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Introduction
3© 2016. For information, contact Deloitte Touche Tohmatsu Limited.
“A turbulent 2016-punctuated by terror attacks in Europe, Brexit and
fractious US presidential election appears to have rattled Millennials
confidence”
© 2017. For information, contact Deloitte Touche Tohmatsu Limited. 4
30% 26%20% 23%
-100%
-75%
-50%
-25%
0%
25%
50%
75%
100% Financially better off
Happier
% balance expecting to be better off / happier than their parents
South Africa Global
Education, skills and training
26%
Healthcare / disease prevention
22%
Given recent significant events, it seemed timely to gather the perspectives of millennials on a broad range of issues
2014 Economy 2015 Economy 2016 Economy 2017 Economy 2017 Economy
Economic, Political and Social Outlook
Figure 1 Figure 2
Business as a source of change
© 2017. For information, contact Deloitte Touche Tohmatsu Limited. 5
They focus on their own agendasrather than considering the wider
They behave in an ethical manner Their leaders are committed to helping improve society
In 2016
80% of South African millennials
say businesses have a positive
impact on the wider society in which
they operate
Global
In 2017
84% of South African millennials
say businesses have a positive
impact on the wider society in which
they operate
Figure 3
Get Personally Involved
© 2017. For information, contact Deloitte Touche Tohmatsu Limited. 6
…of Millennials in South Africa feel ‘enabled to contribute to charities / good causes at work’
64%
…compared with 54% globally
Business needs to communicate better and to provide opportunity to engage more in social issues, if millennials are to look more favourably
upon businesses’ corporate responsibility activities
Figure 4
© 2016. For information, contact Deloitte Touche Tohmatsu Limited. 8
% who would prefer full time vs freelance employment…
Q4. If you had a choice how long would you stay with your current employer before leaving to join a new organisation or do something different? Q35. If youhad a choice and assuming that each would earn you a similar amount of money, which of the two ‘options’ would you prefer? Base: South Africa 200; Global7900
…of Millennials would prefer full time / permanent employment
56%
…of Millennials would prefer freelance / consultative employment
65%GlobalSouth Africa
43% 31%GlobalSouth Africa
84% of South African millennials report some degree of flexible work in their organisations
39% of South African millennials report to work in flexible work environments
Flexible Work Organisations
Flexible Work Organisations
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The greater deployment of flexible working, the greater the impact
Figure 7
Automation: Threats
© 2016. For information, contact Deloitte Touche Tohmatsu Limited. 10
40%
44%
53%
51%
see automation
posing a threat to
their jobs;
believe there
will be less
demand for
their skills
believe they
will have to
retain skills
see the
workplace
becoming
more
impersonal
and less
human
Perceived opportunities for personal development higher in sectors expecting less impact on job availability
Automation Opportunities
© 2016. For information, contact Deloitte Touche Tohmatsu Limited. 11
Figure 8
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© 2017. For information, contact Deloitte Touche Tohmatsu Limited