Having said this however, many Generation Y are not driven by getting their manager’s job.
Yes they work hard, but many feel that the benefit of any incremental money does not
outweigh the additional pressure. They have seen their parents chained to their desks and
become stressed, all for money. Salary and status are not high on the priority list, according
to the study by Talentsmoothie, a firm that consults companies in banking, professional
services and the law on the changing workforce. Generation Y’s main concern is to do
meaningful work in an environment that gives them stimulation, responsibility, fun and
flexibility. After all, they have their parents financial support to keep them afloat. However it
does not mean that you can take advantage of this and get away with paying below the
market. Generation Y want to be respected and underpaying them is a fast track way to
alienating them.
‘‘ A strong entrepreneurial spirit (as a result of their parents
effusive encouragement) and an inquisitive mind means that
they seek constant stimulation. ’’