Industry & Business

Money and progress critical for ambitious Irish millennials

 Breaking News
  • Neueda Technologies Establishing a Software Engineering Hub in Athlone Neueda Technologies, a privately-owned IT Training, development and consulting services company headquartered in Belfast, is establishing a Software Engineering Hub in Athlone, Co. Westmeath, employing 200 staff over four years. The project is supported by the Irish Government through IDA Ireland. The company will undertake software development services for global telecommunications and financial services clients at [...]...
  • Progress at Last! – British Irish Chamber Welcomes UK White Paper on Brexit The British Irish Chamber of Commerce has welcomed the publication of the white paper on Brexit by the UK Government but has called for a full agreement on services to be sought.   Commenting after the publication of the white paper, John McGrane, the Director-General of the British Irish Chamber of Commerce, said: “At last we [...]...
  • Fexco to Create 175 New Jobs in Ireland’s South West Irish-international fintech company, Fexco has announced a significant expansion of its operations headquartered in Killorglin, Co Kerry creating 175 new jobs over 3 years. The jobs form part of Fexco’s expansion strategy reinforcing the South West’s position as the driving force of Ireland’s fintech industry. The announcement was made in Killorglin by Julie Sinnamon, CEO of [...]...
  • Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms Irish-owned firms rely heavily on the UK as the source of intermediate inputs, which are goods used to produce a final product. Over half of the total imports used by Irish-owned firms are sourced in the UK with many importing solely from the UK market. Many Irish-owned companies are therefore highly exposed to cost increases [...]...
  • Center Parcs Serves Up €5.2 Million in Contracts to Irish Food Companies Four of Ireland’s top food companies will benefit from a significant boost to their businesses as Center Parcs announces the awarding of food supplier contracts to its Center Parcs Longford Forest resort – due to open in summer 2019 – worth a combined total of €5.2 million. Center Parcs has awarded the following food supplier contracts: Dublin [...]...

Money and progress critical for ambitious Irish millennials

Money and progress critical for ambitious Irish millennials
July 27
09:00 2017

EngageSmith has announced its EngageSmith Millennial Workplace Survey that tracks Irish millennials’ attitudes to work and career on a quarterly basis. This is the first edition of the new survey and reveals that 62% of Irish millennials view career progression opportunities as the most important factor in the workplace, while 57% see salary as most critical, bucking the international trend that salary isn’t important to millennials. Indeed, 41% of respondents left their last job due to insufficient salary.

Countering the perception that all millennials want a cool office with gimmicks like pool tables and bean bags, a mere 1% of Irish millennial respondents selected this as a factor that is important to them.

The survey conducted in July 2017 by EngageSmith, shows that Irish millennials are an ambitious generation. 76% said that they would leave the company they currently work for if the career development opportunities were insufficient. The survey also shows that millennials are not prepared to stay in a job that lacked career progression opportunities as 47% of Irish millennials left their last job for this reason.

Irish millennials recognise the importance of training and development opportunities to fast track their careers as 70% see a focus on training within a company as positive. The significance of career progression to millennials is evident in the survey as 59% of respondents plan to move job in the next year. One in five cite wanting more responsibilities and opportunities as the reason for this move.

In terms of keeping Irish millennials engaged and productive in work, having a good working relationship with their boss is key. 64% said that a poor working relationship with the boss would cause them to be less satisfied in work, while 60% said that an unfriendly atmosphere would cause dissatisfaction.

Lisa Smith, founder of EngageSmith, said: “It’s interesting to see that Irish millennials value salary and career progression so highly. With rents at such high levels, particularly in Dublin, Irish millennials don’t have the luxury of not prioritising their salary. If companies want to attract and retain the top millennial talent they must offer competitive salaries and lots of opportunities for millennials to progress their careers within the company.”

“Enabling millennial employees to have a good working relationship with their managers and offering training and development opportunities that will fast track their careers will create the environment that Irish millennials want from their workplaces. As part of our millennial friendly training programmes, we work directly with managers to help them understand how to motivate millennials and keep them engaged in their work. Companies that become millennial friendly are future-proofing for the next generations and from this investment will see an increase in engagement and productivity from their millennial employees.”

The EngageSmith Millennial Workplace Survey shows that the majority of Irish millennials favour online methods when searching for new job opportunities, with 79% of Irish millennials using online job sites and 65% using social media. It seems the old fashioned referral isn’t so old fashioned after all, as 53% like to find new jobs through friend referrals.

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4