Transcript of Unleashing the "M" Factor: New Research on What Millennials Want at Work.
- 1. #SAWLIVE
- 2. #SAWLIVE AGENDA Why Millennials? Old Perspectives vs.
Current Survey Data Loyalty Entitlement Benefits Education Insights
From MasterCard 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC2
- 3. #SAWLIVE MASTERCARD Janice Burns, Chief Learning Officer
2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC3
- 4. #SAWLIVE BEST PLACETO WORK #32 Forbes Most Innovative
Companies (2014) #65 Training Top 125 #28 Fortune Magazine Top
People in Business Ajay Banga, CEO (2014) SSON Excellence in
Improvement and Innovation Award Working Mothers 100 Best Companies
to Work For 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC4
- 5. #SAWLIVE PARTNERSHIP WITH BRIGHT HORIZONS Back-Up Care
Advantage Bright Horizons Child Care Tuition Subsidies Bright
Horizons Care Direct Special Needs College Coach EdAssist 2015
BRIGHT HORIZONS FAMILY SOLUTIONS LLC5
- 6. 2015 Bright Horizons Family SOLUTIONS LLC WHY MILLENNIALS?
6
- 7. #SAWLIVE MILLENNIALS INTHE WORKFORCE 2015 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC 66% 34% 2014 Other Generations Millennials 54%
46% 2020 7
- 8. #SAWLIVE MASTERCARD 10% 38% 0 10 20 30 40 2005 2015
Percentage Millennials 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC
10,000 employees 80 locations worldwide 210 countries 8
- 9. #SAWLIVE COMMITMENTTO RESEARCH 2015 BRIGHT HORIZONS FAMILY
SOLUTIONS LLC9
- 10. #SAWLIVE EDASSIST 2015 MILLENNIALS SURVEY 1,048 nationally
representative Americans Ages 18-35 Margin of Error: +/- 3%
Conducted Feb. 10-17, 2015, by Kelton Research using e-mail
invitation and online survey 2015 BRIGHT HORIZONS FAMILY SOLUTIONS
LLC10
- 11. #SAWLIVE THE EVOLUTION OF MILLENNIAL RESEARCH 2015 BRIGHT
HORIZONS FAMILY SOLUTIONS LLC 1. LOYALTY 11
- 12. #SAWLIVE THE EVOLUTION OF MILLENNIAL RESEARCH 2015 BRIGHT
HORIZONS FAMILY SOLUTIONS LLC 1. LOYALTY 2. ENTITLEMENT 3. BENEFITS
4. EDUCATION 12
- 13. 1. LOYALTY 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC13
- 14. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC What
percentage of Millennials believe that to advance professionally,
they need to job hop? A. 100% B. 85% C. 50% D. 15% THE MILLENNIAL
MINDSET 14
- 15. #SAWLIVE OLD PERCEPTION MILLENNIALS ARE NOT LOYALTO
EMPLOYERS Millennials are thought to be a generation who are more
apt to move from one opportunity to the next, and employers are
having a hard time retaining these workers. 2015 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC Business Insider, September 17, 2012 15
- 16. #SAWLIVE 2015 EdAssist Survey Though theyre eager to climb
the corporate ladder, Millennials dont equate job hopping with
success. 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC16
- 17. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC 70%
believe their careers would benefit more if they stayed at one
company 80% say it would help them make more money 51% say they
would stay at their current job for four years or more MILLENNIALS
PLEDGETHEIR ALLEGIANCE TOTHE RIGHT EMPLOYERS 17
- 18. #SAWLIVE JOB HOPPING SUCCESS 2015 BRIGHT HORIZONS FAMILY
SOLUTIONS LLC18
- 19. #SAWLIVE MILLENNIALS PLEDGETHEIR ALLEGIANCE TOTHE RIGHT
EMPLOYERS 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC19
- 20. 2. ENTITLEMENT
- 21. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC What
percentage of Millennials feel that they can reach the highest
level possible in their careers on their own merits alone (by
paying their dues)? A. 100% B. 80% C. 50% D. 20% THE MILLENNIAL
MINDSET 21
- 22. #SAWLIVE 71% of American adults think of 18-to-29-year-
olds Millennials, basically as selfish, and 65% of us think of them
as entitled. -TIME, May 2013 2015 BRIGHT HORIZONS FAMILY SOLUTIONS
LLC OLD PERCEPTION THETROPHY GENERATION 22
- 23. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC 2015
EdAssist Survey: Millennials are willing to work and pay their
dues. 23
- 24. #SAWLIVE WILLINGTO PAY THEIR DUES 80% of Millennials want
to achieve the highest level possible during their careers on their
own 16% expect to be promoted on a regular basis
(18-to-24-year-olds) 10% expect to be given an annual bonus
regardless of performance 2015 BRIGHT HORIZONS FAMILY SOLUTIONS
LLC24
- 25. #SAWLIVE PROFESSIONAL DEVELOPMENT 2015 BRIGHT HORIZONS
FAMILY SOLUTIONS LLC25
