Mind The Gaps The 2015 Deloitte Millennial Surveyaditya848
Deloitte's 2015 press release discusses findings from the Millennial survey, including how businesses, particularly in developed markets, will need to change to attract and retain the future workforce.
Gen Y cannot be generalized as a homogeneous stratum across globe, as the influencing factors in each country and culture differs hugely. This report tries to bring the key differentiating factors of Indian Millennial
In the fifth annual Millennial Survey, Deloitte uncovers what tomorrow’s leaders think of business today. With two-thirds of Millennials expressing a desire to leave their organization by 2020, businesses must adjust how they nurture loyalty among these young leaders. http://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey.html
Attracting and retaining the next generation of talentJennifer Falzon
It is clear that the dynamics and demographics of the Canadian workforce are changing. Currently, more than 50 per cent of the Canadian workforce is comprised of Millennials, those roughly born between 1980 and 2000. This is a staggering and important change for all industries in Canada.
The report aims to provide organizations with new approaches and opportunities to attract, engage and most importantly, retain these workplace game-changers. With high levels of student debt and a youth unemployment rate twice the national average, the next two generations of talent have new needs, expectations and are hungry for experience.
Learn how your organization can build a desirable employer brand by connecting and investing in students, foster talent despite the risk of mobility and create a nurturing environment for the next two generations of employees. There will be a direct correlation between the success and growth of your organization and its ability to attract and engage Gen Y & Z.
yconic owns and operates the largest youth market research panel in Canada. Over 550,000 youth between the ages of 13 and 30 have opted in to participate in our consumer surveys. We help our partners gain key insights into the youth demographic, leading to better marketing and product decisions for the teen and young adult market. For more information, visit we.are.yconic.com.
Data was collected from groups of Generation Y employees of corporate institutions, freelancers, entrepreneurs, small business workers as well as students between the ages of 16-30. Participants in the research were asked to provide basic biographical data† and then answer a series of 15 questions which pertained to their beliefs and opinions about current and past experiences and habits. These were based around Political, Economic, Social and Technological topics.
Have questions? Tweet @calomas
Identifying Millennials’ Attitudes and BehaviorsGen Re
Millennials are all around you, and they’re important to your business. However, it’s clear that this group - which numbers 2.5 billion globally - possesses specific attitudes and behaviors that call for a fresh approach to marketing financial services, especially when it comes to insurance products.
Read more from our series "Millennials in Insurance" at: www.genre.com/millennials
Mind The Gaps The 2015 Deloitte Millennial Surveyaditya848
Deloitte's 2015 press release discusses findings from the Millennial survey, including how businesses, particularly in developed markets, will need to change to attract and retain the future workforce.
Gen Y cannot be generalized as a homogeneous stratum across globe, as the influencing factors in each country and culture differs hugely. This report tries to bring the key differentiating factors of Indian Millennial
In the fifth annual Millennial Survey, Deloitte uncovers what tomorrow’s leaders think of business today. With two-thirds of Millennials expressing a desire to leave their organization by 2020, businesses must adjust how they nurture loyalty among these young leaders. http://www2.deloitte.com/global/en/pages/about-deloitte/articles/millennialsurvey.html
Attracting and retaining the next generation of talentJennifer Falzon
It is clear that the dynamics and demographics of the Canadian workforce are changing. Currently, more than 50 per cent of the Canadian workforce is comprised of Millennials, those roughly born between 1980 and 2000. This is a staggering and important change for all industries in Canada.
The report aims to provide organizations with new approaches and opportunities to attract, engage and most importantly, retain these workplace game-changers. With high levels of student debt and a youth unemployment rate twice the national average, the next two generations of talent have new needs, expectations and are hungry for experience.
Learn how your organization can build a desirable employer brand by connecting and investing in students, foster talent despite the risk of mobility and create a nurturing environment for the next two generations of employees. There will be a direct correlation between the success and growth of your organization and its ability to attract and engage Gen Y & Z.
yconic owns and operates the largest youth market research panel in Canada. Over 550,000 youth between the ages of 13 and 30 have opted in to participate in our consumer surveys. We help our partners gain key insights into the youth demographic, leading to better marketing and product decisions for the teen and young adult market. For more information, visit we.are.yconic.com.
Data was collected from groups of Generation Y employees of corporate institutions, freelancers, entrepreneurs, small business workers as well as students between the ages of 16-30. Participants in the research were asked to provide basic biographical data† and then answer a series of 15 questions which pertained to their beliefs and opinions about current and past experiences and habits. These were based around Political, Economic, Social and Technological topics.
Have questions? Tweet @calomas
Identifying Millennials’ Attitudes and BehaviorsGen Re
Millennials are all around you, and they’re important to your business. However, it’s clear that this group - which numbers 2.5 billion globally - possesses specific attitudes and behaviors that call for a fresh approach to marketing financial services, especially when it comes to insurance products.
Read more from our series "Millennials in Insurance" at: www.genre.com/millennials
2016 Edelman TRUST BAROMETER - Leadership in a Divided WorldEdelman
A world of divided trust and dispersed authority presents a leadership opening. Yet, as the data indicates, it is not business leadership as usual that will resonate. As the 2016 findings show, leadership for a divided world must recognize the importance of action, values, engagement and employee advocacy.
Read the full global results at www.edelman.com/trust2016
The Deloitte Global Millennial Survey 2019 talked about how societal discord and technological transformation created a generation disruption. See More : https://www2.deloitte.com/in/en.html
For the first time in the 16 years of our TRUST BAROMETER research, we examined the state of trust between employers and employees and today are issuing the 2016 Edelman Trust Barometer Special Report on Employee Advocacy.
Prawie połowa osób zasiadających w Polsce na kierowniczych stanowiskach to kobiety – wynika z badania „Women in Business 2017” prowadzonego przez Grant Thornton. Polska jest pod tym względem w światowej czołówce
Millennials and the Future of Work: Survey ResultsElance-oDesk
Workers want freedom, and this desire is driving them towards independent (and often entrepreneurial) career paths. Following a prior study on disruption of work from the perspective of businesses, this survey examines the future of work as envisioned by professionals. Results found that many are planning their escape from corporate jobs — 72% of freelancers still at “regular” jobs want to quit entirely, and 61% say they are likely to quit within two years.
Millennials in particular are pursuing independent careers that foster faster progression than traditional hierarchical organizations. Of almost 2,000 Millennial respondents, 58% classified themselves as entrepreneurs. These responses (from more than 3,000 freelancers worldwide who have worked online) quantify the mindset of freelancers today, providing a glimpse into the professional landscape of tomorrow.
Hays ondersteunt de promotie van vrouwen op de werkvloer. Veel bedrijven hebben een tekort aan vaardigheden in huis en het vergroten van het aantal vrouwelijke professionals kan helpen om dit probleem aan te pakken. Het verbeteren van toegang tot talent, stelt organisaties beter in staat om prestaties te vergroten, te groeien en toekomstig succes veilig te stellen.
Generation Y is taking over the workplace and it’s sooner than you think. By 2025, they will comprise 75% of the workforce.
Due to demographic shifts, including more experienced Baby Boomer workers retiring, it is essential to engage Generation Y now so they are able to fulfill expected talent shortages in the near future. Developing a strong leadership pipeline and expertise are key to business continuity.
Unfortunately, many organizations are not prepared to attract, engage, and retain Generation Y employees because they continue to use management practices that are off target. Neglecting to engage Generation Y will result in talent shortages, turnover expenses, and a damaged reputation.
Generation Y had a different upbringing than the Baby Boomers and Generation X; however, much of what they demand in the workplace will engage the entire workforce, not just their demographic. Engaging Generation Y is as much about modernizing your workplace as it is about creating an environment to capture the best new talent; the ROI is far-reaching.
Learn more about the trends that are shaping the future of work and how embracing technology and the social web can help organizations to capture the millennial workforce and enhance organizational performance.
By David F. Larcker, Nicholas E. Donatiello, Brian Tayan
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance at Stanford University, February 2017
In summer 2016, the Rock Center for Corporate Governance at Stanford University conducted a nationwide survey of 1,554 individuals to understand how the American public views CEOs who engage in potentially unethical behavior, and the public’s determination of “fair punishment” for these actions.
The study reveals that almost half of Americans believe CEOs should be fired (or worse) for unethical behavior. Violations of trust between company and customer are considered the most egregious. And, the public is surprisingly critical of CEOs who engage in “immoral” personal actions. Key takeaways include:
Almost half of Americans believe CEOs should be fired (or worse) for unethical behavior.
Violations of trust between company and customer are considered most egregious.
