Gen Y’s Workplace Expectations on Employment Terms and Conditions: Comparative Analysis of Collegians and Office Goers

Abstract

Over the past few years, an increase in stress has been witnessed amongst employees of various generations, working together at the workplace. In the process of settling at work, Millenials (Gen Y) are demonstrating new behaviors with the intent to gain success, which is starkly different from their predecessors. The objective of the study is to make a comparative analysis of the workplace related expectations of Gen Yers first as students and then as employees in order to analyze if these expectations change with time and experience, or remain the same. Data was collected through “Two Stage Stratified Random sampling” from Millennial MBA students from four major districts of Gujarat. Out of 843 respondents, 555 i.e. 65.8 percent were students and 288 i.e. 34.2 percent being the young working professionals. The students rated “Salary” as the first selection criteria and “job security” being second whereas Professionals rated “Job Security “as the most important factor and “Salary” was rated second, thereby stressing on the importance of these two variables in their selection criteria. “Location of the job” was rated as the least important variable both by the Students and Professionals thereby indicating that they are mobile and interested in taking up assignments that can help expand their outlook irrespective of the location. For these five variables; the average ranking given by the respondents was cross tabulated with 1.Age, 2.Gender and 3. Status, in order to bring out the comparative importance assigned to each variable.