Female 'millennials' are growing force in global talent pool: PwC survey

SINGAPORE - Female millennials are increasingly contributing to a larger part of the talent pool and are estimated to form about 25 per cent of the global workforce by 2020, according to PricewaterhouseCoopers (PwC).

This year, a global CEO survey done by PwC indicated that a growing number of CEOs are concerned with the impact talent diversity has on their business and 64 per cent of the CEOS have implemented a diversity strategy to retain talents of which women rank one of the most significant talent pools.

The typical female millennial born between 1980 and 1995 is "more highly educated, more confident and more career ambitious than any of her previous generations", as highlighted in the 2015 international online survey findings by PwC. Over half of the university graduates in Singapore now are female and 69 per cent of the Singapore female millennials earn as much or more than their partners.

The traditional woman's role as a homemaker is no longer as compelling as the study registered a mere three per cent of women who left their last employers to start a family. Instead, 58 per cent consider opportunities for career progression as the most attractive employer trait and 30 per cent cited the lack of it as the top reason for leaving an organization.

Besides, an overwhelming 82 percent of the Singapore female millennials respondents look forward to gaining international work experience and 70 per cent show interest in taking up assignments in developing countries. However, only 21 per cent of the current global international assignees are female.

Lastly, work-life balance and flexibility is important to nearly all male and female millennials globally and locally.