The public is surprisingly critical of CEOs who engage in “immoral” personal actions.
“We find that the public is highly critical of—and very willing to fire—CEOs who engage in behaviors that are morally or ethically questionable, even if these actions are not illegal and in some cases even if they cause no obvious harm to shareholders, employees, or the public,” says Professor David F. Larcker, Stanford Graduate School of Business. “This reflects, in part, the public’s lingering distrust of large corporations and CEOs in general.”
KEY FINDINGS INCLUDE THE FOLLOWING:
1. MEMBERS OF THE PUBLIC ARE EXTREMELY CRITICAL OF CEOS WHO ENGAGE IN QUESTIONABLE BEHAVIOR.
2. THE PUBLIC BELIEVES A VIOLATION OF TRUST BETWEEN A COMPANY AND ITS CUSTOMERS IS THE MOST EGREGIOUS ETHICAL VIOLATION A CEO CAN MAKE.
3. BOARDS OF DIRECTORS ARE STRICTER THAN THE PUBLIC IN ADMINISTERING PUNISHMENT.
4. AMERICANS ARE SURPRISINGLY CRITICAL OF POTENTIALLY IMMORAL BEHAVIOR.
5. MALE AND FEMALE CEOS ARE HEL
Hays Global Gender Diversity Report 2016Hays Portugal
De acordo com um inquérito realizado pela Hays junto de mais de 11.500 inquiridos em 24 países, por ocasião do Dia Internacional da Mulher, homens e mulheres têm percepções muito diferentes quanto à desigualdade entre géneros a nível profissional.
O relatório analisa as respostas dos inquiridos em factores como ambição, auto-promoção, igualdade salarial, oportunidades de carreira e políticas de diversidade de género nas empresas.
Deloitte India : 2019 Deloitte Global Human Capital Trendsaakash malhotra
Deloitte’s Human Capital professionals leverage research, analytics, and industry insights to help design and execute the HR, talent, leadership and change programs that enable business performance through people performance. See More : https://www2.deloitte.com/in/en.html
A majority of executives believe gender diversity in leadership links to better financial
performance, but companies take few actions to support women in the workforce.
The goal of the CEO & Gender Media Audit was to understand the media coverage of CEOs in various situations and determine if there are differences in the way male and female CEOs are covered.
Generational Dynamics in Service Management - Tips for Working Together; ITSM...ITSM Academy, Inc.
If you’re like most companies, you likely have 3-5 Generations on your teams. Enjoy humor and hear tips on how to attract and integrate the Millennials & Boomlets into your Service Management Teams and explore what the rapid ‘Aging of America’ means to your company and what you should be doing to prepare … so you’re not caught short by the wealth of tribal knowledge exiting in mass! Learn things like how to help them communicate and produce results with one another without driving each other crazy! And which generational pairings work most effectively together. Have some fun as we explore creative ways to get things accomplished effectively for your customers … across the Generations.
Etude Strategy& "Chief Executive Study" sur les femmes dirigeantes (2014)PwC France
http://pwc.to/1laNcy5
Au cours des dix dernières années, la part des femmes devenues dirigeantes d’entreprises a été supérieure de 75% à celles ayant quitté leurs fonctions. Ce solde, largement positif, est emblématique d’une tendance de fond qui s’est accélérée au cours des 5 dernières années. Telle est la principale conclusion de l’édition 2014 du « Chief Executive Study : women CEOs of the last 10 years » publiée par le cabinet Strategy&. Chaque année depuis 14 ans, le « Chief Executive Study » analyse le turnover des dirigeants d’entreprises. Cette année, l’étude s’est plus particulièrement intéressée aux femmes dirigeantes d’entreprises et à l’évolution de leurs parcours depuis 10 ans.
ThinkNow Entrepreneurship Report – Women’s Point of ViewThinkNow
Women’s entrepreneurship is thriving in America. According to the 2018 State of Women-Owned Business report commissioned by American Express, 1,821 women-owned businesses were launched per day over the last year, bringing the total number of women-owned firms to 12.3 million, employing over 9 million people and accounting for $1.8 trillion in revenue.
So, in these last few days of October, as we wind down the celebration of National Women’s Small Business Month, we are still reminded of the tremendous contributions women business owners have made to the global economy, but also charged with challenging the antiquated mindsets and inadequate policies that still plague our cause.
Surge in female-owned firms:
Despite those challenges, the entrepreneurial spirit among women, especially women of color, is magical, sparking growth across all industries. Between 2007 and 2018, the number of businesses owned by women of color grew at 3x the national average of all women-owned firms, driven primarily by Hispanic and African-American women. As of 2018, women of color accounted for 47% of all women-owned businesses.
So, it’s not surprising that significantly more Hispanics and African-American women believe that owning a business is a strong indicator of success. According to the 2018 ThinkNow Entrepreneurship™ Report, 47% of Hispanic women and 52% of African-American women agree with this sentiment compared to White and Asian women.
While half of women-owned businesses are concentrated into three industries – other services, healthcare/social assistance, and professional/scientific/tech services – the restaurant/food and beverage industry are among the top choices for women to start businesses, according to ThinkNow.
A ManpowerGroup whitepaper on female leadership. Making the case for more women leaders in businesses today. Find out how to get them and keep them in your organisation.
2016 Edelman TRUST BAROMETER - Leadership in a Divided WorldEdelman
A world of divided trust and dispersed authority presents a leadership opening. Yet, as the data indicates, it is not business leadership as usual that will resonate. As the 2016 findings show, leadership for a divided world must recognize the importance of action, values, engagement and employee advocacy.
Read the full global results at www.edelman.com/trust2016
The Deloitte Global Millennial Survey 2019 talked about how societal discord and technological transformation created a generation disruption. See More : https://www2.deloitte.com/in/en.html
For the first time in the 16 years of our TRUST BAROMETER research, we examined the state of trust between employers and employees and today are issuing the 2016 Edelman Trust Barometer Special Report on Employee Advocacy.
Prawie połowa osób zasiadających w Polsce na kierowniczych stanowiskach to kobiety – wynika z badania „Women in Business 2017” prowadzonego przez Grant Thornton. Polska jest pod tym względem w światowej czołówce
Millennials and the Future of Work: Survey ResultsElance-oDesk
Workers want freedom, and this desire is driving them towards independent (and often entrepreneurial) career paths. Following a prior study on disruption of work from the perspective of businesses, this survey examines the future of work as envisioned by professionals. Results found that many are planning their escape from corporate jobs — 72% of freelancers still at “regular” jobs want to quit entirely, and 61% say they are likely to quit within two years.
Millennials in particular are pursuing independent careers that foster faster progression than traditional hierarchical organizations. Of almost 2,000 Millennial respondents, 58% classified themselves as entrepreneurs. These responses (from more than 3,000 freelancers worldwide who have worked online) quantify the mindset of freelancers today, providing a glimpse into the professional landscape of tomorrow.
Hays ondersteunt de promotie van vrouwen op de werkvloer. Veel bedrijven hebben een tekort aan vaardigheden in huis en het vergroten van het aantal vrouwelijke professionals kan helpen om dit probleem aan te pakken. Het verbeteren van toegang tot talent, stelt organisaties beter in staat om prestaties te vergroten, te groeien en toekomstig succes veilig te stellen.
Generation Y is taking over the workplace and it’s sooner than you think. By 2025, they will comprise 75% of the workforce.
Due to demographic shifts, including more experienced Baby Boomer workers retiring, it is essential to engage Generation Y now so they are able to fulfill expected talent shortages in the near future. Developing a strong leadership pipeline and expertise are key to business continuity.
Unfortunately, many organizations are not prepared to attract, engage, and retain Generation Y employees because they continue to use management practices that are off target. Neglecting to engage Generation Y will result in talent shortages, turnover expenses, and a damaged reputation.
Generation Y had a different upbringing than the Baby Boomers and Generation X; however, much of what they demand in the workplace will engage the entire workforce, not just their demographic. Engaging Generation Y is as much about modernizing your workplace as it is about creating an environment to capture the best new talent; the ROI is far-reaching.
Learn more about the trends that are shaping the future of work and how embracing technology and the social web can help organizations to capture the millennial workforce and enhance organizational performance.
By David F. Larcker, Nicholas E. Donatiello, Brian Tayan
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance at Stanford University, February 2017
In summer 2016, the Rock Center for Corporate Governance at Stanford University conducted a nationwide survey of 1,554 individuals to understand how the American public views CEOs who engage in potentially unethical behavior, and the public’s determination of “fair punishment” for these actions.
