Many millennials complain about hating their jobs. But don’t up and move overseas just yet. According to the Working Millennial Index by Silver Swan Recruitment, Canada ranked fourth as the best place to work in a survey of 75 countries.
By cross-referencing factors such as unemployment rates, average salary, start-up successes, rent costs, millennial’s pick and entertainment, the index measures the best place for millennials to live and work. Each country got an overall score by people ranking the categories out of 5. The highest possible score was 30.
Germany placed first with the report highlighting the country’s “impressive average salary of 2014.26 euros ($2,939.36 Cdn) and an average rent cost of just 643 euros ($938.28 Cdn). ”This left young people with almost 1,370 before tax euros ($1,999.13 Cdn) to use as spending money. New Zealand was second, followed by Australia. Meanwhile Iran scored second last and Bosnia scored the worst.
“Over the past few years, the global labour force has grown by over 200 million people, according to the World Bank,” the index states. “In fact, in 2016 millennials became the group with the largest share of the labour force in the USA, surpassing Gen X’ers quite substantially.”
“With this only set to increase exponentially as Gen Z follow suit and begin to enter the workforce and take their first steps on the career ladder, it begs the question: where should millennials be heading for the best options in their careers?”
So while millennials may still feel “tortured” in Canada because of the many obstacles to home ownership, young people can take some measure of relief in knowing that Canada is a pretty good place to work.