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20 Statistics About Millennials in the Workplace

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Attracting and retaining millennials is tough. Here are 20 statistics about millennials in the workplace that everyone needs to know.

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Published in: Leadership & Management

20 Statistics About Millennials in the Workplace

  1. 1. STATISTICS ABOUT 20 MILLENNIALS IN THE WORKPLACE
  2. 2. of Millennials surveyed think being an entrepreneur means having a certain mindset rather than starting a company. 90% 1
  3. 3. either want to start a business or already have started one. 54% 2
  4. 4. of freelancers are still enrolled at a university.21% 3
  5. 5. GET THE GUIDE ATTRACT & RETAIN Download this free guide 
 to learn how: MILLENNIALS
  6. 6. 3 out of every 4 workers globally will be Millennials. By 2025 4
  7. 7. Currently there are Millennials in the workplace. 40 Million 5
  8. 8. of Millennials would prefer to choose when and where they work rather than being placed in a 9-to-5 position. 89% 6
  9. 9. of Millennials will choose workplace flexibility over pay. 45% 7
  10. 10. of Millennials won’t accept jobs from companies that ban social media. 56% 8
  11. 11. Average tenure for Millennials is 2 Years(compared to 5 years for Gen X and 7 years for Baby Boomers.) 9
  12. 12. It costs an average of $ 24,000 to replace each Millennial employee. 10
  13. 13. GET THE GUIDE ATTRACT & RETAIN Download this free guide 
 to learn how: MILLENNIALS
  14. 14. of U.S. executives will be eligible to retire in the next 5 years. 63.3 % (If that stat is half right, that still leaves a large leadership gap that will have to be filled by Millennials. Will they be ready?) 11
  15. 15. of Millennial workers took on management roles, vs 38% of GenX and just 19% of Boomers. 87% In the last 5 years: 12
  16. 16. of Millennials admit to bringing their own apps
 —even against corporate policy—in order to work. 70% 13 BREATH 12h15 12h45 13h15 14h45
  17. 17. of Millennials say they would choose to work for a video-enabled organization over a company that has not invested in video. 87% 14
  18. 18. of Millennials say working with creatively-minded colleagues was important to them. 31% 15
  19. 19. 16 of Millennials would choose social media freedom & device flexibility over a higher salary. 33%
  20. 20. 17 of Millennials say making a difference in the world is more important than professional recognition. 84%
  21. 21. GET THE GUIDE ATTRACT & RETAIN Download this free guide 
 to learn how: MILLENNIALS
  22. 22. of Millennials said it was important for them to attend frequent face-to-face meetings, 10% more than Gen X candidates. 77% 18
  23. 23. of Millennials are already in management positions.15% 19
  24. 24. of Millennials believe businesses should be measured by more than their profits. 92% 20
  25. 25. Curious about the first step to take to be a better leader?
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