The study reveals that almost half of Americans believe CEOs should be fired (or worse) for unethical behavior. Violations of trust between company and customer are considered the most egregious. And, the public is surprisingly critical of CEOs who engage in “immoral” personal actions. Key takeaways include:
Almost half of Americans believe CEOs should be fired (or worse) for unethical behavior.
Violations of trust between company and customer are considered most egregious.
The public is surprisingly critical of CEOs who engage in “immoral” personal actions.
“We find that the public is highly critical of—and very willing to fire—CEOs who engage in behaviors that are morally or ethically questionable, even if these actions are not illegal and in some cases even if they cause no obvious harm to shareholders, employees, or the public,” says Professor David F. Larcker, Stanford Graduate School of Business. “This reflects, in part, the public’s lingering distrust of large corporations and CEOs in general.”
KEY FINDINGS INCLUDE THE FOLLOWING:
1. MEMBERS OF THE PUBLIC ARE EXTREMELY CRITICAL OF CEOS WHO ENGAGE IN QUESTIONABLE BEHAVIOR.
2. THE PUBLIC BELIEVES A VIOLATION OF TRUST BETWEEN A COMPANY AND ITS CUSTOMERS IS THE MOST EGREGIOUS ETHICAL VIOLATION A CEO CAN MAKE.
3. BOARDS OF DIRECTORS ARE STRICTER THAN THE PUBLIC IN ADMINISTERING PUNISHMENT.
4. AMERICANS ARE SURPRISINGLY CRITICAL OF POTENTIALLY IMMORAL BEHAVIOR.
5. MALE AND FEMALE CEOS ARE HEL
Hays Global Gender Diversity Report 2016Hays Portugal
De acordo com um inquérito realizado pela Hays junto de mais de 11.500 inquiridos em 24 países, por ocasião do Dia Internacional da Mulher, homens e mulheres têm percepções muito diferentes quanto à desigualdade entre géneros a nível profissional.
O relatório analisa as respostas dos inquiridos em factores como ambição, auto-promoção, igualdade salarial, oportunidades de carreira e políticas de diversidade de género nas empresas.
Deloitte India : 2019 Deloitte Global Human Capital Trendsaakash malhotra
Deloitte’s Human Capital professionals leverage research, analytics, and industry insights to help design and execute the HR, talent, leadership and change programs that enable business performance through people performance. See More : https://www2.deloitte.com/in/en.html
A majority of executives believe gender diversity in leadership links to better financial
performance, but companies take few actions to support women in the workforce.
The goal of the CEO & Gender Media Audit was to understand the media coverage of CEOs in various situations and determine if there are differences in the way male and female CEOs are covered.
Generational Dynamics in Service Management - Tips for Working Together; ITSM...ITSM Academy, Inc.
If you’re like most companies, you likely have 3-5 Generations on your teams. Enjoy humor and hear tips on how to attract and integrate the Millennials & Boomlets into your Service Management Teams and explore what the rapid ‘Aging of America’ means to your company and what you should be doing to prepare … so you’re not caught short by the wealth of tribal knowledge exiting in mass! Learn things like how to help them communicate and produce results with one another without driving each other crazy! And which generational pairings work most effectively together. Have some fun as we explore creative ways to get things accomplished effectively for your customers … across the Generations.
Etude Strategy& "Chief Executive Study" sur les femmes dirigeantes (2014)PwC France
http://pwc.to/1laNcy5
Au cours des dix dernières années, la part des femmes devenues dirigeantes d’entreprises a été supérieure de 75% à celles ayant quitté leurs fonctions. Ce solde, largement positif, est emblématique d’une tendance de fond qui s’est accélérée au cours des 5 dernières années. Telle est la principale conclusion de l’édition 2014 du « Chief Executive Study : women CEOs of the last 10 years » publiée par le cabinet Strategy&. Chaque année depuis 14 ans, le « Chief Executive Study » analyse le turnover des dirigeants d’entreprises. Cette année, l’étude s’est plus particulièrement intéressée aux femmes dirigeantes d’entreprises et à l’évolution de leurs parcours depuis 10 ans.
ThinkNow Entrepreneurship Report – Women’s Point of ViewThinkNow
Women’s entrepreneurship is thriving in America. According to the 2018 State of Women-Owned Business report commissioned by American Express, 1,821 women-owned businesses were launched per day over the last year, bringing the total number of women-owned firms to 12.3 million, employing over 9 million people and accounting for $1.8 trillion in revenue.
So, in these last few days of October, as we wind down the celebration of National Women’s Small Business Month, we are still reminded of the tremendous contributions women business owners have made to the global economy, but also charged with challenging the antiquated mindsets and inadequate policies that still plague our cause.
Surge in female-owned firms:
Despite those challenges, the entrepreneurial spirit among women, especially women of color, is magical, sparking growth across all industries. Between 2007 and 2018, the number of businesses owned by women of color grew at 3x the national average of all women-owned firms, driven primarily by Hispanic and African-American women. As of 2018, women of color accounted for 47% of all women-owned businesses.
So, it’s not surprising that significantly more Hispanics and African-American women believe that owning a business is a strong indicator of success. According to the 2018 ThinkNow Entrepreneurship™ Report, 47% of Hispanic women and 52% of African-American women agree with this sentiment compared to White and Asian women.
While half of women-owned businesses are concentrated into three industries – other services, healthcare/social assistance, and professional/scientific/tech services – the restaurant/food and beverage industry are among the top choices for women to start businesses, according to ThinkNow.
A ManpowerGroup whitepaper on female leadership. Making the case for more women leaders in businesses today. Find out how to get them and keep them in your organisation.
The millennial generation is feeling uneasy about the future. The growth of Industry 4.0 technologies—from robotics and the internet
of things to artificial intelligence and cognitive—has
altered the nature of work, while political upheavals
challenge the established world order. In this
environment, millennials and Gen Z yearn for leaders
whose decisions might benefit the world—and their
careers.
Building on last year’s report,2the seventh
annual Deloitte millennial survey delves into
respondents’ perceptions of the evolving threats and
opportunities in an increasingly complex world.
For the first time, the survey also includes opinions
of Generation Z3—those following millennials into
the workplace.
In a fragmenting social and political environment,
with Industry 4.0 driving profound changes,
many millennials are exhibiting a marked desire
for reassurance. They feel pessimistic about the
prospects for political and social progress, along
with concerns about safety, social equality and
environmental sustainability. While young workers
believe that business should consider stakeholders’
interests as well as profts, their experience is
of employers prioritizing the bottom line above
workers, society and the environment, leaving them
with little sense of loyalty
Deloitte’s fourth annual Millennial Survey explored what tomorrow’s leaders think of business today. According to the results, business should focus on people and purpose, not just products and profits in the 21st century.
Millennials overwhelmingly believe that business needs a reset in terms of paying as much attention to people and purpose as it does products and profit. Seventy-five
percent of Millennials believe businesses are too
fixated on their own agendas and not focused
enough on helping to improve society.
Millennials will be 75% of the workforce by 2025. With an average tenure of just two years, it's time to reevaluate the way we keep young professionals happy and engaged.
Learn the best strategies for reducing millennial turnover and increasing job satisfaction in this report, Top 7 Tips for Engaging Millennial Workers.
Hot off the press and filled with facts from the recently released Deloitte Millennial 2016 Survey, this is a not-to-be-missed guide to creating a workplace culture that millennials won't want to leave!
Deloitte Gen Z Millennial Survey 2024_India_Full length report_.pdfSocial Samosa
The campaign, featuring messages like 'A vow of celibacy is not the answer' and 'Thou shalt not give up on dating and become a nun,' drew widespread condemnation, with netizens expressing their disappointment and frustration on social media.
The Future of Business Citizenship - People's Insights MagazineMSL
For our global research study, The Future of Business Citizenship, we surveyed 8,000 young people in 17 countries. Our findings confirm that Millennials have high expectations from business and add an insightful layer to our observations around this generation, with real implications for brands and corporations.
MSLGROUP's global team of corporate and brand citizenship experts dive deep into the results of our study and outline what Millennials value as individuals and what they expect from businesses. The Future of Business Citizenship is part of MSLGROUP's People's Insights project that crowd-sources insights and foresights from MSLGROUP experts.
We hope you enjoy reading this comprehensive report and invite you to share your feedback and tips with us @PeoplesLab or you can reach out to us on Twitter @msl_group.
MSLGROUPs latest survey of 8,000 Millennials across 17 countries reveals that they feel very differently from preceding generations about businesses’ roles in dealing with the world’s greatest challenges.