- 26. #SAWLIVE WILLINGTO WORK 2015 BRIGHT HORIZONS FAMILY
SOLUTIONS LLC Women prioritize a clear career path more than men do
Women more apt to expect employer to provide specific job
description (69% vs. 49%) 26
- 27. 3. BENEFITS 2015 BRIGHT HORIZONS FAMILY SOLUTIONS
LLC27
- 28. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC What
benefit or perk is the top priority for Millennials? THE MILLENNIAL
MINDSET A. Retirement Savings Plan B. Company Equity C. Phone
Reimbursement D. Commuter Benefits 28
- 29. #SAWLIVE Millennials have a different set of values than
other generations regarding benefits: Millennials value perks over
benefits. 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC - Payscale.com,
2014 Generation X: 100% work from home, paid Internet access at
home, and paid sabbaticals Boomers: defined benefit retirement
plans, private medical insurance, and company car OLD PERCEPTION
PERKSVS. BENEFITS Millennials: bus passes, paid overtime, and pet
healthcare plans 29
- 30. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC 2015
EdAssist Survey: Already focused on saving for retirement,
Millennials may be more responsible than we think. 30
- 31. #SAWLIVE FINANCIAL SECURITY IMPORTANTTO MILLENNIALS 2015
BRIGHT HORIZONS FAMILY SOLUTIONS LLC 71% of Millennials care about
retirement savings 33% expect employer to help repay existing
student loans 50% expect financial support in paying fur further
education Interest in saving for retirement is more acute for women
31
- 32. 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC 4. EDUCATION4.
EDUCATION 32
- 33. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC What
percentage of Millennials would pick a job with strong potential
for professional development over one with regular pay raises? A.
5% B. 25% C. 60% D. 75% THE MILLENNIAL MINDSET 33
- 34. #SAWLIVE Millennials believe that work-life balance drives
their career choices. - U.S. Chamber Foundation, 2012 2015 BRIGHT
HORIZONS FAMILY SOLUTIONS LLC34 OLD PERCEPTION
- 35. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC 2015
EdAssist Survey: Todays Millennials want to keep learning long
after getting a college degree. 35
- 36. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC
EDUCATION AND TRAINING 36
- 37. #SAWLIVE 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC
EDUCATION AND TRAINING 37
- 38. #SAWLIVE LEARNING ANYWHERE, AT ANYTIME Innovation labs
Peer-to-peer learning Reverse mentoring Social learning platform
2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC38
- 39. #SAWLIVE TUITION ASSISTANCE AT MASTERCARD ROI, analytics,
and reporting spend smartly Trends in education and employee
learning certifications Centralized, global approach to tuition
assistance Education plans, fairs, and easy access to advisors to
support employee career goals Online MBA program through
Northeastern University 2015 BRIGHT HORIZONS FAMILY SOLUTIONS
LLC
- 40. #SAWLIVE MILLENNIALS Eager to learn, grow, and build their
careers Desire clear career pathways Prefer competitive benefits
that will provide financial security Willing to sacrifice personal
time for learning opportunities 2015 BRIGHT HORIZONS FAMILY
SOLUTIONS LLC
- 41. #SAWLIVE QUESTIONS & ANSWERS Janice Burns Chief
Learning Officer MasterCard Mark Ward Vice President & General
Manager EdAssist, a Bright Horizons Family of Solutions
mward@edassist.com 2015 BRIGHT HORIZONS FAMILY SOLUTIONS LLC41
- 42. #SAWLIVE SOLUTIONS AT WORK LIVE & WEBINAR EVENTS
Solutions atWork LIVE Even if you missed this years annual
invitation-only conference for leading employers, you can still
access some of the thought leadership our attendees received this
year. solutionsatwork.brighthorizons.com/saw-live Dont miss the
next Solutions at Work webinar June 11 Employee Financial Wellness:
Your $1Trillion Problem Bright Horizons and Neuberger Berman will
discuss innovative approaches to addressing employee financial
wellness challenges. SIGN UP to hear about upcoming Solutions at
Work live & webinars events brighthorizons.com/newsletter 2015
BRIGHT HORIZONS FAMILY SOLUTIONS LLC42
- 43. #SAWLIVE info@edassist.com| 877-933-7733 Solutions atWork
Website | Blog |YouTube | Twitter | LinkedIn | Sign up at
www.brighthorizons.com/newsletter to hear about upcoming Solutions
atWork webinars and live events 2015 BRIGHT HORIZONS FAMILY
SOLUTIONS LLC43