NEW YORK, April 11, 2017 /PRNewswire/ -- New research by Fit Small Business reveals many misconceptions around what millennials want in the workplace. Over 600 Americans aged 18-65+ were surveyed about what they prioritize when looking for their ideal job. The study was undertaken in March 2017.
The study posed questions such as "Which benefits are most important to you?" and "What characteristics of your boss would make you consider changing your job?". Millennials now comprise 35% of the workforce and counting. Understanding their priorities is vital for anyone seeking to hire and retain the best talent.
The findings showed that many of the preconceptions about millennials in the workplace are not accurate:
- Millennials don't want an equity stake in their company or Facebook HQ-style perks: Healthcare across all generations is the most important benefit a company can offer. 34% of millennials selected healthcare as their top priority, with only 5% wanting an equity stake, and 7% looking for perks;
- Millennials are willing to travel for the right job: When asked "How much shorter of a commute would make you consider changing a job?", 43% answered that they don't care how long they have to travel;
- Millennials take criticism better than other demographics: Only 17.6% of millennials chose having a mean boss as the top reason that they would leave their job. This compares to 19.3% of people ages 35+.
Previous research has shown that work-life balance is important for millennials and that many are not interested in C-Suite positions in the companies they work for. This new study sheds light on their relationship with management and what they look for when they're changing jobs.
Christy Hopkins, HR Expert at Fit Small Business, commented on the study: "When you're taking on a new hire, you are pitching your company to them as much as the candidate is pitching themselves to you. This research lends itself to companies who are taking on millennials helping them to gain a greater understanding of what is the best way to get them on board. Flexibility is a company's strength and being able to speak to the needs of different demographics can only lead to a successful team and business."
For further information, please contact:
Katie Biggs, Public Relations and Communications
Office: +1 718-709-4697
Cell: +1 702-800-1541
Fit Small Business: Launched in 2013 by Marc Prosser and David Waring, Fit Small Business is an educational website, helping small business owners navigate the questions and difficulties that arise when running a business. Their expert writers cover topics ranging from small business financing to managing employees to finding customers and building relationships. With over a million readers every month, Fit Small Business is an invaluable resource for starting and growing a small business.
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SOURCE Fit Small Business