2016 millennial careers_australia key findings

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ManpowerGroup | May 2016 2

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MANPOWERGROUP OVERVIEWNearly 70 Years Of Global Workforce Solutions Expertise


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WE ASKED MILLENNIALS ABOUT CAREERS• How confident are you about your career and

how much of a priority is skills development?• How long do you think you’ll need to work

and do you plan career breaks along the way?

• What does job security mean, how important is it and what would make you stay with an employer?

New Findings And Fresh Insights

20% of the Australian population

~ 5 mio

Millennials are university educated.

people

1 in 3


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THE CAN DO, WILL DO GENERATIONHow Confident Are Millennials About Their Career Prospects?

64%


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TRAINING FOR A CAREER ULTRAMARATHONWorking Longer, Playing Harder?

WHEN DO MILLENNIALS EXPECT TO RETIRE?

11% of Australian Millennials say it is unlikely they will ever retire.


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WORK UNTIL THE DAY I DIE?Globally, Over Half Of Millennials Expect To Work Past Age 65


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FORTY HOURS A WEEK? I WISHHours Worked Per Week


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CAREER ULTRAMARATHON? GIVE ME A BREAK!Why Do Millennials Think They’ll Need To Take A Break?


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TOP FIVE PRIORITIES WHEN LOOKING FOR A JOB

SHOULD I STAY OR SHOULD I GO NOW?Millennials Are Planning For The Long-Haul And Want Work That Increases Their Life-Long Employability


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WHAT DOES JOB SECURITY MEAN TO YOU? Job Security Is Critical For Millennials, But They Define It Differently


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WHAT DOES IT TAKE TO REACH THE NEXT JOB LEVEL?Millennials See Individual Jobs As Stepping Stones To Self-Improvement


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I WOULD ALSO STAY IF:

3 | I have a better work-life balance4 | I have a clear career path5 | I am recognised by managers and colleagues

WHAT WOULD MAKE ME STAY?

NEW WAYS OF WORKING ARE EMERGING AND MILLENNIALS WANT INMillennials Prioritise The Security Of Full-Time Employment, But Also Want Regular Change, New Challenges And Advancement


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ALL THE WORLD’S A GIG? NOT REALLY75% Millennials Are Currently Working Full-Time, But More Than Half Are Open To Other Work In The Future


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WHAT’S THE SCORE? Higher learnability correlates strongly with career

success – being more educated, better prepared for employment and higher paid.Learnability


A SCORECARD FOR SUCCESS


Attracting, Retaining And Developing Millennial Workers

PRACTICAL ADVICE

Share examples of people who’ve progressed through training and on the-job learning in your organization.

Find new channels that encourage recognition and sharing from managers and peers.

Satisfy their appetitefor new opportunities without them having to go elsewhere.

Ride the career waves and make breaks an acceptable part of company culture.

Rather than annual reviews, focus on near term objectives and implement plans to achieve them.

Adopt some of theattractive aspects of these models—greater flexibility in where, when and how people work


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REIMAGINE YOUR PEOPLE PRACTICESAn Expert Perspective

• It’s time for companies to reimagine their people practices.

• Progression doesn’t always have to mean promotion.

• Millennials know that they need to upskill regularly to stay employable over longer working lives.

• The employer-employee relationship is changing.• Investing in training, creating ways to learn on the

job and move around the organization can make companies more attractive places to work.

• What works for Millennials works for the rest of the workforce too.

2016 millennial careers_australia key findings

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