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'Millennials' prefer working on own

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To work independently through a digitised setup is emerging as popular choice for professionals in the 18-31 age group.

‘Millennials’, as those born in 1983 or later are called, see themselves as working independently at some point in their life, rather than being tied to a traditional organisation, says a study by Deloitte. Nearly 70% of millennials confirm to this.

Carried out online between October -November 2013, amongst a representative sample of 7, 800 ‘millennials’ from western Europe, India, Asia Pacific, North America, etc; the study says millennials are emerging as leaders in technology, and will comprise almost 75% of the global workforce by 2025.

While they want to work for organisations that foster innovative thinking and develop their skills, many millennials believe businesses are not currently doing as much as they could to develop their leadership skills.

Furthermore, it says in India, several millennials feel businesses are being run with the single motive of profit, and in the process to increase bottomline, companies are completely ignoring the consequences of their decisions. “Currently, we are facing various challenges like unemployment, inflation. What we need to do is to encourage innovation, as innovative thinkers can create solutions,” says P Thiruvengadam, senior director, Deloitte Touche Tohmatsu India.

Organisational support for innovation is crucial for millennials, specially in India, where 90% of millennials choose an employer based on the organisation’s reputation for encouraging innovation, the study adds.

Vishal Pandya, a 29-year-old animation professional, says many youngsters quit and start out on their own, if they are not sure about the kind of innovative and creative freedom allowed in their organisations. “I quit my job since I was not getting enough creative freedom. I am currently engaged in freelance work, and would look at starting my own small firm some day,” says Pandya.

Industry veterans say a case like Pandya’s is specially true in cities like Bangalore, where many millennials eagerly join startups in the hope of being able to unleash their creativity and innovate.

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