HRO Today June 2015 - 49

Research Insight
in employment. According to a recent survey The
Employment Well Being Study, conducted by HRO
Today with Yoh Recruitment Process Outsourcing,
Millennials feel they're the most at risk of losing a
job: 20.6 percent of 18- to 34-year-old respondents
compared to just 9.2 percent for those 35 and older
in the fourth quarter of 2014. On the flip side, this
group is the most trusting in company leadership with
59 percent of Millennials compared to 36.4 percent of
everyone else. While during the past five years, the
expectation has become that Millennials plan to stay
with one company for less than three years, can we
really say that this is the desire of Millennials and not
the fault of employers? More likely, it's a combination
of both.
* Millennials don't stay long with employers, but they
want to. They're just too ambitious. Many employers
and HR professionals may be in agreement that
Millennials are constantly on the job hunt, forever
searching for an opportunity that's newer and better,
but it's beginning to seem less likely that this is the
case. Young workers may not remain with the same
employer for a long time, but it appears that this is
not what they actually want.
The Employment Well Being Study found that
Millennials are among the most trusting of company
leadership of all age groups surveyed and also the
most confident in an upcoming promotion and pay
raise. In fact, 38 percent of Millennials expect to
work at one job for more than nine years, finds PwC's
NextGen: A Global Generational Study. These survey
results read like the feelings of a workforce that is
not only content but excited about their employment
future. So where's the disconnect?
FAST FACT:
According to The Employment Well Being Study, 59
percent of Millennials trust leadership versus only 36.4
percent of other generations.
Though their desire to remain with a company for
a significant amount of time exists, it is often the
ambition and desire to quickly grow within a company
that leads these young workers to look at other
companies for promotions. Perhaps to a fault, these
young workers so strongly crave meaning and impact
in their careers that they're willing to quickly look
elsewhere to find it, even if it means leaving a fairly
satisfying job in the process. Millennials are more
willing to take more risks to find that meaning.
This group also desires transparency and visibility
about career paths and promotions, and companies
FAST FACT:
According to The Employment Well Being Study,
42.9 percent of Millennials feel confident in a raise
compared to only 22.9 percent of older workers.
owe it to not only Millennials, but all individuals to
be clear with them about what it will take to advance
their career.
* Millennials want opportunities for lateral movement
and diversity with the promise of meaningful,
substantive work. Unlike previous generations who
graduated, found a job that paid them a decent salary,
and kept it for as long as they could, Millennials aren't
nearly as much " in it for the money " as they are " in it
for the meaning. "
While the survey found they feel the most confident
in an upcoming promotion than any other age group
(40.3 percent of fourth quarter Millennial respondents
versus just 12 percent for all other ages) and in an
upcoming raise (42.9 percent of Millennials and 22.9
percent of older workers), more and more Millennials
are looking instead for substance in the work they do
rather than getting paid top dollar for work that isn't
as rewarding.
JUNE 2015 | www.hrotoday.com
[49]
http://www.hrotoday.com

HRO Today June 2015

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