Student and Graduate Publishing

What Do Millenials Want?

Friday, 30 June 2017 12:18

As the future of our society, many companies are desperate to understand more about millennials and how they can be better supported at work. Millennials are frequently stereotyped as young people that are entitled, easily distracted by their mobile phones, impatient, narcissistic on social media, and lazy. However, it is also widely acknowledged that they strive for purpose and want to make a real difference in the world. But, what do we really want? Are we as selfish as they think?  

According to Payment Sense, a new survey indicates that over a quarter of millennials believe that ‘early finish Fridays’ would motivate them in their job the most. Along with an earlier start to their weekend, the top five perks that appeal to millennials most are ‘unlimited holidays’ (39%), ‘company-wide bonuses’ (34%) as well as ‘days off for duvet days, birthdays or when moving home’ (34%). The other advantages that millennials would like to see more of, include: more flexible hours (34%), performance-based bonuses (28%), remote working (25%), and free childcare (21%). 

Some of these perks might be unrealistic to some employers. However, many of those outlined are  surprisingly reasonable and could contribute towards millennials that are more efficient and happier at work. Interestingly, young workers especially rated perks 6.4 out of 10 on a scale of importance to them. Sadly, however, more than 1 in 10 millennials receive no job perks whatsoever. A third enjoy flexible hours. If free time is something that is important to you, it might be worth considering a job in engineering/manufacturing, recruitment and social care, as industries in which many already enjoy the perk of ‘early finish Fridays’. On the other hand, if you are more tempted by company-wide bonuses, a job in science and pharmaceuticals, publishing and journalism or leisure and tourism might prove a better industry for you. 

To conduct the survey, Payment Sense asked 2,000 full-time office employees about the type of benefits they would like to see implemented at their work. Millennials were also asked whether they would be willing to sacrifice any part of their salary to gain more benefits at work – almost 10% said they would for a holiday, and over 5% would so they could work more flexible hours. 

Generally, other than wanting more free time, the results also suggest that staying healthy and active is a significant part of millennials’ lives. For example, over a quarter of millennials would like a gym membership as part of their job and almost 20% would like free fruit and snacks provided for them at the office. 

Contrary to widespread belief, the new survey on millennials demonstrate that they are worried about people other than themselves. Over 6% agreed that they would like more opportunity to do volunteer work – the highest percentage of all the age groups. 

If you could ask for anything from your job, what would it be? Whether you are in the process of applying for a job now or will be in the near future, having an idea about the benefits you could receive will help you to find the professional environment that is right for you. 

- By Lili Melvin