HR professionals believe that employees under the age of 30 assign more importance to how much money they make than their older colleagues, according to a recent Compensation.BLR.com poll.
When asked "Do your workers under age 30 place more or less emphasis on pay than their older counterparts?," 60 percent responded "They are more preoccupied with pay" while just 10 percent responded "They are less preoccupied with pay." The remaining 30 percent responded that "There is no real difference" regarding the emphasis younger and older workers place on pay.
A recent survey by Robert Half International and Yahoo! HotJobs examined the professional priorities of members of Generation Y (also known as "Millenials", aged 21-28). It found that their "number-one career concern for the future" was "salary and healthcare/retirement benefits," followed by "job stability" and "career satisfaction."
In a press release announcing the survey results, a Robert Half executive suggested that Gen Y's focus on "practical concerns, such as saving enough money for retirement" are "common among all demographics in the workplace." However, our poll results show that many of you believe that the emphasis on pay among these workers is amplified.
The Compensation.BLR.com poll included 193 respondents.
What's your opinion? Would you like to provide your reasoning or experiences as to why you think younger workers are or aren't more preoccupied with pay. Join our discussion on our HR Forum now.