A new global report from PricewaterhouseCoopers reveals that training and development is the benefit the new generation of workers – the ‘millenials’ – value most highly.
The ‘Millennials at work’ research looks at the opinions and expectations of over 4,200 graduates from 44 countries in relation to the future of work and their attitudes on subjects including corporate responsibility, technology, global working and reward/ incentives.
It reveals that suggestions that the new generation of employees is disloyal and rejects currents working practices are a myth. But they do place great value on training and development – particularly coaching and mentoring.
The findings show that – while global opportunities and robust corporate responsibility are critical to the millennials – they expect to be predominantly office-based, work regular office hours and have a small number of future employers. The research therefore suggests that some companies should re-assess their efforts to attract and retain younger workers to ensure they are channelling their investment effectively, particularly in light of current cost pressures.
The importance of this is reinforced by preliminary findings from the 12th annual PwC CEO Survey, to be published next year, which show 61% of CEOs say they have challenges recruiting and integrating younger employees.
Michael Rendell, partner and global head of human resource services, PricewaterhouseCoopers, commented: “With the global economic downturn presenting organisations with serious immediate challenges, businesses need to work even harder to balance short-term pressures with long-term objectives. This means acting now to manage the demographic changes that will impact their ability to compete effectively.
“Eventually, in many parts of the world, fewer younger people will be working to support a significantly larger older population, making people supply a critical factor for business success and potentially changing the power dynamic between employer and employees.”
www.pwc.co.uk
Visit the Fuse Learning website at: www.fuselearning.co.uk
You must log in to post a comment.