An office worker walks past the Reserve Bank of Australia building in central Sydney October 5, 2010. Australia's central bank kept its key cash rate steady at 4.5 percent on Tuesday, a surprise to many given policy makers recently warned that rates would have to rise to head off inflationary pressures. Reuters/Daniel Munoz

Almost 90 percent of millennials working in Australia and New Zealand believe they will be better off working overseas, a new report by recruitment firm Robert Walters has shown.

According to Robert Walters ANZ managing director James Nicholson, growing anticipation of an economic downturn within the younger generation and the fear of rising unemployment problems are driving them to consider such decisions.

"Millennials, or Gen Y, have grown up in a borderless world with greater access to international travel, so their sights are set high to begin with," the ABC quoted him as saying. "With a lot of discussion around economic downturn locally, we are seeing a reverse trend from the post-GFC period when we were dealing with an influx of foreign workers looking for gainful employment."

But in spite of these findings, three out of four employers of the 400 surveyed said they do not provide their employees such scopes and overseas opportunities - a statistic Nicholson finds alarming.

The report also pointed out that a little over half of millennials face or have faced intergenerational conflict at work, while eight out of 10 employers believe the younger generation’s expectations of rapid progress to be at the root of the conflict. Another cause of conflict is the reluctance of the older generation to accept new technologies.

It was also assumed by almost 87 percent of surveyed employers that employees would leave the company if they were not provided with the latest technologies, although the survey found a much lower number left their jobs for this reason.

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