Millennials (born 1981 to 1996) and Generation Zs (born after 1997) now make up over half of the workforce. They have different priorities to generations before them and development both personally and professionally is important to them. They tend to prefer experiences over material things, and have a desire to continue learning throughout their lives.
Making time for travel
Young people today are traveling more often and further afield than ever before. An annual two-week break lying by a pool in the Costa del Sol is a thing of the past, and now young people are mixing short city breaks with long-haul travel.
Millennials see time abroad as a life experience. They’ll take opportunities to enrich their personal experience whether it means taking an overseas assignment, leaving work to travel, or putting it off altogether, taking time to see the world, or starting an entirely new job in a new country.
A study by PWC reported that 80% of millennials they spoke to said that they wanted to work abroad, which is something that many businesses will need to adjust to and accommodate in the coming years.
There are many benefits of living and working abroad. From learning a new language, to experiencing a different culture – millennials are picking up skills that are valuable to employers. Not to mention the human connections they’re making all around the world – travel takes us out of our comfort zone and builds our confidence.
How does the millennial state of mind translate into the world of work?
Although most millennials work in full-time positions, the idea of a clear cut 9-5 is fading. Work and home life is merging together as they forge lives that cater for both at the same time.
Millennials expect flexibility and the ability to work remotely from their employers, allowing them to fit work in with the other commitments in their lives, and they’re much more prepared to move on if the work, or their employer, isn’t as flexible as they need them to be. Some employees are even travelling while working at the same time. According to a survey by Buffer, 44% of remote workers travel between one week and one month a year while working and only 7% never travel while working at all.
The emergence of technology and the way it’s shaping business in all industries has meant that jobs are available now that just didn’t exist a decade or two ago. This has allowed millennials to take up work that they enjoy and find enriching, often turning their hobbies into careers. They’re driven by personal development, and this has led to ‘career waves’, rather than a career ladder.
The idea of career waves fits in well with the millennial drive for travel. They ‘re embracing challenges and are happy being outside their comfort zones. Businesses can harness this confidence and sense of adventure when choosing candidates for assignments.