Jobs are being disrupted more and more. What is the future for jobs? How do we prepare and move into this brave new world. Should we be pessimistic or optimistic?
CIO's implanting digital transformation strategies are facing increasing challenges on how to migrate security integrated hybrid technologies. Find out here the future of Future Networks today
AI driven automation will create wealth and expand economies. Find out the views of the Executive Office of the US President in this AI Government led initiative.
Why is this new wave of Artificial Intelligence different today? What kind of applications can AI be used for? If you are interested in AI, then you need to read this report.
Deloitte's report and point of view on IBM's Watson. IBM Watson, AI, Cognitive Computing are rapidly evolving technologies that can support and enhance enterprise solutions. Learn about IBM Watson the Why? and the How?
Great Bigdata eBook giving a perspective of Bigdata Analytics Predictions for 2016. Learn about the milestones, landmarks and futures of this fast growing arena.
The Inclusive Digital Revolution. Equitable growth and wealth creation for all. A new way of thinking often starts a new way for economies, societies and individuals to prosper. A must read for all.
Weiner said he has been impressed with Nadella "since he took over as CEO" in February 2014. "You see what he's been doing with the company, the way in which Microsoft has become increasingly open and agile, innovative, purpose-driven — to do that at a company like Microsoft is amazing."
The Connected world evolves and more elements of our analogue world and being connected to our digital world. WE all need to understand this mega-trend and the drivers for IoT in 2017 and beyond
More from Dean Bonehill ♠Technology for Business♠ (20)
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
2. The 2016 Deloitte Millennial Survey2
M
illennials, in general, express little loyalty
to their current employers and many are
planning near-term exits. This “loyalty
challenge” is driven by a variety of factors.
Millennials feel underutilized and believe they’re not being
developed as leaders. They continue to express positive
views of businesses’ role in society; they have softened
their negative perceptions of corporate motivation and
ethics, and cite a strong alignment of values. However,
Millennials feel that most businesses have no ambition
beyond profit, and there are distinct differences in what
they believe the purpose of business should be and
what they perceive it to currently be. Millennials often
put their personal values ahead of organizational goals,
and several have shunned assignments (and potential
employers) that conflict with their beliefs.
These findings are drawn from Deloitte’s fifth global
Millennial Survey, which this year focused on Millennials’
values and ambitions, drivers of job satisfaction, and their
increasing representation on senior management teams.
Millennials represent an increasing share of the workforce
(evidenced by a recent analysis from Deloitte University
Press1
that showed Millennials “have recently inched past
the other generations to corner the largest share of the
US labor market”), and a growing number now occupy
senior positions. They are no longer leaders of tomorrow,
but increasingly, leaders of today—as such, their views
on how business does and should conduct itself are of
more than academic interest. We see that Millennials are
taking their values with them into the boardroom. As the
Millennial generation gets older, a larger proportion are
also becoming parents; the opinions of Millennial moms
and dads are also covered in the current study.
Introduction
As with previous surveys in the series, we collected
the views of nearly 7,700 Millennials representing
29 countries around the globe. All participants were
born after 1982, have obtained a college or university
degree, are employed fulltime, and predominantly work
in large (100+ employees), private sector organizations
(see note on methodology).
This summary explores the factors that
underlie the loyalty challenge and offers
suggestions, based on respondent
responses, that could help earn that
loyalty back.
1
Dr. Patricia Buckley, Dr. Peter Viechnicki, and Akrur Baruahttp, “A New Understanding of Millennials: Generational Differences Reexamined”
3. The 2016 Deloitte Millennial Survey3
EMERGING MARKETS
Interviews achieved: 4,300
Argentina | 300
Brazil | 300
Chile | 300
China | 300
Colombia | 300
India | 300
Indonesia | 300
Mexico | 300
Malaysia, Thailand and
Singapore (MTS) | 300
Peru | 200
The Philippines | 300
Russia | 300
South Africa | 200
South Korea | 300
Turkey | 300
DEVELOPED MARKETS
Interviews achieved: 3,392
Australia | 300
Belgium | 200
Canada | 300
France | 300
Germany | 300
Italy | 300
Japan | 300
Spain | 300
Switzerland | 192
The Netherlands | 300
UK | 300
US | 300
Research scope
The 2016 Deloitte Millennial Survey3 The 2016 Deloitte Millennial Survey3
4. The 2016 Deloitte Millennial Survey4
D
uring the next year, if given the choice, one in
four Millennials would quit his or her current
employer to join a new organization or to do
something different. That figure increases to
44 percent when the time frame is expanded to two years.
By the end of 2020, two of every three respondents hope
to have moved on, while only 16 percent of Millennials
see themselves with their current employers a decade
from now. This remarkable absence of loyalty represents
a serious challenge to any business employing a large
number of Millennials, especially those in markets—like
the United States—where Millennials now represent the
largest segment of the workforce.
Part one
Many Millennials have one foot out the door
≤ 6 months
6 months to 1 year
> 1 to 2 years
> 2 to 5 years
> 5 to 10 years
> 10 years
Would never leave
Don’t know
expect to leave
expect to stay
13%
12%
19%
22%
11%
5%
11%
8%
66%27%
Figure 1: Two in three Millennials expect to leave by 2020
Percentage who expect to leave in the next…
Q. If you had a choice, how long would you stay with your current employer before leaving to join a new organization or do something different?
5. The 2016 Deloitte Millennial Survey5
In each of the 29 countries where Millennials were
surveyed, a majority believe they will have left their
organizations before 2020 has passed. The percentages
range from the low 50s in Belgium (51 percent), Spain
(52 percent), and Japan (52 percent) to more than three-
quarters in Peru (82 percent), South Africa (76 percent),
and India (76 percent). In general, the intention to
move on is greater in emerging (69 percent) rather than
mature economies (61 percent). Regionally, Latin America
(71 percent) has the highest figure and Western Europe
(60 percent) the lowest. Meanwhile, within the regions,
we see outliers that suggest this is not merely a function
of the current economic climate. For instance, in the UK,
71 percent indicate an expectation of moving on.
82%
Peru
Emerging markets
69%
India
76%
South Africa
76%
Colombia
75%
South Korea
74%
Chile
71%
Argentina
67%
China
65%
64%
The Philippines
Indonesia
62%
United Kingdom
71%
Latin America
71%
Emerging markets Developed markets
64%
United States
Developed markets
61%
Russia
61%
Western Europe
60%
Japan
52%
Belgium
51%
Spain
52%
Canada
61%
Figure 2: Millennials in emerging markets are the least loyal to their current organizations
Percentage who expect to leave in the next five years
See country classification here.
Q. If you had a choice, how long would you stay with your current employer before leaving to join a new organization or do something different?
6. The 2016 Deloitte Millennial Survey6
When looking at demographic subgroups, we find that
Millennials who are parents show somewhat more loyalty
than those without children; 32 percent of the former
intend to remain with their current employers for five years
or more, compared to 24 percent of the latter. This is a
statistically significant difference. That said, twice as
many (64 percent) Millennial parents expect to leave their
current employer before 2021 as to stay beyond this
date. Women (67 percent) are slightly more likely to leave
within the next five years than men (64 percent).
Even those Millennials in senior positions express the
intention to leave their organizations relatively soon. In this
current survey, approximately one in five respondents are
either the head of a department or division (12 percent) or
have a position within his or her senior management team
or board (7 percent). Clearly, Millennials no longer have
the potential to shape the fortunes of their organizations;
many are already in positions to do so. However, while
they occupy such influential positions and have presumably
enjoyed satisfactory career trajectories, a majority
(57 percent) believe they will leave their current businesses
before year-end 2020. While this naturally represents gains
for new employers, this is a significant amount of senior
talent (and investment) to be walking out the door.
Lack of loyalty may be a sign of neglect
While many Millennials have already attained senior
positions, much remains to be done. More than six in ten
Millennials (63 percent) say their “leadership skills are not
being fully developed.” In some markets, such as Brazil and
the southeastern Asia nations of Malaysia, Singapore, and
Thailand, the figure exceeds 70 percent. Unfortunately,
little progress is being made in this area. In the 2013 survey,
49 percent of respondents thought their organizations
were doing all they could to develop their leadership skills.
Meanwhile, last year we observed that “regardless of
gender or geography, only 28 percent of Millennials feel
that their current organizations are making ‘full use’ of the
skills they currently have to offer.”
Last year, when asked to rate the skills and attributes on
which businesses place the most value (and are prepared
to pay the highest salaries), Millennials pointed to
“leadership” as being the most prized. This was mentioned
by 39 percent, but only 24 percent thought this was a
strong personal trait of theirs upon graduation (a gap of
15 percentage points). Millennials fully appreciate that
leadership skills are important to business and recognize
that, in this respect, their development may be far from
complete. But, based on the current results, Millennials
believe businesses are not doing enough to bridge the gap
to ensure a new generation of business leaders is created.
