Millennials might be called lazy and entitled by HR managers and bosses, but what if they’re just better able to articulate the desperate need for work/life balance that other generations also feel? That’s what a study by PwC concluded. Millennials are more vocal about the need for work/life balance and they desperately want more flexibility. In fact, the study found that 64% of Milllennials want to work occasionally from home and 66% want the ability to shift their work hours. Around 20% of employees would even be willing to forego extra pay and promotions in exchange for working fewer hours.
Millennials, according to the study are just not convinced that working more than 40 hours a week to get a promotion later on will be worth the sacrifice. About 1/3 of Millennials believed that their work demands significantly interfered with their personal lives.
This study fits with anecdotal evidence that Millennials are looking at factors beyond pay to make employment decisions. According to an article in The Guardian, Millennials have seen their parents work extra hours and not really get that much further ahead. They believe that if you spend all your time at work, then you lose your sense of what you’re living for. According to one Millennial interviewed:
‘The idea of moving into the financial world of London and working long hours inside a massive company does not appeal to me,’ said McNeil.
Millennials like McNeil are rebelling against the idea that our lives should be focused around our work. They want their lives to be different and to change the culture of long work hours and always being on call. In one study, doing work that they love was the top priority when choosing a job for Millennials, whereas ‘earning lots of money’ was seventh.
Most Gen Y workers want the opportunity to work from home and have flexible hours. They want the ability to work part-time or job share, the option to take gap years or sabbaticals, more vacation time or unlimited vacation time and the ability to take time off to care for family members. As employers hope to attract and retain Millennials, a generation notorious for moving from one job to another, they will have to adjust their policies to better appeal to them.