This fast evolving generation are certainly one to watch out for within the recruitment industry. Millennials, who are usually born between 1981 and 1996, are quickly transforming into the ‘yes’ generation. According to a recent LinkedIn study, 64% of 18-24 year olds now classify themselves as having a ‘yes’ mentality – reluctant to propose an opposing opinion. This is in contrast to older workers, with only 24% of over 55s considering themselves to have a ‘yes’ attitude, the remainder feeling they’d be more inclined to stand their ground in the workplace.
Ambitious with Values
Not only do Millennials have a ‘yes’ attitude, they are also determined. According to a recent Deliotte Survey, 53% of Millennials aspire to fulfil a senior role within their current organisation.
Research carried out by Global Tolerance, stated that 62% of Millennials would prefer to work for a company that makes a positive impact, and would prefer to work harder if they knew they were making a difference to others. Additionally, the survey discovered that Millennials have less interest in large global businesses in developed markets, compared to emerging markets.
Research has indicated that 76% of Hiring Managers believe that the main focus for Millennials is money or earning potential, but this isn’t necessarily the case, as 53% of Millennials believe their main motivation is to work on interesting projects.
There has been much speculation about Millennials and their loyalty towards employers. The Forbes report stated that 91% of this generation of workers didn’t expect to remain in a job for longer than three years.
Although organisations are becoming cautious about this ambitious generation and their loyalty, there is an argument that the view is somewhat ‘chicken versus egg’, with 57% of Millennials believing that corporate loyalty is dead. According to a recent PWC study, 72% of Millennials feel that they are compromising certain aspects in order to get work, with 32% of responses taking a lower salary than they first were hoping for.
According to Deloitte’s 2015 Millennial Survey, it suggests that only 28% of Millennials believe that their skills are being used effectively within their current organisation. With debate over the quality of skills between older generation and Millennials, it is said that 70% of Millennials believe they have certain skills previous generations didn’t and almost three quarters believe they are more adaptable to change, which may not be the case with previous generations.
We hope that you have found these observations useful and please let us know your experiences with recruiting Millennials.
Enabling Change offer recruitment training, recruitment development and headhunting training courses to ensure your recruiting business is one that thrives in the new age. To find out more about our courses, contact us on 01264 360 234 today.