Canadian Retailer - The Human Resources Issue - 7

THE MILLENNIAL EMPLOYEE
The value of Millennials as consumers has been well documented over recent years. But what will their
collective impact be on the Canadian and global workforce?
90% of Millennials surveyed
think being an entrepreneur
means having a certain mindset
rather than starting a company.
Source: Odesk
54% either want to start a business
or already have started one.
Source: Kauffman Foundation
By 2025, 3 out of every 4 workers
globally will be Millennials.
Source: Time

45% of Millennials will choose
workplace flexibility over pay.
Source: Millennial Branding
89% of Millennials would prefer
to choose when and where
they work rather than being
placed in a 9-to-5 position.
Source: Odesk
56% of Millennials won't accept
jobs from companies that ban
social media.
Source: Cisco

$24,000 - The average cost to replace each Millennial employee.
Source: Microsoft/Experience Inc.

2 years - The average
tenure for Millennials
(compared to 5 years
for Gen X and 7 years
for Baby Boomers).
Source: Pay Scale/
Millennial Branding
In the last 5 years
in the U.S., 87% of
Millennial workers
took on management
roles, vs 38% of
GenX and just 19% of
Boomers.
Source: EY

BEING FLEXIBLE
For employees, a flexible work schedule is associated with a higher level of satisfaction, according to the
most recent StatsCan General Societal Survey, released in 2012.
Employees with
a flexible work
schedule.

79%

Parents who considered
the possibility of taking Mothers if given the
advantage of a flexible opportunity to take
extended leave for
work schedule.
personal reasons.

80%

74%

Women who performed
part of their paid work
at home.

78%

PERCENTAGE SATISFIED OR VERY SATISFIED WITH WORK-LIFE BALANCE

CALENDAR
2017 RCC Retail Marketing Conference

Tuesday, April 4, 2017
International Centre, Mississauga, ON

2017 RCC Human Resources Conference 2017

Wednesday, April 19, 2017
International Centre, Mississauga, ON
STORE 2017

Tuesday, May 30 - Wednesday, May 31, 2017
Toronto Congress Centre, Toronto, ON

Other measures associated
with greater satisfaction
with work-life balance
include the possibility of
taking leave without pay:
1 To care for children
2 To provide care to a
spouse, partner or
other family member
3 For personal reasons

MAN V MACHINE
Twenty years ago, there were fewer
than 700,000 industrial robots
worldwide; today, there are 1.8
million, and the number could soar to
2.6 million by 2019. A recent PwC
global survey of CEOs suggests that
this is becoming a workforce concern
and plan to combat the challenge by
hiring more people.

Excellence in Retailing Awards

Tuesday, May 30, 2017
Toronto Congress Centre, Toronto, ON
Canadian Grand Prix New Product Awards Gala

Wednesday, May 31, 2017
Toronto Congress Centre, Toronto, ON

For more information concerning RCC and other
industry events, visit www.retailcouncil.org/events.

79% of CEOs believe technology will cause job
losses over the next five years.
16% plan to cut their company's headcount over
the next 12 months-and a quarter of them say
it's primarily because of technology.
52% plan to hire more employees.
77% of CEOs worry that skills shortages could
impair their company's growth.

THE HUMAN RESOURCES ISSUE

| CANADIAN RETAILER | 7

http://www.retailcouncil.org/events

Table of Contents for the Digital Edition of Canadian Retailer - The Human Resources Issue