Company Announcement - • 91% of Millenials say the opportunity for rapid career progression is one of the most important things about their job
• More than half of employers fail to provide clear guidelines for progression
• Employers use of technology, a social workplace and salary and bonuses were also key factors for Millennials

Original research from Robert Walters into the working habits and attitudes of Millennial (born 1980-1999) professionals has revealed that opportunities for rapid career progression are their top priority at work.

Career progression
The research, which surveyed employers and professionals from a range of fields across South Africa1 revealed that this desire for career progression is central to attracting and retaining Millennial employees, as well as keeping them engaged in their role. 53% of Millennials reported that they had been disappointed by a lack of training and development in a new job and 68% cited a clear path for career progression as the most important factor in keeping employees engaged.

This ambition was not always seen positively by employers however. 69% felt that demand for rapid career progression was the most common cause of intergenerational conflict at work.

Impact of the downturn.
During the economic downturn many Millennials were forced to compromise on job expectations 53% took a lower salary than they had hoped for and 31% took work outside their preferred sector or discipline. This has shaped Millennial attitudes towards their career and as the economic situation improves many are ready to progress to more senior roles with more generous compensation packages.

One in four said that being offered a more generous compensation package elsewhere would be the most likely reason they would change jobs. Millenials place high value on transparency from their employer regarding career progress, with 71% strongly agreeing that employers should make the criteria necessary to achieve promotions or bonuses clear. In contrast, just 40% of employers said that they do this.

Technology in the workplace
Another priority for Millennials professionals was finding an employer who embraced technology, with 53% saying they would be more likely to take a job with an employer who used the same technology that they do themselves. 42% said that employers should always seek to implement the latest technologies even if the cost is high.

A social workplace
Millennials were also shown to value a more social workplace, with 30% saying that a social outing with their colleagues was the most important part of their induction at a new job. 75% of Millennials considered an engaging and fun workplace an important or very important part of their job.

Nic Sephton-Poultney commented:
The research has given us vital insights into the perceptions of Millennial professionals themselves and how they are perceived by their colleagues and employers. Clearly, Millennial professionals are ambitious and are anxious to get their careers back on track in the wake of the recession. This ambition has the potential to be a source of conflict but, if properly engaged with, Millennials can be among the most engaged and energetic employees in an organisation.