Are 1 in 4 millennials facing unfair pay and job insecurity?

New Delhi, Aug 20 (NationPress) In light of generational transformations and the rise of new technologies within the workplace, a report released on Wednesday revealed that one in four millennials feel they are not receiving fair compensation for their labor, while one in five report experiencing job insecurity.

The study conducted by Great Place To Work India offers a comprehensive look at how the millennial workforce is navigating their careers in 2025.

While a majority of millennials expressed a preference for working in environments that are physically safe and promote their social and mental wellness, they identified their financial well-being as a significant area of concern.

“One in four millennials reported feeling that they are underpaid for their contributions, highlighting the urgent need for organizations to address issues of equity and pay parity among their workforce,” the report stated.

Moreover, one in five millennials indicated feelings of job insecurity, suggesting that enhancing organizational communication and transparency could be vital for improvement, the report noted.

Additionally, 17 percent of millennials conveyed that they do not experience a sense of psychological and emotional safety at work, which can adversely affect overall organizational performance.

The report underscored that millennials who feel psychologically secure are twice as likely to wish to remain with their organization, emphasizing the importance of this factor in fostering employee trust, retention, and commitment.

“By 2025, millennials will constitute a significant 63 percent of India's workforce. Our recent research suggests that while millennials feel empowered through training and development, they place a high value on holistic well-being, seeking psychological safety, growth opportunities, and job security,” stated Balbir Singh, CEO of Great Place To Work, India.

“Organizations that actively listen to and implement this feedback tend to achieve better overall experiences and higher retention rates among millennials, which in turn enhances trust and boosts organizational performance. As millennials continue to seek growth and impactful opportunities, they are actively shaping contemporary workplaces and influencing the next generation entering the job market,” he added, advocating for organizations to invest in millennials.

Regarding career advancement, only 47 percent of millennials reported having meaningful opportunities to innovate, which may hinder their capacity to apply newly acquired skills or contribute valuable ideas.

Fifteen percent of millennials stated they intend to leave their current jobs, with elevated rates noted in sectors such as IT and professional services, while industries like retail and manufacturing exhibited a comparatively lower risk of attrition, the report concluded.