According to a recent global study by INSEAD, contrary to popular belief, millennials around the world are ambitious and eager to work hard to become leaders. But they want to do it on their terms, in jobs that give them meaning, offer good work-life balance and allow them to contribute to society.
The study of 16,000 millennials (those born between 1984 and 1996) found that 41% said it was very important to them to become a leader or a manager, and younger millennials noted an interest in coaching and mentoring as part of a leadership role.
But, as important as becoming a manager is, only 24 % want a fast-track career with constant promotions. Most millennials’ focus is to grow and learn new things (45 %), the second most important goal in their lives after work-life balance. 73 % chose work-life balance over a higher salary and 82 % picked a better work-life balance over their position in a company, while 42 % would prefer to have no job than one they hate.
The biggest fear for 40% of respondents globally is getting stuck in a job with no development.