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Training and flexible working worth more than money to millennials, according to PwC
Published on 26th January 2012 by Sarah Alexander
Millennials will form 50% of the workforce in 2020, and the majority value training and development and a healthy work/life balance over salary.
This is according to a major survey of 4,000 graduates from PwC, which found that nearly a quarter (22%) of respondents rated training and development as their number one benefit. Flexible working followed with 19% claiming it was most important, while cash bonuses ranked third (14%).
The report Millennials at work, reshaping the workplace also showed that 72% of those born between 1980 and 2000 have also had to make some sort of compromise in terms of location, salary or industry to get into work.
Jon Andrews, Partner, PwC says: “Millennials want more than ‘just a job’. They expect rapid progression, a varied and interesting career, and constant feedback.
“What they want might shift as they move through different stages of life and their commitments change, but this group is characterised by their ambition and optimism as they look at more than money when there’s an offer on the table. There are significant implications for employers as they need to adapt to ensure they remain attractive to this new workforce.”