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For millennials seeking long-term career stability, the six most important employer traits are a strong ethical compass, environmental sustainability, work-life balance, profitability, a commitment to diversity, and a positive reputation, according to a CNBC All-America Economic Survey. Focusing on these areas can lead to greater job satisfaction and career growth.
A revealing Deloitte international survey found that 75% of millennials believe businesses are overly focused on their own agendas rather than societal improvement. This generation prioritizes employers with a strong social mission. Ethics are not a bonus but a baseline requirement. Vincent Carabeo, a 25-year-old community manager, notes that working for a company "that chooses to... do good in the world" provides daily motivation and enables personal and professional growth. When a company's values align with your own, it transforms a job into a purposeful career.
The CNBC survey indicated a slight preference among millennials for companies with robust environmental sustainability practices. For many, a company's corporate responsibility is a key factor, especially for those passionate about ecological issues. Kelsey Reinke, a 25-year-old cargo agent, emphasizes looking for a company that supports the local environment and community. This reflects a desire to contribute to an organization that considers its long-term impact on the planet, not just its immediate profitability.
Contrary to some stereotypes, millennials value work-life balance at nearly the same rate as other generations—18% compared to 19% of the overall working population. This trait is measured by freedom and flexibility around hours and paid time off. As Haley Smith, a 25-year-old lab assistant, explains, her generation seeks a balance that allows them to have a fulfilling life outside of work. A company that respects this boundary is more likely to retain talent and prevent burnout.
Yes. Like any generation, millennials understand the importance of working for a profitable company with a sustainable business model. Profitability provides job security and opportunities for internal growth. Deloitte's survey also highlights that millennials believe how a company treats its employees is the most significant indicator of true leadership. Employees look for clear structures and a transparent plan for career advancement, wanting to grow with a company that invests in their development.
Millennials actively seek out workplaces that are diverse in culture, gender, and race. This reflects the changing demographics of the workforce, which is now 43% non-white. Diversity is not just a metric but a crucial component of company culture. "For me, an open-minded company culture is crucial," says Reinke, who also values seeing women in positions of power. This is particularly important given that, according to Dennis Nally of PricewaterhouseCoopers, women account for 60% of college graduates but only 3% of leaders worldwide.
A company's reputation is paramount. A Bentley University study found that 95% of millennials say a company’s reputation matters, and 91% weigh its social impact efforts heavily. A strong employer brand signifies that a company is respected not only for its products but also for its positive mission and treatment of employees. As Carabeo states, admiring the company you work for is a significant factor in long-term satisfaction for millennials.
To find your ideal employer, evaluate companies based on their ethical standards, environmental policies, and commitment to work-life balance. Furthermore, assess their financial health, diversity initiatives, and overall reputation in the industry. This holistic approach will help you identify a company where you can build a fulfilling and stable career.
