According to a new report from the leading provider of employee benefit and incentive strategies, Edenred, more than half of the 3,500 millennial workers surveyed claim that ‘reward for effort’ from their employers in the workplace is a top priority.
In association with the research firm, Ipsos, the ‘Edenred-Ipsos 2016 barometer’ report, which overall collected responses from 14,400 employees located in 15 countries, also indicated that attaining the ideal work-life balance was also a concern for 28 per cent of millennials; as well as 26 per cent agreeing that their overall motivation at work is increasing – in comparison to 15 per cent of respondents over the age of 30.
Sales and marketing director at Edenred UK, Andy Philpott, said: “With high expectations for employer support, recognition and reward across all generations, there is no substitute to developing an in-depth understanding of what it takes to motivate and reward your people to ensure they perform at their best for your business. It is therefore imperative that managers have access to the right tools and solutions to continue to develop their leadership skills in this area.”
Furthermore, 31 per cent of Chinese millennials place a high-value on work flexibility, compared to 19 per cent of over 30’s in the same region; and 40 per cent of Brazilian millennials cite satisfactory working conditions as a crucial element in deciding which company to work for, compared to 32 per cent of over 30’s.
Read more on the research here