7. The 2016 Deloitte Millennial Survey7
Of great significance in the current survey results is the
finding that 71 percent of those likely to leave in the next
two years are unhappy with how their leadership skills
are being developed—fully 17 points higher than among
those intending to stay beyond 2020. As Figure 3 shows,
the most loyal employees are more likely to agree that:
• There is a lot of support/training available to those
wishing to take on leadership roles; and
• Younger employees are actively encouraged to aim for
leadership roles.
Meanwhile, the least loyal employees are significantly more
likely to say that:
• I’m being overlooked for potential leadership positions;
and
• My leadership skills are not being fully developed.
It is encouraging to report relatively small gender
differences in consideration for senior roles. However, the
absolute figures are disappointing—50 percent of male
and 48 percent of female respondents say they are “being
overlooked for potential leadership positions.”
While consideration (or a lack of it) may be equal, the
reality is that Millennial men (21 percent) are significantly
more likely than women (16 percent) to say they lead
a department or are members of the senior management
team. Could this reflect continuing gender bias or
situations in which women feel less encouraged in seeking
senior roles?
For example, in 2015 we reported a significant gender gap
of six points between the proportion of men (27 percent)
and women (21 percent) who rated their leadership skills
as strong.
Stay more than 5 years Leave within 2 years
“Younger employees
are actively
encouraged to aim
for leadership roles”
(Average = 58%)
“My leadership skills
are not being fully
developed”
(Average = 63%)
“I feel that I’m being
overlooked for
potential leadership
positions”
(Average = 49%)
“There is a lot of
support for those
wishing to take on
leadership roles”
(Average = 59%)
68%
52%
54%
71%
68%
52%
42%
57%
Figure 3: Supporting leadership ambitions builds
loyalty (yes really!)
Percentage agreeing with each statement
Q. “Thinking about the support your organization offers you in regards to taking on
leadership positions, to what extent do you agree or disagree with the following statements?
8. The 2016 Deloitte Millennial Survey8
M
illennials continue to express positive views
of business, and their opinions regarding
businesses’ motivations and ethics showed
stark improvement in this survey. However,
much skepticism remains, driven by the majority held belief
that businesses have no ambition beyond profit. Almost
nine in ten (87 percent) believe that “the success of a
business should be measured in terms of more than just
its financial performance.” This is a widely held belief;
only in Germany (22 percent) and South Korea (30 percent)
do more than a fifth of Millennials say business success
should be measured in purely financial terms.
Business has a positive impact on society
Millennials continue to hold business in high regard: three-
quarters (73 percent) maintain that it has a positive impact
upon wider society. This figure is unchanged since 2013
(when we first asked the question) and shows that, despite
a downturn in certain local and regional economies,
Millennials remain upbeat about businesses’ potential to
do good. This positive evaluation is, perhaps naturally,
Part two
Shared goals, different focus—the “sustainability gap”
Agree Disagree
Focus on their own
agenda rather than
considering the
wider society
Behave in an
ethical manner
Leaders are
committed to
helping to improve
society
Have no ambition
beyond wanting to
make money
58% 57% 54%2015 = 52% 2015 = 53%
64%2015 = 75%
Figure 4: Millennials believe businesses to be more ethical and society-focused than a year ago,
but remain wary of motivations
Percentage who said businesses…
Q. Thinking about businesses around the world, would you agree or disagree that, on balance, the following statements describe their current behavior?
9. The 2016 Deloitte Millennial Survey9
most evident among those in senior positions (83 percent),
but also peaks among Millennial parents (81 percent), the
“super-connected Millennials” (87 percent), and “active
citizens” (76 percent). These latter two groups represent
those making significantly more use of social media or
who volunteer, campaign, donate, or more actively engage
with social, environmental, or political affairs. As such, it is
encouraging that such Millennials are pro-business rather
than anti-business.
Millennials in our survey also believe businesses are
behaving in an increasingly responsible manner. On balance,
Millennials still believe that businesses focus on their own
agendas—but compared to 2015, they are significantly less
likely to say this. Meanwhile, they are more likely than last
year to agree that businesses “behave in an ethical manner”
(58 percent versus 52 percent) and that “their leaders are
committed to helping improve society” (57 percent versus
53 percent). There is still much to be done, though, as a
majority (54 percent) believe businesses around the world
have “no ambition beyond making money.”
Not impressed by the “buzz” around a business
Millennials judge the performance of a business on what
it does and how it treats people. For example, among
those saying business “means more than a healthy balance
sheet,” more than six in ten would reference the quality of
its products and services (63 percent) or levels of employee
satisfaction (62 percent). A majority (55 percent) focus on
customer loyalty/satisfaction. Innovation and efficiency also
rank highly.
Millennials are less impressed by the
sheer scale of a business, its age, or the
general buzz that surrounds it. Based on a
stereotypical view of Millennials, the profile
or “positive energy” around a business
might be thought of as being highly
important to them.
However, at 27 percent, the “buzz” around a business
ranks 14th of the 15th attributes measured (and only
13th among those most engaged with social media).
Millennials’ views of what businesses should strive to
achieve have remained consistent over time. In last year’s
study, we compared purpose—what businesses should
do—versus impact—what they are doing—and found
that Millennials consider businesses to be underperforming
by 10 percentage points at improving livelihoods, and
underperforming by 12 percentage points on social/
environmental benefit. In contrast, there was a perceived
overemphasis in areas of profit generation (+10) and
wealth creation (+13). As noted later, Millennials very much
believe that business success is built on a foundation of
long-term sustainability rather than pursuing short-term
profit maximization.
10. The 2016 Deloitte Millennial Survey10
For long-term success, put employees first
In previous surveys, Millennials have told us that
businesses’ greatest contribution was the financial benefit
associated with job creation—but they see this as an
outcome rather than a guiding principle of business
conduct. So, to better understand their values, we asked
Millennials, “What are the most important values a
business should follow if it is to have long-term success?”
They responded that businesses should put employees
first, and they should have a solid foundation of trust and
integrity. Customer care and high-quality, reliable products
also ranked relatively high in importance. Attention to the
environment and social responsibility were also mentioned
by a significant number of Millennials. It’s noteworthy that
few (5 percent) of those answering thought profit-focused
values would ensure long-term success.
Q. In general terms, what are the most important values you think a business should follow if it is to have long-term success?
25%Ethics/trust/
integrity/honesty
26%Employee satisfaction/
loyalty/fair treatment
19%Customer care/
focus
13%Quality/
reliability
8%
Environmental
impact
Corporate
social
responsibility
6%
Innovation
Respect
7%
Efficiency/
adaptable/
moves
with the
times
Good
products
Figure 5: The values that support long-term business success are people treatment,
ethics, and customer focus
11. The 2016 Deloitte Millennial Survey11
Some of the most noteworthy comments were:
“Ensuring employees feel comfortable—that is a successful
company; where people are free to perform their tasks
and duties regardless of time and space”
(Female, Mexico)
“Setting long-term goals that both improve the business
and treat employees with respect and integrity”
(Male, Canada)
“The most important values are integrity, a customer-first
strategy, and long-term goals”
(Male, Singapore)
“To be fully transparent and strive for fairness and
equality in all aspects of their workings”
(Male, UK)
“Following environmentally sustainable practices
and offering employees a good work/life balance”
(Female, Australia)
“The most important values are honesty, reliability,
and respect.”
(Female, Spain)
“The key values for long-term success are social
responsibility, employee satisfaction, and a good
working environment”
(Male, Peru)
“Respect for people and the environment”
(Female, Brazil)
“Fair competition and a harmonious social environment.
A sense of innovation is also particularly important”
(Male, China)
“Important values include low staff turnover, quality
of service or products, environmental protection, and
employee satisfaction”
(Female, Chile)
Values guide where Millennials work, what
assignments they will accept
Millennials want to contribute to the positive impact
they believe business has on society, but in so doing,
they wish to stay true to their personal values. Seven in
ten (70 percent) Millennials believe their personal values
are shared by the organizations they work for. This rises
to 80 percent among the most senior Millennials and
82 percent for those intending to stay for at least another
five years. This is a strong indication that Millennials
choose employers whose values reflect their own—a
concept reinforced by the finding that, globally, 56 percent
of Millennials have “ruled out ever working for a particular
organization because of its values or standard of conduct.”
