2017 Millennial Survey American Chamber of Commerce, South Africa. May 2017

Transcription

1 2017 Millennial Survey American Chamber of Commerce, South Africa May 2017

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3 Introduction A turbulent 2016-punctuated by terror attacks in Europe, Brexit and fractious US presidential election appears to have rattled Millennials confidence For information, contact Deloitte Touche Tohmatsu Limited. 3

4 Economic, Political and Social Outlook Given recent significant events, it seemed timely to gather the perspectives of millennials on a broad range of issues % balance expecting to be better off / happier than their parents 100% 75% Financially better off Happier 50% 25% 30% 26% 20% 23% 0% -25% -50% South Africa Global -75% -100% 2014 Economy 2015 Economy 2016 Economy 2017 Economy 2017 Economy 26% 22% Education, skills and training Healthcare / disease prevention Figure 1 Figure For information, contact Deloitte Touche Tohmatsu Limited. 4

5 Business as a source of change Global In % of South African millennials say businesses have a positive impact on the wider society in which they operate In 2017 They focus on their own agendas rather than considering the wider They behave in an ethical manner Their leaders are committed to helping improve society 84% of South African millennials say businesses have a positive impact on the wider society in which they operate Figure For information, contact Deloitte Touche Tohmatsu Limited. 5

6 Get Personally Involved Business needs to communicate better and to provide opportunity to engage more in social issues, if millennials are to look more favourably upon businesses corporate responsibility activities 64% of Millennials in South Africa feel enabled to contribute to charities / good causes at work compared with 54% globally For information, contact Deloitte Touche Tohmatsu Limited. 6 Figure 4

7 Increasing Loyalty and a Desire for Loyalty Global South Africa Figure 5 Figure 6

8 Flexible Work Organisations % who would prefer full time vs freelance employment 56% South Africa 65% Global of Millennials would prefer full time / permanent employment 84% of South African millennials report some degree of flexible work in their organisations 43% 31% South Africa Global of Millennials would prefer freelance / consultative employment 39% of South African millennials report to work in flexible work environments For information, contact Deloitte Touche Tohmatsu Limited. Q4. If you had a choice how long would you stay with your current employer before leaving to join a new organisation or do something different? Q35. If you had a choice and assuming that each would earn you a similar amount of money, which of the two options would you prefer? Base: South Africa 200; Global

9 Flexible Work Organisations The greater deployment of flexible working, the greater the impact Figure For information, contact Deloitte Touche Tohmatsu Limited. 9

10 Automation: Threats % % % % see automation posing a threat to their jobs; believe there will be less demand for their skills believe they will have to retain skills see the workplace becoming more impersonal and less human For information, contact Deloitte Touche Tohmatsu Limited. 10

11 Automation Opportunities Perceived opportunities for personal development higher in sectors expecting less impact on job availability Figure For information, contact Deloitte Touche Tohmatsu Limited. 11

12 Questions?

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