Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  CBRE Group Inc    CBG

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Millennials in the Workplace: What Do They Really Want?

share with twitter share with LinkedIn share with facebook
share via e-mail
01/19/2017 | 02:51pm CET

by Adam Bonislawski

Entitled, flighty, never fully invested—if you were to take the stereotypes about millennials seriously, they’d be about the worst co-workers and employees imaginable.

Happily for HR departments everywhere, a recent report from CBRE Research suggests that (for the most part) the stereotypes would seem to be just that. Contrary to their reputations as overly coddled job-hoppers, the report, titled Millennials: Myths and Realities, finds that millennials are more similar to previous generations than has been advertised, particularly in terms of their work ethics and expectations.

For instance, the report, which features data from 7,000 CBRE staff members and 13,000 millennials from 12 countries, finds that while much has been made of millennials’ supposed tendency to switch employers at the drop of a hat, the majority—62 percent—would ideally prefer to change jobs as infrequently as possible.

The same goes for the notion that millennials expect to start at the top, as opposed to working their way up the corporate ladder. According to the CBRE report, roughly two-thirds consider the chance to learn new skills a major factor in choosing a new job, with many willing to spend time outside work and their own money on training.

Employers might also be laboring under misapprehensions when it comes to more basic millennial workplace preferences, like their supposed desire for more collaborative, flexible work office environments. As the CBRE report notes, “millennials do not emerge from the womb desiring collaborative working environments. Like other generations, they are heavily influenced by their personal experiences, and by the ‘cultural context’ of their workplace.”

In other words, it turns out that, much like the rest of us, if you give a millennial a private office, they probably aren’t going to want to give it back.

More generally, millennials appear to highly value the quality of their workspaces, with nearly 70 percent of those surveyed in the CBRE report saying they would make various trade-offs to secure a better workspace. In some cases, those trade-offs were significant. For instance, 7 percent said they would take a modest pay cut in exchange for a better office environment, while 8 percent said they would compromise their promotion prospects.

Meanwhile, 21 percent said they would accept a longer commute in exchange for a better office environment, while 23 percent said they would move to a smaller or less well-known company.

One millennial stereotype that does appear accurate, at least at first glance, is the generation’s preference for urban centers. Some 75 percent of millennials surveyed work in large towns or cities, while less than 10 percent work in business parks or rural settings.

A closer look, though, suggests that here, too, millennials aren’t quite the people they’re thought to be. More than half surveyed—55 percent— said they find small or medium-sized towns either “fairly” or “very” appealing, compared to 63 percent that said the same for cities. As the CBRE report notes, this could represent an opportunity for employers located outside major city centers, particularly given that suburban and small-town locations are likely to offer lower costs of living.

In any case, figuring out what motivates millennial employees is more than just an intellectual enterprise. The generation is projected to make up roughly half the global workforce by 2020, meaning that in a few years millennials will cease being workplace curiosities and become, instead, simply business as usual.

Copyright 2017, 3BL Media LLC, source Corporate Responsibility

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on CBRE GROUP INC
01/19 MILLENNIALS IN THE WORKPLACE : What Do They Really Want?
01/19 CBRE : Czech property investment 28 pct higher at Kc100bn last year-CBRE
01/17 CBRE : Residential rents decline further in Q4 2016
01/17 CBRE ANNUAL MARKET UPDATE : Widespread fragmentation in a mixed market environme..
01/17 CBRE : China 2016 Commercial Property Block Trades Topped CNY150bn
01/17 CBRE : China Office Building Vacancies to Soar in 2017
01/17 WELLNESS WORKS : Companies Report Increase in Productivity Measures through Focu..
01/17 CBRE : Bucks town named most desirable place for London commuters
01/16 CBRE : Leechiu-CBRE partnership aims to speed PH property growth
01/14 CBRE : Sacramento-area hotels saw strong fall numbers
More news
Sector news : Real Estate Services - NEC
2016DJU.S. HOT STOCKS : Hot Stocks to Watch
2016DJZILLOW : Reports Jump in Quarterly Revenue, Lifts 2016 Outlook
2016DJZILLOW : Reports Jump in Quarterly Revenue, Lifts 2016 Outlook -- Update
2016DJCORELOGIC : U.S. Home Prices Continued Strong Gains in June
2016DJZILLOW : U.S. New Home Sales Rise to Highest Level Since 2007
More sector news : Real Estate Services - NEC
News from SeekingAlpha
01/14 CBRE Acquires Floored For Real Estate Visualization Tech
01/06 Marcus & Millichap commercial deals drop thanks to election, rates
2016 Balance Your REIT Portfolio With A Tactical Mix Of Anchors And Buoys
2016 CBRE scoops up Skye Group
2016 The Most And Least Loved Stocks In The S&P 500
Financials ($)
Sales 2016 13 148 M
EBIT 2016 944 M
Net income 2016 583 M
Debt 2016 2 791 M
Yield 2016 -
P/E ratio 2016 18,70
P/E ratio 2017 20,28
EV / Sales 2016 0,99x
EV / Sales 2017 0,78x
Capitalization 10 203 M
More Financials
Duration : Period :
CBRE Group Inc Technical Analysis Chart | CBG | US12504L1098 | 4-Traders
Full-screen chart
Technical analysis trends CBRE GROUP INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 34,1 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Robert E. Sulentic President, Chief Executive Officer & Director
Raymond E. Wirta Independent Chairman
James R. Groch CFO & Global Director-Corporate Development
Chandra Dhandapani Chief Digital & Technology Officer
Bradford M. Freeman Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CBRE GROUP INC-3.94%10 203
More Results