This strong degree of alignment with their employers
does not mean Millennials are a benign workforce. Almost
half (49 percent) have “chosen not to undertake a task
at work because it went against their personal values or
ethics.” This increases to 61 percent among those in senior
positions. Geographically, the level of “refusal” ranges
from 20 percent in Japan to 71 percent in Colombia, and
is generally high in Latin America. So, while they may
judge the impact of business to be positive, and think
business behaves in an ethical manner, most Millennials
have no problem standing their ground when asked to do
something that conflicts with their personal values.
12. The 2016 Deloitte Millennial Survey12
When asked to state the level of influence different factors
have on their decision making at work, “my personal
values/morals” ranked first. Over half (55 percent) said this
had a very high degree of influence, with “personal goals
and ambitions and career progression” (51 percent) ranking
second. “Meeting the organization’s formal targets or
objectives” ranked only fifth of the seven factors measured.
This emphasis on personal values
continues into the boardroom; the rank
order of priorities does not change for
senior Millennials. As such, we can expect
Millennial leaders to base their decisions
as much on personal values as on the
achievement of specific targets or goals.
64%
60%
58%
57%
56%
51%
49%
45%
46%
38%
36%
36%
Your personal values/morals
Impact on clients, customers
Your personal goals and ambitions/
career progression
Being true to the organization’s values
or overall sense of purpose
Meeting the organization’s formal targets
or objectives, e.g., profit or revenue targets
Avoiding trouble/minimizing personal risk
Senior Millennials: heads of department and above
Junior Millennials: graduates and junior positions
50%
34%
Impact on colleagues
Figure 6: Personal values have the greatest influence on Millennials’ decision making
Percentage who said factor is “very influential” when making decisions at work
Q. How much influence do the following factors have when you are making decisions at work?
13. The 2016 Deloitte Millennial Survey13
Aligned values, but mismatched purposes
This year’s survey results suggest Millennials don’t see their
organizations as reflecting the core values they believe to
lie behind long-term success—resulting in a significant gap
between where Millennials believe emphasis should be
placed and what they perceive to be the case.
There are five key areas where Millennials believe
businesses’ sense of purpose should be far greater than
is currently the case. Shown in the top-left quadrant of
Figure 7, these areas include: improving the skills, income,
and “satisfaction levels” of employees; creating jobs; and
impacting positively on users of their goods and services.
Diametrically opposed is the emphasis on profit and
business expansion.
These sentiments are consistent with the results from last
year’s survey. Then, we identified a “leadership gap”—
differences between the priorities Millennials would have
if they led their organizations and where they believed
their senior leadership teams to be focused. As is the
• Providing a good income to our
employees
• Being the best possible place to work
• Improving the skills of our workforce
• Providing services/goods that make a
positive difference to people’s lives
• Generating and supporting jobs
• Being as efficient as possible
• Ensuring the long-term future of
our company/organization
• Continuous improvement/increasing
knowledge in our area of activity
• Making the best possible products/being
the best business in our area of activity
• Making a positive contribution to local
communities/society
• Collaborating with other organizations
to create new ideas/better solutions
• Improving/protecting the environment
• Making money/maximizing profit
• Growing the business/becoming bigger
e.g., entering new international markets
• Being well-known/increasing our public
profile
• Creating wealth/contributing to
economic growth
High Millennial
priority
Low Millennial
priority
High employer
priority
Low employer
priority
Figure 7: Millennials would prioritize the sense of purpose around people rather
than growth or profit maximization
Q. Thinking about your place of work, how strong is the sense of purpose around the following objectives?
Q. And for you personally, where would you like the strongest sense of purpose to be in your organization?
14. The 2016 Deloitte Millennial Survey14
case this year, the earlier research told us that Millennials
would place far greater emphasis than current leaders
on “employee wellbeing” and “employee growth and
development.” They would be less focused on “personal
income/reward” or “short-term financial goals.”
Millennials who enter the boardroom and those in senior
positions have a desire to rebalance business priorities
by putting people before profit. Similar to those in more
junior roles, members of senior management teams would
personally like to see a greater sense of purpose around
“being the best possible place to work” and “providing a
good income to employees.” They are more aligned than
junior employees regarding “maximizing profit,” “being
the best in their organization’s area of activity,” and
“expansion”—but this doesn’t detract from the sense that
Millennials’ “people-first” values will remain with them as
they take on greater levels of responsibility.
Taken together, the preceding findings paint a clear picture
of what Millennials believe the foundations of business
success to be. This generation evaluates such success in
ways that go beyond a focus on financial performance,
increasing the focus on activities and behaviors that
support long-term sustainability. The potential for a
“profits-first” approach to alienate Millennials is highlighted
by its relationship to a range of variables in our dataset.
We see, for example, that where Millennials feel their
organizations put “financial performance before everything
else,” only 20 percent intend to stay for more than five
years (compared to the average of 27 percent). Significant
differences are also seen with overall levels of employee
satisfaction (42 percent in the “profits-first” business versus
an average of 53 percent) and value alignment (61 percent
versus 70 percent).
As we observed in 2015, Millennials recognize, absolutely,
that financial success is one of the elements that
characterize a “leading organization,” but on its own
is insufficient. Profit is combined with three other of
the “Four Ps”: people (employees and in wider society);
products; and purpose, which, in combination, provide a
platform for long-term success.
Millennials are not naive, though. While they certainly
wish to see a greater focus on the needs of the individual,
whether employees or those who use their products and
services, they simultaneously demonstrate an appreciation
of business fundamentals. This generation is acutely aware
of the impact of the Great Recession and closely attuned
to changing economic conditions (see Economic Outlook
section). They, therefore, recognize the importance of
ensuring the long-term success of a business and its ability
to support and create jobs.
15. The 2016 Deloitte Millennial Survey15
We see this demonstrated by Millennials’ alignment with
their senior leadership teams with respect to the priority
given to increasing efficiency, ensuring organizations’ long-
term futures, continuous improvement, and a desire to be
the best businesses in their specific area of activity. Again,
this reflects last year’s study where we found Millennials
sharing their leaders’ sense of priority over:
• Investing in growth/driving business initiatives;
• Dealing fairly with suppliers;
• Developing new/innovative products and services;
• Making positive impact on customers; and
• Ensuring the long-term future of the organization.
Millennials are, thus, in broad alignment with senior
executives on initiatives that support long-term success,
suggesting that they value approaches that directly impact
individuals via jobs, income, skills, or quality products.
As reported above, Millennials are not anti-profit and
recognize money making as a vital component of business
success. They would simply advise against placing too
much emphasis on short-term profit maximization.
Percentage who will
stay more than 5 years
Percentage reporting
high level of satisfaction
All People are held accountable
for their actions and performance
Focus on getting detail right
27%
32%
62%
28%
54%
53%
Figure 8: Being held accountable doesn’t reduce loyalty or satisfaction
Q. Which of the following words or phrases match the “culture” within your current organization?
16. The 2016 Deloitte Millennial Survey16
We further observe Millennials’ appreciation of business
fundamentals in data taken from questions on business
culture and their recognition of the need for accountability
and attention to detail. While Millennials wouldn’t
wish to work in a highly regimented and controlled
environment, they understand the need for people to be
held accountable for their actions and performance. Levels
of job satisfaction are as equally high as elsewhere, where
this is a feature of an organization’s culture, while loyalty is
similarly unaffected by holding people to account.
Where holding people to account is a characteristic of an
organization, respondents are just as likely (54 percent) as
the survey average (53 percent) to say there are high levels
of job satisfaction. It is also the case that holding people
to account for their actions does not appear to diminish
loyalty. Where such accountability is evident (28 percent),
Millennials are just as likely as average (27 percent) to stay
with an organization for five years or more.
Personal goals are fairly traditional
Perhaps just as surprising as the finding that Millennials
aren’t particularly influenced by the buzz around individual
businesses or employers, survey respondents also indicate
little desire to be famous, have a high profile on social
media, or accumulate great wealth.
Instead, in broad terms, Millennials’ personal goals are more
traditional. They seek a good work/life balance, they want
to own their own homes, they desire a partner for life, and
they strive for financial security that allows them to save
enough money for a comfortable retirement. The ambition
to make positive contributions to their organizations’ success
and/or to the world in general also rates highly.
17. The 2016 Deloitte Millennial Survey17
T
he link between Millennials’ loyalty and their
feelings about business are not a coincidence.
Thus, those organizations that “do the right
thing” may be less likely to lose their Millennial
employees. Our survey provides some ideas as to how
this “brain drain” can be arrested, with three key actions
suggesting themselves:
• Identify, understand, and align with Millennials’ values;
• Satisfy the demands Millennials have of employers; and
• Support Millennials’ ambitions and professional
development.
