engleski

Exploring the Gap between Millennials’ Pay Preferences and Current Compensation Practices

From an organisational perspective the aim of the reward system is to attract, motivate and retain high performing employees. Pay systems that are incompatible with employee pay preferences can create direct or indirect costs for the organisation. Organizations might be able to increase their attractiveness without affecting labour costs by adapting company compensation practices to employee pay preferences. This study investigated compensation preferences of 249 students in Croatia. Research results indicate that besides high base pay, benefits were clearly identified as a preferred compensation tool by millennials'. Research results can be used by managers in developing or modifying reward plans for this generation.

Compensation ; Pay Preferences ; Millennials

nije evidentirano