How Satisfied Are They at Work?
What percent of Millennials report being either not engaged or actively disengaged?
Answer: According to PwC (Millennials at Work), 71%. Employee engagement is defined as the emotional commitment the employee has to the organization and its goals.
Which benefit do Millennials say they value most from employers?
Answer: Training & Development was the top choice, ranked first by 22% of respondents. Flexible working hours and cash bonuses were the next most popular choices. (PwC)
What percent of Millennials expect to stay in a job for less than 3 years?
Answer: 91%. According to Forbes Magazine, only 9% of Millennials expect to stay with a company for more than 3 years. With the average cost of replacing a Millennial employee estimated to be $15-20,000, this is a very costly statistic for businesses.
What percent of Millennials are “very satisfied” with the professional development opportunities at work?
Answer: 24%. This figure is higher for employees whose values are aligned with their organization, for employees who intend to remain for 5+ years, and for organizations in which there is a high level of cross-team collaboration. (Deloitte 2016 Millennial Survey)
What is the most preferred form of learning for Millennials?
Answer: All of the above. While data sources vary depending on the best type of learning for Millennials, one trend is clear: much more learning is taking place in small chunks at the point of need.