We have observed that loyalty to an employer is driven by
understanding and support of Millennials’ career and life
ambitions, as well as providing opportunities to progress
and become leaders. Having a mentor is incredibly
powerful in this regard.
Encourage mentorship
In a recent LinkedIn article, Deloitte Global CEO,
Punit Renjen, said: “There is really no secret (to success) and
there surely are no shortcuts. In my case, it was a pretty
simple equation: hard work + some lucky breaks + great
mentors.” The last of these, the positive impact of the
mentor, is clearly highlighted by our findings. Among those
who have somebody acting as their mentor, more than
nine in ten describe the quality of advice (94 percent) and
the level of interest shown in their development (91 percent)
as “good.” Among those with mentors, 83 percent are
satisfied with this aspect of their working lives.
Where it exists, mentoring is having a positive impact and
six in ten (61 percent) Millennials are currently benefiting
from having somebody to turn to for advice, or who helps
develop their leadership skills. Again, this varies by market
and appears more prevalent in emerging (67 percent)
rather than mature (52 percent) economies. Mentorship
levels are particularly low in Australia, Germany, Canada,
The Netherlands, and France, where only a minority of
Part three
Bridge the gaps, retain the talent
91%
83%
61%
94%My mentor
provides good
advice
My mentor provides good advice
My mentor is interested in my personal development
I am satisfied (with mentoring)
I have a mentor
Figure 9: Millennials with a mentor are receiving
good advice and feel somebody is interested in
their professional development
Q. Overall, how would you rate your mentor, in terms of the quality of advice they give/
the level of interest they show in your personal development (% Good)?. Q. How satisfied
are you with mentoring received from senior colleagues (% Satisfied)? Mentoring received
from senior colleagues (% Satisfied)
18. The 2016 Deloitte Millennial Survey18
respondents said they have mentors. Improving these
levels cannot not only advance the careers of Millennials,
but it will also go some way toward strengthening
loyalty. Those intending to stay with their organization
for more than five years are twice as likely to have a
mentor (68 percent) than not (32 percent). Among those
intending to leave within two years, the ratio of those with
(56 percent) and those without (44 percent) a mentor is
much lower.
Have purpose beyond profit
Corporate values that are shared with and believed by
Millennials also promote loyalty—particularly when
employers demonstrate a strong sense of company purpose
beyond financial success. As Figure 10 illustrates, Millennials
intending to stay with their organization for at least five
years are far more likely than others to report a positive
culture and focus on the needs of the individual.
88%
86% 86%
83% 82% 81% 81%
74%
63%
68%
62%
58%
62% 61%
56%
59%
25%
18%
24% 25%
20% 20%
25%
15%
Sense of
purpose
Variety of
experiences
Use made
of skills
Professional
development
Values
aligned*
Mentoring
received
Personal
recognition
Cross-team
collaboration*
Stay more than 5 years Leave within 2 years Gap
Figure 10: Those likely to remain longest share their organization’s values, and are more satisfied
with its sense of purpose and support of professional development
Percent satisfied with each aspect/describes* their organization
Q. How satisfied are you with the following aspects of your current working life?
19. The 2016 Deloitte Millennial Survey19
Provide developmental opportunities
While correlation is obviously not the same as causation,
it is likely no coincidence that where Millennials are most
satisfied with their learning opportunities and professional
development programs they are also likely to stay longer.
It is, therefore, disappointing that less than a quarter
(24 percent) of Millennials are “very satisfied” with this
aspect of their working lives. This figure is significantly
higher if:
• An employee’s values are aligned with his or her
organization’s (30 percent versus 10 percent where they
are not);
• An employee intends to remain for more than five years
(36 percent versus 17 percent for those staying less
than two);
• There is a high level of cross-team collaboration
(30 percent versus 12 percent where there is not); and
• An employee feels in control of his or her career
(28 percent versus 11 percent among those who do not).
Create the “perfect” job, environment
It has been widely reported that Millennials are generally
impatient for promotion, dependent on praise, shocked
by criticism, and—in the minds of older generations—not
prepared to make the effort required for career success.
To help address such criticisms, we used our latest survey
to discover, in an objective and statistically robust manner,
what Millennials most want from a job.
Using a trade-off technique, we presented respondents
with 14 factors they might consider when choosing
whether to work for an organization. These were presented
in groups of four, with each respondent asked to select
which of the quartet would represent his or her strongest
and weakest reasons for selecting a job. Random groups
of four were presented until, in effect, each of the 14
factors had been traded off against all others. This provides
a more objective measure than simply asking people to
place 14 items in order of preference. The results are
revealing.
Pay and financial benefits drive
Millennials’ choice of organization
more than anything else.
This single factor accounts for more than a fifth
(22 percent) of the combined level of influence of the
14 factors measured. This was found to be true in each
of the 29 markets covered, so it would appear to be
a universal truth of Millennial recruitment. However,
organizations cannot afford (in all senses) to engage in a
bidding war for Millennial talent. There is a limit to what
an organization can pay and, while compensation may
be the strongest single driver of employer choice, it does
not work in isolation. If a candidate is choosing between
organizations offering similar financial incentives, other
factors come into play. Understanding these factors
as a package will help employers attract and retain
Millennial talent.
20. The 2016 Deloitte Millennial Survey20
As Figure 11 illustrates, when salary or other financial
benefits are removed from the equation, work/life
balance and opportunities to progress or take on
leadership roles stand out. Those factors are followed
by flexible working arrangements, deriving a sense of
meaning, and training programs that support professional
development. An employer that can offer these is likely to
be more successful than its rivals in securing the talents of
the Millennial generation.
On the other hand, they will find it hard to become an
employer of choice if they attempt to differentiate primarily
by means of their growth records, market leadership, use
of technology or, least influential of all, the reputation of
their senior executives. That said, should a leadership team
bring its organization into disrepute, it is highly likely—
given Millennials’ values—that this will drive candidates
away. This would be especially true of super-connected
Millennials, who place a relatively large emphasis on
the behavior of business leaders when measuring
corporate success.
16.8
13.4
11.0
9.3
8.3
6.8
6.4
6.2
5.9
4.4
4.3
4.1
3.1
Good work/life balance
Opportunities to progress/be leaders
Flexibility i.e., remote working, flexible hours
Sense of meaning from my work
Professional development training programs
The impact it has on society
The quality of its products/services
Strong sense of purpose
Opportunities for international travel
Fast growing/dynamic
A leading company that people admire
Invests in and uses the latest technology
The reputation of its leaders
Figure 11: In most markets, work/life balance comes before career progression
when evaluating job opportunities
Relative degree of importance (excluding salary)
Q. For each of the following groups of four, please indicate what would be the strongest reason for choosing to work for an organization and what would be the weakest.
21. The 2016 Deloitte Millennial Survey21
This broad pattern of preference is observed across all
markets, although some variation is seen. The opportunity
for career progression is the number one priority (after
salary) in Argentina, Peru, Mexico, India, Colombia,
South Africa, and China. By contrast, it is only the
sixth strongest driver in Japan and fourth strongest in
South Korea and Belgium.
Analysis of demographic groups shows a generally large
degree of consistency between genders and also between
parents and nonparents. However, there are some subtle
variations in how the different elements combine to make
up the perfect job. All four groups (men, women, parents,
and nonparents) rate salary as their most influential
factor when choosing whether to work for a particular
organization. Removing this from the equation sees work/
life balance emerge as the top priority for each group; but,
it carries more weight among women and also, perhaps
surprisingly, nonparents.
Women are as equally likely as men to rate opportunities
for career progression and leadership roles as a major
factor; the genders are also aligned on the value of
professional development support, impact on wider
society, and opportunities to travel. Where differences do
appear, and this is in degree of influence rather than rank
order, women place greater emphasis on flexible working
opportunities and the ability to derive a sense of meaning
from their work. Men, meanwhile, prioritize a number
of external factors linked to an organization’s reputation.
These are not top-ranked factors but, perhaps mindful of
what others would think if they worked for a particular
organization, men would be more likely to consider the
following when deciding who to work for:
• Investment/use of technology;
• Being fast-growing/dynamic;
• Quality of products/services;
• Being a leading company that people admire; and
• The reputation of its leaders.
22. The 2016 Deloitte Millennial Survey22
Flexible working: Striking a balance
Would like to start/do more
Positive impact on productivity
Currently offered
“Work from home
or other locations
where you feel
you can be most
productive”
51% 43%
75%
Figure 12: Millennials would like more opportunities to
work remotely—and think it will boost productivity
Percentage who said...
