Deloitte Ireland 2017 Millennial Survey
Apprehensive millennials: seeking stability and opportunities in an uncertain world
A turbulent 2016—punctuated by terror attacks in Europe, Brexit, and a contentious US presidential election—appears to have rattled millennials’ confidence.
We’re delighted to present the Irish results from our 2017 global millennial survey. Our global research surveyed almost 8,000 millennials, and with Ireland participating for the first time, 30 countries are now represented. Our ROI perspective is the result of a survey of 200 Irish millennials who were born after 1982 and represent a specific group of this generation: those who have a college or university degree and are employed full-time.
This year’s overarching theme is that of the apprehensive millennial, with our research highlighting an uncertainty about the future and an increased desire for stability. With a turbulent 2016 which has been punctuated by terror attacks in Europe, Brexit and a contentious US presidential election, it is unsurprising that millennials’ confidence is shaken. Our research has found that millennials are less likely to leave the security of their jobs in comparison to previous years, are uncertain about what the future will bring, and are increasingly questioning their personal prospects
• More than half of Irish millennials are confident that the Irish economy will improve in the next year, but remain somewhat pessimistic regarding political and societal progress
• In the current environment, millennials globally appear slightly more loyal to employers than a year ago. In a period of uncertainty, stability is appealing and they would be inclined to turn down offers for freelance or consultative work
• Overall, business is viewed positively however millennials believe it is not fully realising its potential to make an impact on society
• Flexible working is strongly linked to engagement and seen to make a significant contribution to business performance
• Automation is becoming a feature of working environments and is likely to disrupt working practices