South African Millennials are making their voice heard. Deloitte conducted 200 interviews with South African millennials, representing various levels of seniority, education, and organization. These interviews formed part of the Deloitte Global Millennials Survey for 2017. Findings for the global report showed that Young professionals now indicate they’re less likely to leave the security of their jobs, are more concerned about uncertainty arising from conflict, and—especially in developed countries— are not optimistic about their future prospects nor the directions their countries are going. These are the results for South Africa:
The top concerns for South African Millennials were:
- Crime/personal safety (46%)
- Unemployment (45%)
- Corruption within business or politics (30%)
- Education, skills and training (26%)
- Healthcare/ disease prevention (22%)
38% of those interviewed expect the overall economic situation in their country to improve within the next 12 months, versus the 45% global statistic. 41% expect the overall social/political situation in their country to improve within the next 12 months, outranking the 36% global statistic. 30% expect to be financially better off and 20% happier than their parents, as opposed to the global 26% and 23% respectively. Millennials in South Africa seem to have a positive view on business in the country. 84% say businesses have a positive impact on the wider society in which they operate, whereas 76% globally feel this way. As such, there is an overall optimism among these millennials.
In regards to who should be held accountable for solving complex issues that relate to their lives, millennials voted Multinational companies (89%), Individual countries / national governments (83%), and local companies (81%).
In terms of work, it seems as millennials are falling in line with more traditional workplace expectations. 56% of South African millennials interviewed would prefer full time / permanent employment over freelancing, whereas 65% globally would prefer a full-time post. However, stability and loyalty are defined to shorter periods than other generations. 43% of those interviewed said they will stay with their current employer for up to 2 years, 35% for 2-5 years, and only 25% for over 5 years. This reflects the general observations that millennials tend to move from job posts relatively quickly if they are not timeously promoted.
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