The Millennial generation is often saddled with the stigma of being lazy, entitled and unused to hard work. But this preconception really doesn’t do justice to the contributions made to society by this generation.
Millennials in the USA may be the first generation that can expect to earn less than their parents, with statistics from T Rowe Price suggesting that 48% of Millennials can expect to work at least part-time during their retirement. Research from Kaplan attempted to pinpoint what makes Millennials happy in the workforce. Younger workers were significantly more likely than their older peers to apply for a “boring” job for better pay and work-life balance (66%).
However, these choices won’t keep them in their jobs for long – research by Udemy found that young Millennials (aged 21-24) are almost twice as likely to be bored at work (38%) than Baby Boomers (22%) and are twice as likely to leave or job hop in the next three to six months.
Udemy’s study found that one way to better motivate Millennial employees was to pay them less but challenge them more. According to Intelligence Group, 64% said they would rather make $40,000 (£32,000) a year at a job they love than $100,000 (£80,000) a year at a job they think is boring.
According to the US News & World Report’s latest figures, there are certain jobs that suit the Millennial generation perfectly. After surveying over 1,000 US employees aged 20 to 34, along with the Occupational Information Network (O*NET), they found the nine highest paying jobs for younger workers – Business Insider reports.