What Do Millennials Desire For? A Study of Expectations From Workplace

Abstract

The study focuses on understanding the expectations of millennials from the organization with respect to performance management, working style, norms and culture. Managing millennials has always been a concern for organizations due to high expectations with respect to flexible working hours, rewards and autonomy at work. They are smart and want to leave their footprint at work. Attracting the millennials for their job is really easy. The difficult part starts when they start working in organization. The expectations of the millennials are completely different from that of the baby boomers with respect to employment experience. Millennials prefer to work on projects which test their intelligence levels and seek challenges. At the same time, they want to travel, explore the world and maintain a good work life balance. Data was collected in the form of checklist of general expectations that millennials have from the organization. Data is captured from 80 post graduate management students who would be entering the workforce as millennials. Eighteen parameters were identified and the millennials ranked their preferences from the expectations. The top five expectations identified in the study are good salary and perks, job security, five day working, work life balance & recognition and appreciation and challenging roles in job & allowed to be innovative. This study will help the organizations to understand the mindset of the new generation coming to work so that their potential can be best utilized. It will also help the organizations to create a workplace environment which best suits the millennials.