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Millennials in the Workplace - Results from the 2017 Survey

Results from the Deloitte Survey for 2017 show a change in Millennial’s attitudes amongst increased global instability.

Standout Findings for the Millennial Survey

Politics and economic outlook are key areas of concern

Economic and political concerns have increased over the past few years. Interestingly, the current survey shows that these areas are of greater concern in developed countries (such as America) than in developing countries (such as South Africa). This trend may be influenced by recent events in Europe and America, including Brexit.

Graph showing that South African Millennials are optimistic about their future

There Seems to be a Growing Need for Stability

Whereas Millennials have previously been stereotyped as career-hopping, 2017 findings show that many participants are concerned about their future and are looking for stability. In 2016, 44% of respondents planned to leave their job within the next two years – this figure has dropped to 38% in the 2017 survey.

Study showing what % of Millennials expect to leave there job over the next year

Full Time Employment with Flexible Work Schedules

Current findings show that Generation Y employees prefer full time, guaranteed work, as opposed to freelancing, consulting or contract assignments. 70% of participants in developed markets prefer to work full time, compared to 61% of respondents in developing countries.

Despite the desire for both stable work and a stable income, there is still an overwhelming demand for flexibility in the workplace. This has become a standout motivator for Millennials, especially as a way to increase engagement and decrease turnover. Globally, 39% of respondents feel their workplace is highly flexible, while the remaining 61% feel their organisation offers some flexibility or none at all.

Graph showing What % of employers have a flexible working arrangement in South Africa

The Rise of Generation Z

As Generation Z start to enter the workplace, it falls to Millennials to move into management positions and begin to lead this new group. Globally, 61% of respondents feel positive about Generation Z entering the workforce, although they also feel that Gen Z may need more career guidance than Generation X. This percentage is highest in India (91% positivity) and lowest in South Korea (34% positivity). When asked what advice they would share with their younger colleagues, the following key points were mentioned:

  • Work hard

  • Be patient and do not expect success overnight

  • Be change-ready, flexible and learning agile

Perception of how the gen Z age group will impact the future in South Africa

South Africa vs the World

In South Africa, the primary concerns expressed by Millennials were crime (46%), unemployment (45%) and corruption (30%). However, South Africans were more hopeful about the political/social situation improving than their global counterparts.

South African Millennials survey on what will impact their future

About the Millennials Survey

The Deloitte Millennial Survey is an ongoing research project that is updated each year and that assesses Millennials in the workplace, and their changing attitudes, motivators, behaviour and skills. The 2017 survey assessed close to 8,000 individuals in 30 countries, all of whom were born after 1982 and who are employed full time. View the full research findings here.

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Lumenii Talent Partners

Lumenii's team of expert psychologists regularly collaborate to share their ideas and knowledge. The latest case studies, thought leadership, and research.

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