Millennials value work-life balance and family time, and are optimistic about their future, according to a new report published by Universum, the global employer branding consultancy.
- Work-Me Balance: Millennials care more about personal development and work-life balance than money and status. Most define work-life balance as "enough leisure time for my private life", which reflects their desire to have space for personal expression. However, the report also found that the majority of millennials are willing to work hard – 70% said they are willing to shoulder additional work and stress to advance quickly to leadership positions.
- Family First: Millennials from all regions except the Middle East would choose to spend more time with their families. Perhaps surprisingly, working to better society is not a priority for around three-quarters of millennials.
- Optimistic Outlook: Despite stagnating wages and record youth unemployment in many countries, millennials remain optimistic about their future – 71% believe they will enjoy a higher standard of living than their parents. See Millennials: Optimistic & Ambitious for more.
The report was based on a global survey of more than 16,500 millennials in 43 countries. It was produced in collaboration with the Insead Emerging Markets Institute in Singapore and The Head Foundation, a Singapore-based think-tank.
For more millennial insights, see Demystifying Millennials – part of our reporting from The Future of Consumer Intelligence 2014 – and Compressed Calm, which offers strategies to help millennials manage their wellbeing at work.