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Millennials & Gen Zs

By May 30, 2019Employer
Millennials and Gen Zs

Deloitte’s 2019 report surveyed 13,416 millennials from 42 countries and 3,009 Gen Zs across 10 countries. Here are some key learnings:

Aspirations
The top aspiration was travelling and seeing the world at 57% and the second-highest was owning a home at 49%.
Ambitions
The second-highest ambition was earning a high salary and being wealthy at 52%.
Societal Challenges
Among 20 options, ‘climate change, protecting the environment, and natural disasters’ ranked highest at 29%.
Economic Sentiment
26% predict their country’s economy will improve next year.
Personal Finances
More than half of millennials believe their personal finances will worsen or stay the same.
Social Progress
Two-thirds of millennials think some people never receive a fair opportunity for success regardless of how hard they study and work, due to their backgrounds.
Business Priorities
35% of millennials believe businesses should prioritize generating jobs, 32% improving society and 27% improving and protecting the environment.
Business Leaders
26% of millennials don’t trust business leaders for reliable and accurate information.
Technology
49% of millennials believe new technology will augment their jobs.
Industry 4.0
Approximately 70% believe they may only possess some or few of the skills required for Industry 4.0.
Worker Preparation
Millennials feel businesses (30%) should prepare workers, while Gen Zs put the onus on educational institutions (36%).
Retention
49% of millennials said – if they had a choice – they would quit their current jobs in the next 24 months.
Gig Economy
6% of millennials chose the gig economy over working full time.
Organizational Politics
29% of millennials retreated from an organization because of behavior or comments of a company leader.
Social Media
54% of Gen Zs feel social media creates more harm than good.
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