Younger workers have higher expectations than older generations, with younger workers wanting more help. More than half (55 per cent) of Baby Boomers in the UK agreed that “I am responsible for managing the increasing cost of living”, compared to only a quarter (26 per cent) of under-35s.
Contributor: Brooke Vandenberg, recruitment correspondent | Published: 16 December 2022
Young workers to drive £1.3 trillion in corporate profits
Contributor: Donna Kimmel, Executive Vice President ,Chief People Officer - Citrix. | Published: 30 May 2021
“Making sure that managers understand what motivates workers from different generations, how they like to communicate, and identifying common sources of conflict is essential to creating a strong team of varied generations and diversity of opinions.”
Contributor: Chirs Hickey | Published: 19 February 2019
The poll of more than 2,000 UK workers found that 28 percent of people aged between 18-34 have already had more than five jobs. The average millennial has already had 3.4 jobs, compared to 5.9 for those in the 55+ age bracket.
Contributor: Ben Chatfield | Published: 24 January 2019
Millennials are currently big news for the recruitment industry - they have become the largest generation in the workforce. Millennials also prioritise job security above all else and are moving jobs less frequently than the generation before them. With unemployment at an all-time low, now is the time for recruiters to change tactics.
Contributor: Don Byrne | Published: 15 October 2018
Millennials are twice as likely to stress over money than their Baby Boomers parents, research has revealed. Financial circumstances have been cited as the biggest cause of stress by 38% of employees – with almost half (47%) of millennials saying it was their number one source for stress, but only a quarter (24%) of Baby Boomers agreeing.
Contributor: Mike Blake | Published: 5 October 2018
There are calls for a fundamental review of save as you earn and share incentive plans to ensure younger generations don’t miss out. Research shows that Millennials (16 – 37 year olds) often don’t take advantage of share schemes because they think the schemes are outdated, inflexible and unaffordable.
Contributor: Gabbi Stopp | Published: 25 January 2018
Millennial workers* are saving £3,445 per year on average compared to £3,073 by those aged 35-54; 44% think the savings landscape is confusing and that they need guidance.
Contributor: Close Brothers and the Pensions and Lifetime Savings Association (PLSA) | Published: 27 December 2017