Deloitte: Are businesses and Governments meeting Generation Y’s demands and expectations?DOWNLOAD
16 February, 2014– Big demands and high expectations summarize the results of this year’s Deloitte third annual Millennial Survey just released. Across the globe, 70 percent of tomorrow’s future leaders might ‘reject’ what business as traditionally organized has to offer, preferring to work independently through digital means in the future. This and other findings in Deloitte’s annual study of Generation Y point to significant challenges facing business leaders if they are to meet the expectations of the Millennial generation.
Millennials, who are already emerging as leaders in technology and other industries and will comprise 75 percent of the global workforce by 2025, want to work for organizations that foster innovative thinking, develop their skills, and wish to see them make a positive contribution to society. The study also reveals that Millennials believe businesses are not currently doing as much as they could to develop their leadership skills and that they need to nurture their future leaders, especially as they cannot count on them biding their time until senior positions arise.
“To attract and retain talent, business needs to show Millennials it is innovative and in tune with their world view,” said Rana Ghandour Salhab, talent and communications partner at Deloitte Middle East. “Society globally faces many critical issues and it has become clear no sector should ‘go at it alone.’ By working together and combining their different skills, business, governments and non-government organizations (NGOs) have an opportunity to reignite the Millennial generation and make real progress in solving society’s problems.”
Other key findings from the survey include:
“It is clear that Millennials want to innovate and businesses should be listening,” said Salhab. “Fostering a culture of innovation will not only help retain high-performing talent but it will also drive growth by creating opportunities for individuals to unlock the next game-changing innovations.”
To download the full report please visit: http://bit.ly/NIP1JK
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