LINCOLNSHIRE, Ill.,
Feb. 10, 2015 /PRNewswire/ -- At a
time when employers are looking to attract and retain talent, new
survey data from Aon Hewitt, the global talent, retirement and
health solutions business of Aon plc (NYSE: AON), shows that
43 percent of Millennials plan to actively look for a new job in
2015.
According to Aon Hewitt,
Millennials feel that what they value in an organization is
different than the priorities of their current workplace. Most
employees believe their employers' current values focus on more
organizational-oriented themes, including teamwork, profit and
customer satisfaction. When asked what qualities are the most
desirable in an organization, Millennials cited more
relationship-oriented values, including work/home balance, employee
recognition, loyalty and respect. Other values with large
perception gaps between current and desired include open
communication, professional growth, fairness, humor/fun, clarity,
and well-being (physical/emotional/mental/spiritual).
"It's not surprising that employees in their mid-twenties and
thirties are more likely to job hop as they look to advance their
careers and improve their pay and benefits," said Ray Baumruk, employee research leader,
Aon Hewitt. "However, our research
shows there is a clear disconnect between what Millennials expect
and desire from employers, and what their employers are actually
offering. This gap is negatively impacting the engagement and
retention of this generation, and may be one of the primary reasons
why Millennials will be looking for new opportunities in 2015."
Aon Hewitt recommends that
employers clearly define their employment value proposition,
emphasizing the most compelling and differentiating features of the
organization. It's important to focus on the areas that really
matter to Millennials, like offering career development
opportunities and a flexible work environment. Using this insight
will help deliver a better employment experience, attract new
employees and retain top talent, drive higher levels of engagement
and improve business performance.
When asked to rank what specific areas they would most like to
see improved in their current workplace to increase their overall
engagement or satisfaction, the top responses among Millennials
were:
- Pay and benefits (51 percent)
- Good career or development opportunities (39 percent)
- Performance recognition (38 percent)
- Open/complete communication (34 percent)
- Flexible work environment (33 percent)
- Fun (30 percent)
- Having a strong management and leadership team (30
percent)
"Beyond wanting competitive pay and benefits, Millennials expect
to feel appreciated for their efforts, see opportunities to
advance, be more empowered in the workplace, and also have the
flexibility to balance their lives at work and home," said
Pam Hein, partner, Communication
Consulting, Aon Hewitt. "Younger
employees want to work in an environment where information flows
freely and authentically and where people know they can count on
one another. The data show there is a significant opportunity for
employers to offer a more unique and compelling work experience
that will match what Millennials want, and in turn increase
retention long-term."
Aon Hewitt's Inside the
Employee Mindset™ study surveyed more than 2,500 U.S. employees
working at companies with a least 1,000 people to determine their
perspectives and attitudes about their employment
experience―including values and culture, work environment,
engagement, total rewards and communication. The survey examined
the differences of employee preferences and expectations across
generations, including Millennials, Gen Xers and Baby
Boomers.
Learn more about the Inside the Employee Mindset™ study
at aon.com/employeemindset.
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About Aon Hewitt
Aon Hewitt empowers organizations
and individuals to secure a better future through innovative
talent, retirement and health solutions. We advise, design and
execute a wide range of solutions that enable clients to cultivate
talent to drive organizational and personal performance and growth,
navigate retirement risk while providing new levels of financial
security, and redefine health solutions for greater choice,
affordability and wellness. Aon Hewitt is the global leader in
human resource solutions, with over 30,000 professionals in 90
countries serving more than 20,000 clients worldwide. For
more information on Aon Hewitt,
please visit www.aonhewitt.com.
About Aon
Aon plc (NYSE:AON) is a leading global
provider of risk management, insurance and reinsurance brokerage,
and human resources solutions and outsourcing services. Through its
more than 66,000 colleagues worldwide, Aon unites to empower
results for clients in over 120 countries via innovative and
effective risk and people solutions and through industry-leading
global resources and technical expertise. Aon has been named
repeatedly as the world's best broker, best insurance intermediary,
best reinsurance intermediary, best captives manager, and best
employee benefits consulting firm by multiple industry sources.
Visit aon.com for more information on Aon and
aon.com/manchesterunited to learn about Aon's global partnership
with Manchester United.
Media Contact:
Roxanne
Pipitone, 847-442-1317, roxanne.pipitone@aonhewitt.com
Maurissa Kanter, 847-442-0952,
maurissa.kanter@aonhewitt.com
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