A new report has revealed that young adults around the world put in mammoth shifts at work. Often portrayed as being unproductive and lazy, most millennials actually struggle to work less than 40 hours every week. Globally, nearly three quarters of them work over 40 hours with almost a quarter putting in a 50 hour shift on a weekly basis.
Millennials put in the longest hours in Asia, with young people in India spending the most time at the office. A young adult aged between 18 and 34 will work an average of 52 hours every week in India while in China, Mexico and Singapore, an average shift amounts to an intense 48 hours. Millennials in Japan and the United States are in the middle of the pack, with their working week coming to an average of 45 hours. Australia and the United Kingdom are closer to a standard working week with their shifts coming to 41 hours on average. (see chart down below)
Millennials Believe In Life After Work
According to Deloitte, many millennials around the world are planning near-term exits from their employers. Many have expressed their belief that businesses have few motivations beyond profit and they would prefer to place their own values ahead of organizational goals. For millennials searching for new employment opportunities, a good work/life balance is their top priority in any future career. The reputation of a company and its leaders is not considered important by young workers today.
Millennials in the U.S.
Millennials will outsize the Baby Boom generation and will become the largest living generation sometime soon. As of 2015, the Millennial generation refers to the population between the ages of 18 and 34, however no chronological end point has been officially set. They are the first generation to come of age in the new millennium and they are the first natives of the digital age. With the first of the Millennial generation just now entering their thirties and the majority of Millennials beginning their careers, they will be an important engine of the economy in the coming decade.
Millennials are social and almost always connected; they spend almost 8 hours a day online. They check email, use social media to keep up with what friends are doing, stream music and movies, shop, play games and more. Social media has penetrated their generation, and popular networks include Facebook, Youtube and Vine, Instagram and Twitter.
Millennials are more concerned with their financial future than other generations. They also have high levels ofeducational attainment. Their largest budget issues include usual issues like rent/mortgage, food, transportation, basic expenses, but also student loans. They put off commitments like marriage, and most of them are renters. Almost 40 percent either live or have lived with their parents due to poor economic conditions. However, when the time is right, they are inclined to buy homes and settle.
As Millennials are almost always online, they also shop online. Online shopping product categories include clothing, books, DVDs or music and health and beauty products. However, for cosmetics/personal care items and shoes, Millennials still prefer to shop only in stores. Seventy-four percent of Millennials compare prices online and a remarkable ninety-one percent of Millennials report making a purchase on their mobile device monthly. For Millennials, brand names are not as important as price – not surprising, given their thriftiness.
Besides spending most of their time online, Millennials also like to spend their free time with common leisure activitiessuch as reading, spending time with family and friends and exercising/working out. They are also more health conscious than other generations, and buying ‘organic’ is important to them.
This chart shows the average number of hours worked each week in 2015 (people aged 20-34)
You will find more statistics at Statista