Generation Y would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards, a study published by PwC has found.
The PwC NextGen survey of 44,000 workers, in conjunction with the London Business School and the University of Southern California, reveals Generation Y are more likely to stay in a job if they feel supported and appreciated, are part of a cohesive team and have greater flexibility over where and how much they work.
This contrasts with previous generations, who place greater importance on pay and development opportunities.
The survey found flexibility is a key priority for both generations of workers, with 21% of female and 15% of male respondents saying they would give up some of their pay and delay a promotion in exchange for more workplace flexibility. However, unlike past generations who were willing to work beyond their contracted hours in the hope of rising to higher-paying positions later on, generation Y are largely unwilling to give up a good work/life balance.
Chosen excerpts by Job Market Monitor
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