Much has been said about what Millennials want most from work, but our research suggests that some of these ideas are not entirely accurate. It’s not that softer benefits like finding personal meaning in work don’t matter to Millennials, but that these things matter as much or more to older workers. In fact, it may be that non-Millennials are the group that’s more misunderstood.
Millennials and older workers place the same value on most workplace benefits and incentives. For both groups, competitive compensation is the most important factor in determining job satisfaction.
But our surveys do reveal one substantial difference between Millennials and older workers—the younger people expect more feedback. In fact, they expect feedback 50% more often than other employees. They are also more likely to say they get their professional development from formal training at work, and less likely to say they use self-directed learning.
So while companies should offer the same benefits and incentives to all employees, they should understand that their younger employees require extra help in terms of feedback and development.
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I am reading your report now but cannot find more details about your research. For instance, when did your research hold? How many samples did your use? Is it the global sample or just in U.S?
I am waiting for your reply and thanks for your kindness.
Thanks for reaching out.
We conducted this research in 2014. The survey went out to 2,700 senior executives and 2,700 employees in 27 countries.
You can find out more about the research on the program landing page, http://www.oxfordeconomics.com/workforce2020, as well as links to all of the reports, infographics, webinars, and country fact sheets.
Associate Editor, Thought Leadership at Oxford Economics