Naslov
Do Generations X and Y Differ Significantly in their Compensation Preferences?

Autori
Galetić, Lovorka ; Klindžić, Maja

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Conference book of abstract proceedings / - Seoul : Akademika Nusa Internasional Association of Social Sciences & Humanities, 2017, 6-6

Skup
6th International conference on Social Sciences, Business Technology and Management

Mjesto i datum
Seoul, Republika Koreja, 18.03.2017. - 19.03.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Generation Y, Generation X, Motivation, Reward Management, Human Resource Management

Sažetak
The present workforce is diversified in terms of generation, culture and values. Generational affiliation has been recognized as a relevant factor linked to employees’ motivation or, more specifically, it is believed that generational affiliation influences both what an individual wants on the job and his/her satisfaction with the level of compensation. Attracting and motivating young employees as well as retaining those talented employees who have gathered substantial working experience becomes increasingly important as the Baby Boomer generation retires. In other words, organizations must understand and strategically adapt to the work expectations of generations X and Y. The aim of this paper was to investigate differences in generation X and Y individuals’ preferences towards different aspects of the compensation package. An empirical research was undertaken during February andMarch 2016, in which 140 GenerationX and Generation Y individuals with working experience participated by fulfilling a questionnaire. Research results revealed interesting differences in assigning importance to various pay elements, with both individual and group variable pay being statistically significantly more important to Generation X individuals. Additionally, non-parametric tests indicated that Generation X individuals exhibit more homogenous attitudes when gender was taken into account. At the same time, Generation Y women seem to perceive security, health and pension benefits as well as perks more important than Generation Y men. Implications and recommendations for compensation managers are discussed.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA