Those born between the 1980's and 2000 are considered millennials, and they seem to have developed specific characteristics - from the way they live with parents, to structured lives, to contact with diverse people, to the way they want their work life to be. Important work characteristics of this emerging group include working with diverse people, working as a team, making colleagues their friends, integrating their work and personal life and expecting feedback.
The one factor that students need from their career isn't leadership opportunities, security or status anymore, but a life that extends beyond work, as well. Earlier, it was assumed that work-life balance is their primary objective. However, recent studies reveal that it is more about work-life integration.
Among other things, work-life integration means one has the freedom to pursue matters related to one's personal/family life even while at work; by the same coin, work does no longer end when one leaves the office, but may continue at home.
This kind of holistic integration of two essential life functions that were in previous times vehemently defended as separate is now given a lot of importance by millenials. Most managerial executives from the previous generation would simply laugh at phrases like work-life integration and wonder if such a concept can exist in reality. They would never gather the courage to ask about the company's views on such matters at an interview.
However, today everyone from entry level to senior managerial level executives are intent on being allowed to remain functional on the personal front even while at work. Likewise, married professionals from this group have long since given up the illusion that they can leave their work in the office.
This is, in fact, a hard reality in today's highly connected age of continuous communication and the blurring of time zones. Even after leaving work, employees are expected to keep working. Gone are the days when people left their offices and were not required to do anything until they returned the next morning. The times when weekends meant a complete disconnection from work are lalso long since history.
Millennials know that they have spent their whole life being 'plugged in': at home, school and at work. It is therefore not surprising that they will not tolerate the concerns of their personal lives to be put aside when they enter the office each morning.
Today's workforce is unique in the sense that it has never had to differentiate between work and general life, and that is has learned how to enjoy a complete integration between the two.
As technical innovations are booming and affecting the job market, millenials' job expectations have also evolved. For them, work is about more than mere monetary gain, and is actually representative of what they are and what they want to be. Today's millennials expect work organizations to state the benefits which they would avail from working at their organization.
The compensation packages seem to be less important nowadays, and are more or less considered as threshold offerings (the bare minimum that millennials expect a company to offer). A prospective employer needs to offer it all – good job characteristics, after-work benefits, diversity, collaboration, innovation, advancement opportunities and a good reputation and scope for healthy work-life integration, in addition to a good remuneration package.
Another study by Gutfreund has concluded that:
- 64% of millennial give priority to making the world a better place over anything else
- 72% would like to be their own boss. However, if that this not possible, 79% would like their boss to be more of a mentor
- 74% want flexible schedules
- 88% prefer a collaborative work culture
- 88% will not settle for anything but viable work-life integration.
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