Search
Close this search box.

Millennials preferring SMEs to big employers

Millennials – 47 percent – of think SMEs are the ideal business size to work for, more than double the 19 percent who believe larger companies are the ideal size. Comment Iain McMath, CEO, Sodexo Engage.
ethics

Millennials – 47 percent – of think SMEs are the ideal business size to work for, more than double the 19 percent who believe larger companies are the ideal size. Comment Iain McMath, CEO, Sodexo Engage.

The new research from Sodexo Engage surveyed the working preferences of all generations and compared these with their perceptions and expectations of different business sizes. The data shows the benefits most valued by millennials and the perception of these in different business sizes:

Iain McMath, CEO, Sodexo Engage, comments: “The future of our economy depends on SMEs and having a productive workforce. Millennials have captured the interest of academics and business leaders alike, but this is the first time we can definitively say that SMEs are their natural home and in fact, their preference. The results show that the demands of this generation match the expectations of what life in an SME is like. On the other hand, businesses face a reputational challenge to prove that those seeking a friendly company culture and ability to lead a more flexible lifestyle can do so in corporate giants.”

However, the research also showed that millennials are more likely to jump the SME ship after four years of service, whilst commitment to employers of bigger sizes stretches beyond the five year mark. McMath continues: “Although big businesses are having trouble attracting the best candidates, they’re more likely to keep them once through the door.”

He concludes: “SMEs must do more to increase loyalty amongst the workforce if they want to retain the best talent. It can often be harder for employees working for these smaller organisations to see a clear progression path after reaching senior positions, and the added benefits that come with larger employers can be a big draw. However, considering the diversity of today’s workforce, businesses of any size need to ensure that every individual always feels motivated and appreciated.”

Read more

Latest News

Read More

Prioritising employee wellbeing in the era of rising business travel

24 May 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

Develop & implement HR strategies that align with the company’s and division’s objectives, with particular focus on growth through strategic people planning.From JamesFisher – Fri,

Chair the Independent Remuneration Review Group (IRRG), responsible for the annual review of the remuneration for non-executive directors, including the chair… £58,972 – £68,525 a

You will balance the long term strategy with a deep relationship with our schools, supporting schools to mitigate risk and bring about transformational impact. £49,498

London with travel to group offices. The Head of Talent Management is responsible for designing, leading, and implementing an integrated talent strategy that…From JamesFisher –

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE