WEDNESDAY WORKFACT: Attracting and Retaining Millennials & Gen Z

Following a year where geopolitical and social concerns gave rise to a new wave of business activism, millennials and Gen Z are sounding the alarm, according to Deloitte’s 7th annual Millennial Survey.z

The responses of more than 10,000 millennials in 36 countries, and 1,080 GenZs in six countries, suggest that this is an ideal time for business leaders to prove themselves as agents of positive change. How can businesses attract and retain millennial talent in the future?

  1. Note what millennials report as top priorities when considering an employer: 63% indicated Pay, 52% Culture, and 50% Flexibility.
  2. Good pay and positive culture attract millennials and Gen Z, but diversity/inclusion and flexibility are important keys to them happy. 69% cited a diverse organization as reason to stay beyond five years, but only 27% do who view their organization as not diverse. 55% who said their organizations are more flexible compared to three years ago plan to stay at least five years; but where they see less flexibility, only 17% plan to stay long-term.
  3. In an Industry 4.0* workplace, younger employees see “soft” skills as increasingly necessary: 36% cite Interpersonal Skills; 35%<i Confidence and Motivation; and 33% Ethics and Integrity.

*(Industry 4.0 is the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of things, cloud computing and cognitive computing. It is often referred to as the fourth industrial revolution.)

View more details from the Deloitte survey at