May 28, 2014

Employed Baby Boomers and Gen-Xers may complain about being overworked—but for Millennials, getting more work is a major goal.

Tr3s went in-depth with Latino young adults about their thoughts, feelings, and experiences surrounding employment as part of its recently-released its 2014 study, “Hispanic Adult Millennials at Work and Play.” This project included quantitative and qualitative explorations of nearly 1,000 Hispanics and non-Hispanics ages 19 to 34, as well as information from Simmons, Pew Hispanic Center, Nielsen, and numerous Viacom studies.

Here are key insights from “Hispanic Adult Millennials at Work and Play” on the subject of young Latinos’ desire for more work:

More than 4 in 10 Hispanic ages 19 to 29 are working part-time--but almost 6 in 10 would like to be full-time. 44% of Hispanics 19-29 have part-time jobs, but 57% want to be full-time. (Only 17% say part-time is ideal.) Hispanics 30-34 are significantly more likely to be employed full-time (73%)—however, they’re more likely than 19-29s to say that part-time, consulting, or freelancing would be ideal.

Work represents less than a third of Hispanic Millennials’ time. For Hispanic young adults, work consumes, on average, 31% of their time. “Play,” which includes “me time” and fun with family, friends, and romantic partners, accounts for the greatest share of their hours (55%). Chores take up 14% of their days. Compared with non-Hispanics, however, work occupies a greater share (31% Hispanics, 25% non-Hispanics).

Work represents a greater “share of mind” than “share of time.” Even though Hispanic Millennials spend more time at play than at on the job, Tr3s research indicates that work is currently a top priority.

Nearly 1 in 4 Hispanic Millennials have had their hours reduced so their employers could avoid paying for benefits. Hispanics have experienced benefits-related work schedule cuts more than non-Hispanics (23% Hispanics, 14% non-Hispanics). Non-Hispanic Millennials who have had their hours cut because of benefits are more likely to blame the Affordable Care Act (46% non-Hispanics, 29% Hispanics). Hispanics are more likely to blame the overall economy or their company’s financial challenges.

Guys have been hit hardest by these benefits-related work schedule cuts. Though male Millennials are more likely than females to have had their hours reduced for this reason, Hispanic males have had cuts due to benefits at a much higher rate than non-Hispanics (27% Hispanic males, 18% non-Hispanic males). And while Hispanic females haven’t been as affected as much as males, they’ve experienced it more than non-Hispanic females (19% Hispanic females, 9% non-Hispanic females).

Source: Tr3s Hispanic Adult Millennial Study (2014), Guia and Cooltura Qualitative (2013)

 

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