Millennials Plan to Have Multiple Income Streams

How Millennials Want To Earn

What Millennials Want From Employers

What Millennials Want From Employers

Twenty-Somethings Want Tangible Benefits From Employers – Not A “Fun Culture”

What Millennials Want From EmployersMillennials will comprise seventy-five percent of the global workforce by 2025 and they know they are the most desired hire in the job market today. Companies need to pay attention to what this demographic wants, if they hope to compete for their attention and retention.Pinpoint Market Research and Anderson Jones PR interviewed 1,650 twenty-somethings aged 18-29 to uncover what they really want from employers.

INTERNSHIPS: They don’t value unpaid internships because they don’t believe it will lead to employment.

  • 68 percent of Millennials aged 21-25 have taken an unpaid internship
  • Only 5 percent were hired after completing an internship, despite good reviews
  • As a result, 42 percent say they do not seek out unpaid internships

TENURE: They “puddle-jump” jobs to increase their income opportunities.

  • 39 percent, aged 20-29, have already held four-to-seven full-time jobs
  • 83 percent plan to stay at a single job for just two years, unless promoted

“The best way to move up is to move on,” – Daymon, 27.

WORK/LIFE BALANCE: They will take cuts in pay in order to maintain a work/life balance.

  • 88 percent, aged 20-29, say they seek a consistent work/life balance
  • 57 percent say they will leave a job if they aren’t getting it
  • 72 percent choose companies with work-from-home options
  • 47 percent choose fewer hours over more pay
  • 60 percent choose “love of job” over money earned

“If they want us to stay, they can’t work us to death…I don’t care if I make less, I want to literally love what I do every day,” – Micha, 27

TANGIBLE BENEFITS: They care more about company stability than game rooms and “fun cultures.”

  • 88 percent say company stability is a top priority when considering employers
  • 83 percent want tuition reimbursement for education sought while employed
  • 83 percent want a clear path to promotion and they will leave if they don’t get it
  • 81 percent want companies to invest in their professional development
  • 78 percent want learning opportunities in leadership
  • 34 percent want management training
  • 73 percent want to attend conferences, networking events and seminars

How Millennials Want To EarnTHEIR VALUE: They know they have desired skills and they expect to be compensated for them.

  • 47 percent of Millennials are bilingual and 23 percent are multi-lingual
  • 61 percent view their social media usage as a desired skill for hiring companies
  • 93 percent believe their language skills should earn them more than other candidates

“I think being fluent definitely puts me in a better position to get the job I really want because, I can, like, work with more customers and buyers than someone who only speaks English,” – Kelsey, 28

EMPLOYMENT STATUS: They plan to have multiple income streams beyond full-time employment.

  • 64 percent aged 21-25 plan to own a business or freelance, in addition to full-time employment
  • 19 percent say they already operate their own business or are otherwise self-employed
  • 60 percent plan to utilize additional income streams such as monetizing their online behaviors, re-selling items online or operating side businesses

Their most desired self-owned business categories are mobile, app and web development (26%); restaurant, bakeries and catering companies (23%); photography studio (17%); franchise operation (7%); real estate (7%); freelance writing (6%); and video production (3%).

“This demographic is intensely aware of their value to employers based on their age, experience and skill-sets,” said Jennifer Jones-Mitchell, chief insights officer for Pinpoint Market Research and head of global marketing for Anderson Jones PR. “They know what they want from their jobs and they aren’t afraid to hold out until they get it. HR leaders need to consider structuring office environments around work-life balance and professional development if they want to attract the top-tier talent.”

The full Millennial Mindset Study covers Millennials’ brand preferences, technology preferences, what they want from employers and colleges and their overall views on corporate citizenship. To view the full report, visit Pinpoint Market Research.

Pinpoint Market Research and Anderson Jones PR anonymously surveyed 1,650 U.S. consumers. Age: 20-29. Gender: 54% female; 46% male. Annual income: 5% <$10,000; 19% $10,000-$29,999; 16% $25,000-$49,999; 26% %40,000-$74,999; 32% $75,000-$99,999; 8% $100,000-$124,999; 1% $125,000-$149,999; 1% $150,000-$174,000. Education Level: 8.33% High School or GED; 8.33% some college, but no degree; 29.17% 2-year college degree; 40.28% 4-year college degree; 13.89% Graduate-level degree. Region: 5.21% New England; 9.38% Middle Atlantic; 12.50% East North Central; 9.38% West North Central; 10.42% South Atlantic; 5.21% East South Central; 7.29 West South Central; 9.38% Mountain; 31.25% Pacific.

About Pinpoint Market Research:
Atlanta-based Pinpoint Market Research is more than just a research company. We are strategists who translate intelligent insights into actionable marketing plans. We specialize in Digital and Customer Personas; Competitive Matrix Reporting; Brand Identity IQ; Customer Journey Mapping; Messaging Audits and Strategies; Surveys, Polling and Focus Groups.

About Anderson Jones PR:
Anderson Jones PR is a full-service public relations, marketing and social media engagement agency that focuses on delivering big agency thinking at boutique agency pricing. We specialize in brand development, traditional media relations and media training, social media engagement, content marketing and crisis communications.

Marketing to Millennials? Offer Deals, Not Debt

Marketing to MillennialsPinpoint Market Research and Anderson Jones PR released a study showing that “twenty-somethings” want to lead debt-free lives as they eschew credit cards, car loans and mortgages.

