SAP Concur executive Jenn McColly argues that millennials are driving a shift towards purpose-driven workplaces. Citing Cone Communications research, 64% of millennials won't accept a job without strong CSR values, and 75% are willing to take a pay cut to work for a values-driven company. The article emphasizes the importance of purpose for attracting and retaining talent.
Concur analyzed $36 billion in travel expenses processed between Q1 2015 and Q1 2017, revealing spending differences between millennials (ages 22-35) and older employees (ages 36-65). The data shows that older employees' total expenses per employee are 66% higher than millennials', but millennials spend slightly more on hotel-related expenses. The article also explores industry and regional differences and suggests companies adapt travel policies to meet millennials' demand for a seamless experience.
A SAP Concur blog post cites surveys finding that 93% of Millennials say up-to-date technology is one of the most important factors at work; a PwC study found 59% of Millennials value an employer's willingness to provide state-of-the-art technology when considering a job, and 78% say access to technology they like makes them more effective. It argues traditional AP systems with manual input and paper shuffling conflict with tech-savvy Millennials, and says Millennials will comprise 40% of the working population by 2020.