The Deloitte Millennial (Generation Y) Survey this year projects Millennials will make up 75% of the global workforce by 2025 – less than 10 years from now. And 78% of business leaders say Millennial retention and engagement is an urgent or important matter for all C-level executives.
The survey gathered the views of more than 7,800 Millennials (those born in 1983 or later) who had a college or university degree and who were employed full-time. There were roughly 300 respondents each in 26 countries in North America, Western Europe, Latin America, and Asia-Pacific. The survey was conducted online from October 10 to November 11, 2013, and was compiled by Milward Brown. Roughly one-third of Millennials surveyed worked in organizations less than 100 employees, one-third at organizations with 100 to 999 people, and one-third at organizations of 1,000 people.
And this isn’t just getting attention from scholars. Fast Company recently covered the topic with a new article, 4 Employee Engagement Secrets From Millennials.
The key findings focused on how to increase employee productivity and reduce attrition by:
1) Creating a culture of ongoing dialogue between management and employees
2) Telling them how their work and your organization are both contributing to the big picture
3) Motivate employees to be impactful, in both the company and society
4) Engaging employees to be part of innovating and growing the company.