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Millennials might not be the nightmare employees everyone was worried about

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They're stepping up their game.  Shutterstock / ESB Essentials

Much of the millennial generation is now safely ensconced in the office.

And, surprisingly, they're not half bad.

A new study released by boutique research firm 747 Insights in partnership with consumer intelligence platform Collaborata found that "Playing against type, millennials are actually an employer's dream."

"For so long, people talked about the millennials as having helicopter parents, and them being unprepared, and their parents doing everything for them," Michael Wood, principal at 747 Insights, told Business Insider. "They were entitled and they weren't hard workers. I think they surprised a lot of people because they're turning out to not be that at all."

In the study, called "Generation Nation," researchers surveyed over 4,000 Americans from their late teens to their early 70s to find out how they feel about everything from work to friendships to brands, and analyzed their responses. Millennials were defined as people born 1981-1997, meaning they're currently ages 20-36.

"Millennials truly care about their work," wrote the researchers. "And they care about it beyond being a means to a paycheck."

This caring might have something to do with millennials' hope for the future and their unwavering support for an employer they can believe in: "They're very hopeful, and they have a positive outlook on their generation and what they're going to contribute to the greater good," Wood said. The Harvard Business Review recommended that to attract, keep, and engage millennials, a company must "have a deeply compelling vision" of how its work contributes to society.

Millennials are willing to work hard for an employer who supports them, and they tend to blur the lines between life and work, found the 747 Insight report — they're more willing than members of other generations to catch up on work during their personal time.

Respondents from this age group were also the most likely to agree with the statements "If I work hard, I can do anything," and "I believe in working hard and playing hard" — the latter is probably less surprising. And, while you can probably take this stat with a grain of self-aware salt, 57% of millennial survey respondents consider themselves to be hard workers.

Previous research came to different conclusions. For instance, Psychology professor Jean Twenge pointed to the Monitoring the Future project, which surveyed high school seniors starting in 1976 and found that millennial respondents were less willing to work hard, less willing to work overtime, and more interested in quitting work completely if they had enough money than previous generations were at the same age.

But now, millennials are a little older. And while there are certainly exceptions to the rule, it looks like millennial employees aren't quite as bad as everyone thought they would be.

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Libby Kane was a personal finance expert who has reported and edited stories about money for more than 10 years. She previously held the Certified Financial Education Instructor (CFEI) certification issued by the National Financial Educators Council.Experience She has written and edited articles on everything from investing tips to model budgets and has interviewed dozens of authors, financial planners, and early retirees to share their advice, experiences, and insights with a global audience. Before joining Business Insider in 2014, she was an associate editor at LearnVest, a personal finance site to help women learn about money. Her work has appeared on sites such as MSN, AOL, Forbes, Slate, and The Street.Her team at Business Insider has tackled projects including:• Women of Means, a series about women taking control of their finances• Inside the Racial Wealth Gap, an exploration of the causes, effects, and potential solutions of the racial wealth gap in the US (finalist, Drum Award, "Editorial Campaign of the Year," 2021)• Strings Attached, a series of essays from people who have left insulated communities and how that journey affected their relationship with money• Master Your Money, a year-long guide for millennials on how to take control of their finances  (first runner up, Drum Award, "Best Use of Social Media," 2022)• The Road to Home, a comprehensive guide to buying your first house (silver award winner, National Association of Real Estate Editors, "Best Multi-Platform Package or Series – Real Estate," 2022)Libby believes in one universal truth about money: Advice is never for everyone. The best strategies, tools, and products depend on your preferences, financial situation, history with money, and goals.ExpertiseHer expertise includes:• Behavioral finance• Early retirement• Budgeting• Saving moneyEducationLibby holds a bachelor's degree from Wellesley College.Outside of personal finance, Libby enjoys reading, baking, and walking her dog.