Savills: the ‘tug of war’ for millennial workers in the Middle East
The firm’s ‘What Workers Want’ update outlined that more needs to be done to provide a better work environment
Global real estate consultancy Savills has revealed that corporate businesses across the Middle East will “suffer” if they do not focus on retaining millennial workers by proving better amenities to suit their needs.
The Savills’ ‘What Workers Want’ update outlined that utilising different parts of office space was becoming a key focus for business leaders to attract talented staff members.
Head of Savills building and project consultancy for the Middle East, Simon Denham, believed the impact that millennials are having on the UAE workforce is what is driving the trend.
He went on to say that the ability to attract and retain the best staff is no longer centred on “compensation and benefit packages”.
“As the demand for talent heats up, companies are vying for the best people, be it in technology, legal, financial services, media and marketing. Therefore, to attract the best young talent, companies across different sectors are realising that they need to provide more than just a market competitive salary and a parking space for senior members of staff,” said Denham.
He added: “If you look at the demographic of those entering the workplace, their wants and expectations are different from the generation before. It is a tug of war that balances company traditions with prioritising conditions to provide new, younger generations with what they require.
“Companies need to adopt a better mind-set than just doing the minimum to keep their staff happy – it is an absolute necessity to create an environment that people want to work in, otherwise businesses will suffer.”