Many corporate executives are making no effort to attract workers under age 35, because millennials have developed a reputation for being workplace divas, a new survey suggests.
A survey conducted by Duke University and CFO Magazine found that millennials are thought to need more management in the workplace and are more likely to quit their jobs arbitrarily, despite making less money than previous generations and facing higher unemployment, CBS News reported.
More than 1,000 chief financial officers worldwide gave their opinions about millennials in the survey. Some 70 percent had positive things to say about their technological savvy, and 21 percent said they were more creative and innovative than previous generations, CBS News reported.
But more than half of CFOs said millennials are lacking in company loyalty, and 46 percent said they have an inflated sense of entitlement. Thirty-one percent said millennials need more hand-holding, and 27 percent said millennials are more interested in the development of themselves rather than the development of the company, CBS News reported.
The survey found that companies aren’t doing much to adapt to the mobile and tech-savvy generation, either. Only 21 percent are making work hours more flexible to accommodate millennials, and only 17 percent are allowed to work from home.
Female millennials appear to have it even worse. Many of the CFOs said they believed there aren’t enough women with the experience and skills necessary to serve on a company board, CBS News reported.
Only about 4 percent of companies have diversity goals for their boards, the survey said.