Millennial Work-Life Balance
Maintaining a good work-life balance is getting harder for millennials, according to a new survey from global consultancy Ernst & Young.
The survey, which questioned nearly 10,000 workers across eight countries including the US, UK, India, China and Mexico, revealed that almost half of millennials said their working hours had increased over the last five years, compared to 38% of Gen X and 28% of baby boomers.
The survey found that millennials greatly value workplace flexibility: 74% said one of the most attractive elements of a potential job was the ability to work flexibly and still be on track for promotion. In fact, lack of workplace flexibility (such as the ability to work from home) was cited as one of the top reasons why millennials would leave their jobs.
This sentiment continues among older millennials looking to start a family. Nearly 40% of young workers in the US said they would consider moving abroad to get better-paid parental leave, while 59% said work flexibility was among the most important considerations when deciding whether to have children.
Demand for co-working communities, luxury hostels and ultra-portable products is spiking as growing numbers of young workers swap the nine-to-five lifestyle for flexible, nomadic careers – see Digital Nomads for more.