A new survey for Graebel finds that the majority of millennials are willing to relocate for a job and postpone life milestones to live and work in desired destinations.
Millennials are redefining the employment landscape and how domestic and global mobility factor into their lives and careers. A new survey of millennials, by Wakefield Research for Graebel, found 84% of millennials are willing to relocate for a job and 82% believe they will be required to relocate if they want to advance their careers.
Moreover, the survey revealed that millennials are willing to make significant sacrifices in order to live and work in their ‘dream’ cities in the US and abroad. More than 80% would be willing to take a pay cut if necessary to relocate to a dream destination; 71% would be willing to postpone marriage and 72% would be willing to postpone having children.
“Twenty years ago, a much smaller percentage of the workforce expected to need to relocate for career advancement," said Bill Graebel, President and CEO of Graebel. "Now we're seeing a significant shift toward younger employees relocating, sometimes internationally, and it's changing how companies think about talent acquisition and retention, and how employees map their lives and careers. Millennials embrace the notion of relocating as a catalyst for achieving career goals."
Some of the findings included in the survey are shown below.
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