Global Millennial & Gen Z Survey 2022 | Deloitte Insights
Deloitte Global Millennial Survey is an annual report that provides insights into the mindset and behavior of the younger generation—millennials and Gen Z. These two generations make up the largest population demographic—they are becoming increasingly important to the economy and the future of work. Understanding their attitudes and behaviors is essential for businesses, policymakers, and other stakeholders to adapt and cater to their needs. In this article, we will explore the key findings of the Deloitte Global Millennial Survey 2021.
The survey is conducted by Deloitte, a multinational professional services firm, and covers a wide range of topics, including work, education, technology, politics, and social issues. The survey typically includes responses from over 18,000 millennials and Gen Zs across 43 countries, making it one of the most comprehensive surveys of its kind.
Top Concerns of Millennials and Gen Zs
The survey found that climate change is the top concern for millennials and Gen Zs worldwide, with 51% of respondents citing it as their top concern. This finding is not surprising, given the increased awareness and attention to climate change in recent years. However, it is notable that millennials and Gen Zs are more concerned about climate change than any other generation—this suggests that they are likely to be more supportive of policies and actions that address climate change.
Mental health is also a growing concern for millennials and Gen Zs, with 53% saying that they have experienced anxiety or depression in the past year. This finding is concerning, as it suggests that mental health is a significant issue that needs to be addressed. Employers, policymakers, and other stakeholders should take steps to support the mental health of this demographic.
Work-Life Balance and Flexibility
Work is an integral part of millennial’s and Gen Z’s lives, but they also prioritize work-life balance and flexibility. For example, 57% of respondents said they would choose a job with a better work-life balance over a higher salary. This finding is consistent with previous surveys, which have shown that millennials and Gen Zs prioritize work-life balance and flexibility more than previous generations.
The survey also found that remote work is becoming more popular among millennials and Gen Zs, with 74% saying that they prefer a hybrid or fully remote work arrangement. This finding is not surprising given the impact of the COVID-19 pandemic, which has forced many people to work from home. However, it is notable that millennials and Gen Zs are more likely to want to work remotely than previous generations—this suggests that remote work is expected to become more common in the future.
Social and Environmental Issues
Millennials and Gen Zs are increasingly interested in social and environmental issues and want to work for companies that share their values. 70% of respondents said that they would be more likely to work for a company that prioritizes environmental sustainability, and 64% said that they could work for a company that actively supports social causes.
This finding is consistent with previous surveys, which have shown that millennials and Gen Zs are more likely to be socially and environmentally conscious than previous generations—this suggests that companies that prioritize social and environmental issues are likely to be more attractive to this demographic.
Education and Skills
The survey also explored millennials’ and Gen Zs’ attitudes toward education and skills. The survey found that 60% of respondents believe their formal education did not adequately prepare them for the workforce. This finding is concerning, as it suggests that the education system may not adequately prepare young people for the future of work.
The survey also found that millennials and Gen Zs value lifelong learning and are willing to invest in their education and skills. For example, 71% of respondents said that they would be willing to pay for additional education or training to improve their job prospects. This suggests that employers and policymakers should invest in upskilling and reskilling programs to help young people develop the skills they need for the future of work.
The survey also explored millennials’ and Gen Zs’ attitudes toward politics. The survey found that only 31% of respondents trust their governments to do what is right, which is concerning. This suggests that young people are disillusioned with the political system and may be less likely to engage in politics in the future.
However, the survey also found that millennials and Gen Zs are interested in political issues and willing to act to make a difference. For example, 58% of respondents said that they had taken action to support a political or social cause in the past year. This suggests that young people may more likely engage in politics through non-traditional means, such as activism and social media.
The Deloitte Global Millennial Survey provides valuable insights into the attitudes and behaviors of the younger generation—millennials and Gen Z. The survey highlights the importance of issues such as climate change, mental health, work-life balance, social and environmental issues, education and skills, and political attitudes to this demographic. Understanding these issues is essential for businesses, policymakers, and other stakeholders to adapt and cater to the needs of this critical demographic.
The survey also suggests that millennials and Gen Zs are more socially and environmentally conscious than previous generations and are more interested in non-traditional means of engaging in politics. This indicates that companies and policymakers that prioritize social and environmental issues and engage with young people through social media and activism will likely be more successful in engaging with this demographic.
Overall, the Deloitte Global Millennial Survey provides valuable insights into the mindset and behavior of the younger generation – millennials and Gen Z. Businesses, policymakers, and other stakeholders can use these insights to better understand and engage with this important demographic and adapt to the changing demands of the future of work.
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