Millennials, a generation of workers that is often subject to criticism for being difficult to please, are among their employers’ most enthusiastic supporters. Seventy-three percent of Millennials would recommend their organizations to others as good places to work, compared to 70 percent of the overall workforce, according to an analysis of employee engagement surveys from 350 companies and 6.8 million workers by the Hay Group division of Korn Ferry.
Millennials are more positive about advancement opportunities (54 percent favorable versus 46 percent of the overall workforce), and are more likely to feel that their immediate managers support their development (71 percent favorable versus 63 percent of the overall workforce). Millennials are also more likely to report that the feedback they receive during the year helps them improve (67 percent favorable versus 63 percent of the overall workforce), and that good performance is adequately recognized (67 percent favorable versus 63 percent of the overall workforce).
“By 2025, estimates are that Millennials will make up 75 percent of the workforce, and as such they are a true force,” said Mark Royal, senior principal, Korn Ferry Hay Group. “They are a highly educated and a technically savvy generation, and employers should take care in helping develop them into the next generation of leaders.”
Indeed, the analysis showed that Millennials are anxious to test their capabilities in the workplace and be rewarded for their efforts. They are somewhat less likely to indicate that their current jobs make good use of their skills and abilities (71 percent favorable versus 74 percent of the overall workforce), or that they are paid fairly for the work they do (47 percent favorable versus 50 percent of the overall workforce).
“With today’s low unemployment rates, it’s important to offer challenges and stretch assignments to all employees to ensure they are prepared to contribute to the company’s future success,” said Royal.