In Brynne Herbert and Mrs Moneypenny's latest Financial Times column, they discuss whether the sharing economy is a key part of the millennial mindset.
Millennials are taking the world by storm, reshaping the workplace and changing global society, as we know it. By 2025, 75% of the workforce will be Millennials and more than any other generation before them, they expect to live and work abroad (Deloitte).Read More >
In partnership with the Case Foundation, Achieve released the results from their annual Millennial Impact Report, the most comprehensive and reliable study on Millennials (age 20-30) and their attitudes toward various causes. Past reports have focused on identifying trends that will help organizations reach the next generation. According to their executive summary, during the first four years of reporting, the following trends emerged, showing that Millennials:
- Engage with causes to help other people, not institutions
- Support issues rather than organizations
- Prefer to perform smaller actions before fully committing to a cause
- Feel influenced by the decisions and behaviors of their peers
- Treat all their assets (time, money, network, etc.) as having equal value
- Need to experience an organization’s work without having to be on-site
By 2025, 75% of the workplace will be Millennials and this year’s report focused on applying these trends to the workplace and developing best practices for employee engagement.
According to the report, 39% of Millennials researched their company’s cause work prior to their interview and 55% were influenced to take a job after discussing cause work with potential future employers. The study found that organizations understand they must link company culture with corporate social responsibility programs to attract, retain and motivate the next generation of talent.
In order for companies to successfully work with this new demographic, they need to understand what they look for in corporate cause work (programs that companies execute to give help people and communities) and how best to engage with this socially conscious and altruistic demographic.
See below for interesting infographics and facts from their comprehensive (and fun) executive summary:Read More >
As always, the Forum for Expatriate Management put on a great Summit last week in Las Vegas. This year we saw three important themes discussed:Read More >
It is no secret that millennials are changing the landscape of corporate global mobility. The power of technology has made millennials more flexible, more creative and not afraid of taking risks; they are perfect candidates for global transfers. But technology has also moulded Gen Y into a generation of instant gratification and the internet has transformed the realm of service into an all-access information portal. Millennials rely on self-management and self-sufficiency, and if they are not satisfied they have the means to go elsewhere. This is why transparency is crucial for service bookings as part of lump sum programmes; millennials are very particular about the amount of support they require.Read More >
A staggering 93% of millennials expect to live or work abroad at some point in their lives. With such a vast majority placing global mobility at the top of their list of career goals, it is no surprise that more and more HR departments are prioritising the formation of an attractive relocation programme. But what exactly is the thinking behind this Gen Y jump towards relocation?Read More >
Learn why developing cross-border capabilities in staff gives your organization a competitive advantage and why MOVE Guides knows this best.Read More >