W
riting on LinkedIn, Adam Henderson of
Millennial Mindset asked, “If you can’t
trust your employees to work flexibly,
why hire them in the first place?” He
continued, “A flexible approach to work also helps
businesses retain their best talent as they are giving their
employees an option to do great work, but in a way that
fits their lifestyles, providing a win-win scenario for all.”
Our survey explored the issue of flexible working in some
detail and found that while most (70 percent) were able
to access email and relevant applications from mobile
devices—and also, within limits, work flexible hours
(67 percent)—only a minority (43 percent) were allowed
to work from home or other locations where they
felt most productive. In just five markets (South Korea,
Indonesia, India, The Netherlands, Belgium) could a
majority work from home if they wished. The opportunity
to enjoy this flexibility and level of trust is also relatively
high among: senior executives (56 percent); organizations
with high employee satisfaction (51 percent);
organizations actively supporting leadership roles
(50 percent); parents (49 percent); men (47 percent); and
those intending to stay more than five years (46 percent).
The current level of flexibility is not consistent with
Millennials’ desires. Fully 88 percent wish they could,
within certain limits, have greater opportunity to start
and finish work at the times they choose. Meanwhile,
77 percent wish to have greater mobile connectivity, such
as via tablets and smartphones. But, the greatest gap
between current supply and demand surrounds the issue
of remote working—fully 75 percent would like to start
to, or more frequently, work from home or other locations
where they feel more productive. This is nearly double the
proportion that currently do so (43 percent).
Such measures would most likely increase levels of
satisfaction and, in Millennials’ opinions, boost productivity.
Of course, they have a vested interest in saying so, but
a majority (51 percent) expect productivity to increase if
people in their organizations could work from home or
places other than the main location.
The 2016 Deloitte Millennial Survey22
Q. Which of the following are you able to do in your current job? / Which of the following
would you like to start or do to a greater extent than is currently possible at your current
organization? / What impact would it have on productivity if people in your organization were
more able to do the following?
23. The 2016 Deloitte Millennial Survey23
Our survey points to additional organizational traits and
behaviors that promote a sense of positivity among
Millennials. They are more likely to report high levels of
satisfaction where there is a creative, inclusive working
culture (76 percent) rather than a more authoritarian,
rules-based approach (49 percent). More specifically,
in organizations with high levels of employee satisfaction,
Millennials have a much greater tendency to report:
• Open and free-flowing communication (47 percent
versus 26 percent where employee satisfaction is low);
• A culture of mutual support and tolerance (42 percent
versus 25 percent);
• A strong sense of purpose beyond financial success
(40 percent versus 22 percent);
• The active encouragement of ideas among all employees
(38 percent versus 21 percent);
• A strong commitment to equality and inclusiveness
(36 percent versus 17 percent); and
• Support and understanding of the ambitions of younger
employees (34 percent versus 15 percent).
40%
36%
47%
43%
38%
34%
38%
44%
33%
27%
30%
20% 20%
26%
22%
31%
29%
24%
20%
27%
40%
29%
30%
35%
31% 31%
Stay more than 5 years Leave within 2 years
As long as we get
the job done
we are free
to work as
we wish
Open and
free-flowing
communication
Culture of mutual
support and
tolerance
People are held
accountable for
their actions
and performance
Strong sense
of purpose
beyond
financial success
Idea generation
is actively
encouraged
among all
employees,
regardless of age
A lot of
importance is
placed on
getting details
right
Understand
and support
the ambitions
of its younger
employees
Strong
commitment to
equality and
inclusiveness
Focus on
current tasks
with little time
to learn
new things
Profit/financial
performance
comes before
everything else
Very
driven by
deadlines
People’s time
and performance
is closely
monitored
Figure 13: Strong sense of purpose, inclusiveness, and open communications are higher where
employees intend to stay longer
Percentage of Millennials who said that...
Q. Which of the following words or phrases match the culture within your current organization?
24. The 2016 Deloitte Millennial Survey24
In turn, where these characteristics are evident within
an organization, we observe stronger levels of loyalty.
Figure 13 serves to underline the suggestions offered
by the survey as a whole—open communication,
inclusiveness, and attention to the ambitions of
Millennials really do foster loyalty. In this particular
case, having a strong sense of purpose beyond financial
success is also a key driver of loyalty.
In the Millennials’ ideal workweek, there
would be significantly more time devoted
to the discussion of new ideas and ways of
working, on coaching and mentoring, and
on the development of their leadership
skills.
Ideal for a typical week (Hours)
Development of
leadership skills
Actual for a typical week (Hours)
Discussing new ideas/
ways of working
Receiving coaching/
mentoring
Emails
4.6 4.5
4.1
3.6
3.3
2.7
2.4
4.8
Figure 14: Ideal versus current number of hours spent on specific tasks
Number of hours currently/ideally spent on each task in a typical week
Q. In a five-day workweek, how much of your time is typically spent on the following activities? / And what would be ideal amount of time you spend each week on each of these activities?
25. The 2016 Deloitte Millennial Survey25
They would like to increase the time devoted to leadership
skills development from 2.7 to 4.5 hours a week—an
increase of two-thirds. To accommodate this, Millennials
see an opportunity to decrease the hours spent on email
and instant messaging.
Finally, Millennials want to feel in control of their
careers. Most survey respondents expressed satisfaction
in this area—almost three in ten (29 percent) say they
have “total control” over their career paths. Adding the
48 percent who said they “have a large degree, but not
complete control,” more than three-quarters (77 percent)
of Millennials feel their career paths are in their own hands
and not influenced by others or outside events.
Millennial parents (82 percent) feel more in control than
those without children, as are those most engaged with
social media (87 percent). Meanwhile, this sense of control
is greater in more holistic organizations that generally
try to do “the right thing.” We, therefore, see Millennials
expressing a greater sense of control if they work in
organizations that support their ambitions, align with their
values, feature a collaborative and trust-based working
culture, and have a strong sense of purpose.
Those who feel in control appear to be a
little more loyal.
So, rather than hastening their exits, empowering
Millennials might help retain them. As we have seen, this is
among the greatest talent challenges currently facing the
world’s employers, so is certainly to be encouraged.
29%
48%
18%
3% 3%
Don’t know
21%
77%
No control
Control
I have a large degree, but not complete control
It is mainly influenced by others or events outside my control
I have total control
It is totally controlled by others or outside events
Figure 15: Three-quarters of Millennials are
confident and feel in control of their career paths
Percentage in control of their career paths
Q. How much control do you feel that you have over your career path?
26. M
illennials provide a useful barometer of
economic confidence and their current views
of future performance are both striking and
concerning.
They are likely to be particularly sensitive to economic
conditions. Although our respondents are all employed
full time and generally working in large organizations,
they are a generation whose careers were at a relatively
early stage when the Great Recession hit. Meanwhile, they
will be more aware than most of the high levels of youth
unemployment that persist. The average level for OECD
countries is 15 percent and accounts for more than one in
five 15-24 year olds in Spain (53 percent), South Africa
(51 percent), France (23 percent), and Belgium (23 percent).
Our latest results show that, globally, Millennials on
balance remain optimistic, but at the lowest level we have
yet recorded. Across all 29 markets, 41 percent expect the
overall economic situation in their countries to improve
during the next 12 months while 30 percent foresee
Millennials’ economic outlook:
Storms ahead for emerging markets
-45%
-35%
-25%
-15%
5%
15%
25%
0%
Positive but declining
Brazil | China | Colombia | India | Indonesia | Peru
Negative and declining
Australia | Canada | Chile | Malaysia/Singapore/Thailand
| Mexico | Russia | South Africa | South Korea
Positive and improving
Belgium | Germany | Italy | Spain | Switzerland | The
Netherlands | The Philippines | Turkey | UK (no change) | US
Negative but improving
Argentina | France | Japan (no change)
30%
Japan
Italy
Argentina
Spain
Belgium
France
United States
Turkey
The Netherlands
Developed markets
The Philippines
Switzerland
Germany
United Kingdom
TOTAL
South Korea
India
Colombia
Australia
Emerging markets
Peru
China
Brazil
South Africa
Canada
Russia
MTS
Mexico
Indonesia
Chile
Figure 16: Economic confidence: Levels of optimism
Change in Economic Optimism Index (2016 versus 2015)
26 The 2016 Deloitte Millennial Survey
MTS: Malaysia/Thailand/Singapore
Q. Taking everything into account, do you expect the overall economic situation in (NAME OF COUNTRY) to improve, worsen, or stay the same over the next 12 months?