Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  General, Research

Social Demands From World’s Future Workforce


Wednesday, 29th January 2014 at 12:21 am
Staff Reporter, Journalist
Socially conscious millennials are demanding a business sector that addresses society’s challenges and embraces ethical operations, new global research suggests.

Wednesday, 29th January 2014
at 12:21 am
Staff Reporter, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Social Demands From World’s Future Workforce
Wednesday, 29th January 2014 at 12:21 am

Socially conscious millennials are demanding a business sector that addresses society’s challenges and embraces ethical operations, new global research suggests.

Data company Deloitte’s third annual Millennial Survey reveals that the world’s future workforce believes the success of a business should be measured in terms of more than just its financial performance, with a focus on improving society among the top priorities, while half of millennials want to work for a business with ethical practices.

And while most millennials (74 per cent) also believe business is having a positive impact on society by generating jobs (48 per cent) and increasing prosperity (71 percent), they also flag that business can do much more to address society’s challenges including resource scarcity (68 per cent), climate change (65 per cent) and income equality (64 per cent).

Also referred to as Generation Y and born January 1983 onwards, millennials are expected to make up 75 percent of the global workforce by 2025.

According to the research, millennials are characterised by their charitability and interest in public participation. Some 63 per cent of Millennials donate to charities, 43 per cent actively volunteer or are a member of a community organisation, and 52 per cent have signed petitions.

“To attract and retain talent business needs to show Millennials it is innovative and in tune with their world view,” Barry Salzberg, CEO of Deloitte Touche Tohmatsu Limited said.  

“Our society – globally – faces many critical issues and it has become clear no sector should ‘go it alone.’ By working together and combining their different skills, business, governments and non-government organisations (NGOs) have an opportunity to reignite the Millennial generation and make real progress in solving society’s problems.”

The survey included nearly 7,800 Millennials from 28 countries across Western Europe, North America, Latin America, BRICS and Asia-Pacific.

Other key findings included:

  • Millennials want to work for organisations that support innovation. 78 per cent of Millennials are influenced by how innovative a company is when deciding if they want to work there.

  • Organisations must nurture emerging leaders. Over one in four Millennials are ‘asking for a chance’ to show their leadership skills. Additionally, 75 percent believe their organisations could do more to develop future leaders.

  • Across the globe, 70 percent of tomorrow’s future leaders might ‘reject’ what business as traditionally organised has to offer, preferring to work independently through digital means in the future.

  • Government is not doing enough. Almost half feel governments are having a negative impact on areas identified as among the top challenges: unemployment (47 percent), resource scarcity (43 percent), and income inequality (56 percent).

Read the full report here.

 


Staff Reporter  |  Journalist |  @ProBonoNews


FEATURED SUPPLIERS


...


Yes we’re lawyers, but we do a lot more....

Moores

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

More Suppliers


YOU MAY ALSO LIKE

LGBTQ Philanthropy is Growing Yet Under Attack

Wendy Williams

Thursday, 23rd November 2017 at 8:39 am

Are Millennials Really as Selfish as Everyone Says? The Stats Are In

Contributor

Thursday, 16th November 2017 at 8:00 am

World’s Biggest Mining Company Sides with Enviro Groups in Advocacy Standoff

Wendy Williams

Thursday, 9th November 2017 at 12:55 pm

The Impact Compass

Lina Caneva

Wednesday, 8th November 2017 at 4:52 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!