The Millennial generation has proven itself to be a game-changer in more ways than one. Their love of tech and their tendency to go against the grain have affected everything from banking to shopping to the housing industry.
Millennials are also making their influence felt in the workplace. The result is that a new professional landscape is evolving – to the benefit of companies and employees alike. Here's how Millennial workers are distinguishing themselves as a generation apart – and revamping company cultures in the process.
Millennials rely on tech to get things done
Technology is totally routine to Millennials, as evidenced by the fact that 98 % of 18 to 24-year-olds and 97% of 25 to 34-year-olds own a smartphone. And when it comes to using tech on the job, there's a noticeable difference in the habits of Millennials versus older workers.
According to research from Gartner, Millennials are more likely to:
- Use apps or web services to perform tasks, even if they're not work-sanctioned
- Seek out online support for unapproved technology
- Use social media at least once a day
- Use digital storage and sharing tools at least once a week
- Say they have the latest and greatest in tech devices
Millennial workers are also twice as likely as older workers to feel highly productive when using tech tools to work in public. That attitude is having an effect on the way companies attract young talent. According to a CIO QuickPulse study, for example, 48% of IT and business professionals say cloud adoption is a part of their strategy to recruit Millennial employees.
They want more flexibility in where they work
When it comes to their work environment, Millennials aren't necessarily content with sitting in a cubicle or staring out an office window all day. Instead, they're increasingly leaning toward jobs that offer flexibility, including options like working remotely or traveling.
For instance, 85% of Millennials say they want to telecommute 100 percent of the time, according to a 2016 FlexJobs survey. 54% say they'd prefer to work a flexible or alternative schedule, while 50% would like to telecommute on a part-time basis. Companies are paying attention, and as of 2016, 43% of employees are working remotely, compared to 39% in 2012. That's a sign that companies are willing to adapt to fit the needs of Millennial employees while saving money on office space.
Millennials want more than just a paycheck
Earning a generous salary is great, but Millennials also want to do work that matters. For most, that is a top priority. According to research from Deloitte, two out of three Millennials choose jobs based on the organization's purpose. A study from PwC found that 56% of Millennials would be willing to leave their current position if their employer's values no longer met their expectations.
The bottom line? Millennials want to do work that makes an impact, and employers are increasingly taking notice. In fine-tuning their values, companies are creating cultures that challenge the status quo. That, in turn, may prove beneficial for employees across every generation.
*All content provided in this blog is supplied by Rebecca Lake and is for informational purposes only. Barclaycard makes no representations as to the accuracy or completeness of any information contained in the blog or found by following any link within this blog.
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