“Millennials are expected to spend more than $200 billion annually beginning in 2017 and $10 trillion throughout their lifetimes. How they plan to spend, however, is distinctly different than previous generations. These kids were teens when they watched their parents lose everything in the 2008 financial crisis. Their coming of age is marked by fear and uncertainty. As brands market to millennials, they should focus on deals, discounts and strategies that speak to this segment’s concerns about financial planning and security.”

  • Although 35% plan to buy a home in 5 years, 54% want mortgage-free “tiny houses”
  • 68% do not have or want credit cards; they prefer to use check/debit cards and cash
  • 34% prefer to purchase used cars with cash, versus securing an auto loan
  • 41% choose public transportation, car rentals or car services like Uber over auto loans
  • 91% say they regularly shop “discount days” and use coupons and mobile deal apps
  • 38% seek and share discounts and deals with friends through social networks
  • 62% say the main reason they follow brands online is to take advantage of exclusive offers
  • 72% prefer to rent products and services as opposed to buying them
  • 39% have already invested in a 401k or a personal IRA
  • 57% currently owe student loan debt greater than $35,000

The full Millennial Mindset Study covers twenty-somethings’ brand preferences, technology preferences, what they want from employers and colleges and their overall views on corporate citizenship. To view the full report, visit Pinpoint Market Research.

Marketing to Millennials

The market research company surveyed 1,650 men and women aged twenty to twenty-nine in the U.S. about spending and saving habits, purchasing preferences, financial planning and investment plans.

Pinpoint Market Research and Anderson Jones PR surveyed 1,650 U.S. consumers through in-person interviews, online surveys, focus groups and social listening. Age: 20-29. Gender: 54% female; 46% male. Annual income: 5% <$10,000; 19% $10,000-$29,999; 16% $25,000-$49,999; 26% %40,000-$74,999; 32% $75,000-$99,999; 8% $100,000-$124,999; 1% $125,000-$149,999; 1% $150,000-$174,000. Education Level: 8.33% High School or GED; 8.33% some college, but no degree; 29.17% 2-year college degree; 40.28% 4-year college degree; 13.89% Graduate-level degree. Region: 5.21% New England; 9.38% Middle Atlantic; 12.50% East North Central; 9.38% West North Central; 10.42% South Atlantic; 5.21% East South Central; 7.29 West South Central; 9.38% Mountain; 31.25% Pacific.

AdWeek: A Glimpse Into the Millennial Mind: Preferred Tech, Products and Brand Engagement

Today, AdWeek ran portions of our soon-to-be-released study on the Millennial Mindset.

Here is a glimpse of the full report to come.

Please do note, there was an error in the first print of the infographic. Thirty percent of millennials said Twitter is one of their preferred social media platforms, tied with Instagram.

millenial-mind-01-2015

Millennials Want Brands To Support Their Causes

Twenty-Somethings Want Brands To Support Their Causes

Millennials Want Brands To Support Their CausesStudy Shows U.S. Consumers Age 20-29 Want Brands Involved In the Social, Political & Economic Issues They Care About

ATLANTA, GA – March 1, 2015 – Pinpoint Market Research reports that “twenty-somethings” want something more from brands than just a product or service; they want social, political and community action. The market research company surveyed 1,650 men and women aged twenty to twenty-nine in the U.S. about social issues and brand engagement.

What They Want From Brands And The Social Issues That Matter To Them:

  • Seventy-nine percent choose or boycott companies based on the brand’s allegiance to social issues
  • Eighty-eight percent want to see brands “effecting real change” in the community
  • The issues they most care about: online privacy (31%); America’s debt/deficit (22%); climate change (20%); GLBT rights (15%); net neutrality (7%); police brutality/excessive force (5%)
  • Sixty percent care most about experiences/things you do; twenty-one percent care about creativity/things you create; nineteen percent care about ownership/things you have
  • Sixty-six percent plan to vote in the 2016 presidential election; twenty-four percent are undecided; and ten percent do not plan on voting
  • Seventy-one percent plan on voting Democrat; nine percent for the Republicans; and twenty percent undecided
  • Fifty-seven percent currently owe student loan debt greater than $35,000

“These kids want brands to care about the social issues that matter to them,” said Jennifer Jones, president of Pinpoint Market Research. “And, they want brands to do more than just talk; they want companies to get involved and get their hands dirty to bring about real change.”

Pinpoint Market Research anonymously surveyed 1,650 U.S. consumers. Age: 20-29. Gender: 54% female; 46% male. Annual income: 5% <$10,000; 19% $10,000-$29,999; 16% $25,000-$49,999; 26% %40,000-$74,999; 32% $75,000-$99,999; 8% $100,000-$124,999; 1% $125,000-$149,999; 1% $150,000-$174,000. Education Level: 8.33% High School or GED; 8.33% some college, but no degree; 29.17% 2-year college degree; 40.28% 4-year college degree; 13.89% Graduate-level degree. Region: 5.21% New England; 9.38% Middle Atlantic; 12.50% East North Central; 9.38% West North Central; 10.42% South Atlantic; 5.21% East South Central; 7.29 West South Central; 9.38% Mountain; 31.25% Pacific. The data has a margin of error of plus or minus 2.5 percentage points.

About Pinpoint Market Research:

Atlanta-based Pinpoint Market Research is more than just a research company. We are strategists who translate intelligent insights into actionable marketing plans. We specialize in Digital and Customer Personas; Competitive Matrix Reporting; Brand Identity IQ; Customer Journey Mapping; Messaging Audits and Strategies; Surveys, Polling and Focus Groups. http://www.pinpointmarketresearch.com

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