Millennials are often described as employees who have difficulty accepting a hierarchical structure and who no longer view their salary as the only motivating factor but instead are looking for a sense of accomplishment in their work. The common refrain is that they belong to a generation which is keen to stand out from that of its elders, and which is difficult to pin down.
However, the eleventh edition of the Edenred-Ipsos Well-being at Work barometer, conducted among 14,400 employees in 15 countries (including India for the first time), shows that the behavior and expectations of younger employees are more in line with their older co-workers.
Being more motivated than their elders, their ideal company has attributes which are actually fairly similar to those cited by an older generation.
Results revealed that expectations are quite similar—honesty (same rate of 62% for the under and over 30s), fairness (61% for millennials and 62% for other employees) and their capacity to respect undertakings (59% and 58%) are qualities they seek as a priority in their managers.
Employees of this generation also have more confidence in their future careers within their company (26% "very confident") than their elders (18%). However, younger employees were also more motivated than their elders ten years ago (27% vs. 19% between the two generations).
In fact, in India, 58% of millennials in the study agreed that their motivation at work is increasing with time while only 32% in China, 30% in Brazil, 26% in USA, 19% in Germany and UK and a mere 12% in France believed so.
So overall, millennials stand out little from their elders; a few significant differences by country can be noted but only on certain criteria. The main differences, the study finds, are more cultural than generational.
“WOW! India stands in front in The Edenred-Ipsos barometer on Employee Well-Being at work among 15 countries & 14,400 employees. Really Millennials are beyond generation gaps. The early digital experience of Millennials has probably shaped their behavior, but not to the extent that it radically differentiates them from their elders in terms of their relationship with work. More than a generational confrontation, the key challenge primarily lies in the ability of companies to meet the expectations of their employees in an environment where digital technology plays an increasingly important part in daily life.” Says Johann Vaucanson, Managing Director of Edenred India
About Edenred India
As global leaders and inventors of the Ticket Restaurant meal voucher, Edenred have been in India since 1997.
Edenred is today, the market leader today in innovative digital solutions like Ticket Restaurant Meal Card, Ticket Compliments Gift Card as employee benefit tools and loyalty solutions from Accentiv.
Edenred, today caters to 3500+ corporate across 3500+ cities in India with over 2.5 mn beneficiaries and 29,000+ affiliated merchants.
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