
Indeed, 18 per cent of SME owners in the UK capital are so determined to welcome those born between 1980 and 2000 into the fold that they’ve said they want a millennial to take over the firm one day.
The research from Lloyds highlighted that more than half of the global workforce will be accounted for by the demographic by 2020, which will effectively “shape the workplaces of tomorrow”. According to results, fresh ideas are the skills 76 per cent of London’s SMEs most want from millennial candidates, followed by digital skills and a different perspective at 41 per cent and 32 per cent respectively. Commenting on power youngsters can have on businesses, millennial and marketing entrepreneur Timothy Armoo explained how communication to the demographic is key.- The UK’s young women have more career doubts than male counterparts
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Meanwhile, the study found that 41 per cent of companies feel a job offer has been snubbed because the young applicant wasn’t a fan of the corporate culture. Seemingly the firms are right to worry, as 62 per cent of London-based youngsters would reject an offer if the atmosphere wasn’t right, regardless of the salary.
At 91 per cent, most SMEs are now reviewing and revamping working practices to win over millennials. The trend is resulting in small London businesses investing around 17 per cent of their annual turnover on recruiting young talent.Share this story