Ask more, know more, do more

3 Things Employers Need to Know About Millennials

3 Things Employers Need to Know About Millennials

Millennials & employmentIt’s common knowledge that millennials are tech-savvy, educated, and struggling to achieve financial independence.

And they’ve also earned a reputation for job-hoppingAccording to a recent study by Red Brick Research, more than half (53%) of hiring managers experience difficulty finding and retaining millennials.

The face of employment in America continues to change, and according to the US Bureau of Labor Statisticsmillennials are expected to represent 75% of the workforce by 2030.

So with this stat in mind, we wanted to know—what do young workers value in an employer? How do these working newbies feel about their careers? And what are the implications of these trends for recruiters and hiring managers?

Using SurveyMonkey Audience, we surveyed more than 300 college-educated (and full-time employed) 20-somethings to better understand the future of America’s workforce.

Here’s what we learned.

1. They’re hungry for meaningful work


Above all else, 20-something employees want the opportunity to make a difference, but this desire does not come at the expense of compensation or work-life balance. Today’s young professionals want to have their cake and eat it too.

Market Research Made Easy

Want to run your own market research project at an affordable price? We’ve got millions of people ready to take your survey. Choose from 30+ demographic attributes.

Get Started

2. They’re experiencing professional FOMO

2career anxiety

3quarter-life crisis

More than 80% of working millennials report some level of career anxiety, while nearly half believe they’ve experienced a quarter-life crisis. The data suggests that FOMO (fear of missing out) extends beyond their personal lives and manifests in their careers as FOBO (fear of better options).

3. They’re not loving their jobs

4job satisfaction

Under 30% of 20-something employees self-identified as “very satisfied”. So, how might employers leverage these 3 insights to better attract and retain 20-something talent?

  1. Clearly communicate the company vision and how individual roles fit into the big picture
  2. Routinely discuss career goals and how young employees can achieve them at your company
  3. Actively solicit feedback to understand what changes could increase employee engagement

Competition for 20-something talent is fierce, so understanding what drives them is of the essence. These strategies can help your business gain a competitive edge by keeping them engaged.

What’s your favorite strategy for attracting & retaining young talent? Let us know in the Comments section below.

Interested in reaching your own respondents? Visit SurveyMonkey Audience to get started today!

Get the Survey Writing eGuide

Tags: ,

Leave a Reply

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

Inspired? Create your own survey.

Make your own survey

Sign In

Sign up to get started

PRO Sign Up 
Sign Up FREE

Latest Features

Curious about what we’ve been working on?

View New Features

Get expert survey help

Get expert survey help


Best practices for planning expert surveys

Planning makes writing your survey easy.

Download eGuide

How many responses do you need?

Use our sample size calculator to find out!

Calculate now

Analyze survey data like a pro

Learn to slice and dice data using the Analyze tool.

Download eGuide