More millennials work for small businesses with less than 100 employees than any other company size, according to research from PayScale.com. Five years ago this may have been less consequential, but this year marked the tipping point where millennials now make up more of the work force than any other generation. The future of the work force is here, and its members are more inclined to work in a small business than larger organizations.
In order to understand how macro forces are driving change in the workplace, like the rise of millennials and the expectations that come along with that, Staples Advantage, the business to business division of Staples and WorkforceTrends.com partnered on the Staples Advantage Workplace Index, a new study surveying more than 2,000 American and Canadian workers. The major finding was that more than half of small-business employees report feeling overworked and burnt out, yet 89 percent are still happy at work and motivated to become managers in their respective organizations.
It's no surprise that this data also suggests that small-business employees are working longer hours; a quarter of them spend time working outside of the office and 40 percent work on weekends at least once a month. The research also found that they don't have time to take breaks, they get too much email and they're wasting time in business meetings.
Limited resources and the need to do more with less is a hallmark of small businesses. In many cases, this fast-paced environment and ability to wear multiple hats are a few of the traits that make small businesses so desirable for the new wave of workers. However, it also means that small-business employees are under the constant pressure to manage a growing workload. According to the survey, the "always on" work culture forces employees to complete work they don't have time to do during the day and many have the desire to get ahead for the following day as to eliminate even more burnout. Read more on Foxnews.com