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Work-life balance, productivity, and happiness: how millennials are shaping today’s workplaces
Although millennial workers may express some concerns about future job security, they are nonetheless proving themselves to be hardworking, ambitious, and committed to making a positive impact on their workplaces and broader society.
Here are some of the ways millennials are shaping modern workplaces in terms of work-life balance, productivity, and happiness.
Success equals a healthy work-life balance
A recent study by PwC found that 95% of millennial workers consider a good work-life balance to be important. In fact, for younger workers, success and satisfaction are based on being trusted to work when and how they like and having the opportunity to seek out new life experiences – both of which require a balance between work life and personal life.
Despite this, more than a quarter of millennials state that their experience of working life has not lived up to expectations regarding work-life balance. Employers should, therefore, focus on creating a realistic picture of business during the recruitment process to avoid being faced with disengaged employees. Jobseekers should also consider prioritising organisations where they will be recognised for their efforts and results achieved, rather than simply the number of hours worked.
Career development is more important than a big salary
Having access to learning and development opportunities is the top priority for millennials in the workplace. 52% of respondents in the same PwC survey said that career progression was the most important consideration when looking for a job, ahead of a competitive salary (44%). Likewise, millennials derive satisfaction from face-to-face training such as mentoring and on-the-job training.
However, millennials don’t just want to “climb the ladder”. Instead, they want to progress to a point where they feel that the work they do is important. With this in mind, businesses and employees should prioritise a company’s values during the recruitment process.
Flexible work practices lead to greater productivity
Being able to work flexibly is highly important to millennials, who consider it to be the second-most important benefit an employer can offer (behind training and development opportunities). Likewise, millennials also want to work for companies where they can utilise technology to work from anywhere, at any time.
Workplace flexibility is beneficial for businesses as well as employees. A millennial survey by Deloitte found that workers at companies that allow flexible working conditions are more likely to stay with the company longer. They are also twice as likely to believe it positively impacts organisational and financial performance and individual well-being than those who don’t. As such, it’s clear that entrusting employees to work flexibly has a positive impact on satisfaction and productivity.
Millennials want to contribute to a “good cause”
The same survey by Deloitte also found that taking part in charitable activities in the workplace helps millennials feel empowered and engaged, and able to influence business.
While charitable causes are highly valued, only 54% of younger workers say their employers give them the opportunity to take part in one. This is something to consider for both employers at an organisational level and employees during their job search because feeling empowered and engaged ultimately leads to a happier, more productive workforce.
Are you looking for a new job that offers flexibility, autonomy, and valuable experience? Speak to our recruitment specialists about your job search.