countries, on effective leadership, how business operates and impacts society. Millennials overwhelmingly believe (75 percent) businesses are focused on their own agenda rather than helping to improve society.

Findings from the survey include:

  • Millennials want to work for organizations with purpose
  • Technology, media, and telecommunications (TMT) most attractive employers
  • Confidence Gap? Millennial men more likely to pursue leadership
  • Organizations and colleges must do more to nurture emerging leaders
  • The changing characteristics of leadership

“Millennials want more from business than might have been the case 50, 20, or even 10 years ago,” said Salzberg. “They are sending a very strong signal to the world’s leaders that when doing business, they should do so with purpose. The pursuit of this different and better way of operating in the 21st century begins by redefining leadership.”

To download the full report please visit: www.deloitte.com/millennialsurvey

Deloitte 2015 Millennial Survey Infographic

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