Report: Millennials Training for Career Ultramarathons

 

A newly released ManpowerGroup® report focusing on the career visions of Millennials may help employers rethink their people practices for attracting, retaining and developing Millennial workers, observes Victory State Bank, Staten Island’s only community-based business bank.

According to the report from workforce expert ManpowerGroup®, Millennials –  those born between 1982 and 1996 – are set to run career ultramarathons and anticipate taking breaks along the way. The report is based on a global study of 1,000 Millennials from across the United States.

The ManpowerGroup® research found that:

§  American Millennials are preparing to run career ultramarathons. Sixty-six percent expect to work past age 65. Thirty-two percent expect to work over the age of 70, and 12 percent say they will likely work until the day they die.

 

§  American Millennials are working longer and harder than previous generations. Seventy-six percent of American Millennials foresee taking career breaks longer than four weeks. Though women are likely to plan breaks to care for others — children, older relatives, etc. — men and women prioritize leisure-related breaks for themselves equally.

§  Globally, Millennials are happy to disrupt and be disrupted by new ways of working. While almost three-quarters of working Millennials are in full-time jobs today, over half say they're open to new ways of working in the future – freelance, gig work or portfolio careers with multiple jobs. Thirty-four percent globally are considering self-employment.

 

 

§  Ninety-five percent of American Millennials are willing to spend their own time and/or money on further training. The report highlights the positive correlation between people's career success—being more educated, better prepared for employment and higher paid—and their "learnability," or ability and desire to learn.