Do “one-size” employment policies fit all young workers? Heterogeneity in work attribute preferences among the Millennial generation

Author:

Ng Eddy S12ORCID,Posch Arthur3,Köllen Thomas4ORCID,Kraiczy Nils4,Thom Norbert4

Affiliation:

1. Smith School of Business, Queen’s University, Kingston, ON, Canada

2. James Cook University, Singapore

3. IUC, Universität Bern, Bern, Switzerland

4. IOP, Universität Bern, Bern, Switzerland

Abstract

There has been a stream of research that explores how the present generation of workers (i.e., Millennials) may be different from previous generations (e.g., Baby Boomers and Gen Xers). This line of research often considers Millennials as homogeneous and concludes any differences to be “generational effects.” However, it is unlikely for a generation, which spans almost 20 years, to be uniformly homogeneous with respect to their work values and attitudes. Findings on generational differences conducted in the United States are also often generalized to other countries, ignoring the potential for national influences. In this regard, we apply a multi-method approach using three samples to demonstrate that there are differences within the Millennial generation that affect work values, preferences for work/life balance, and attraction to employer attributes. Specifically, we focus on the heterogeneity resulting from differences in age, gender, relationship status, and nationality. Our results suggest that Millennials are not as homogeneous as we assumed, and this can limit the effectiveness of managerial policies designed to improve individual and work outcomes for an entire generation of workers. Our study demonstrates that it is important for us to understand how individual, relational, and contextual factors may contribute to the heterogeneity within a generation. JEL CLASSIFICATION M12, M14, M54

Publisher

SAGE Publications

Subject

Economics and Econometrics,General Business, Management and Accounting,Business and International Management,Strategy and Management

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1. Evidence of construct validity for work values using triangulation analysis;EuroMed Journal of Business;2024-05-29

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3. WHAT (DE)MOTIVATES GEN Z WOMEN AND GEN Z MEN AT WORK? COMPARATIVE STUDY OF GENDER DIFFERENCES IN THE YOUNG GENERATION’S MOTIVATION;Journal of Business Economics and Management;2023-12-07

4. Work characteristics and emotional exhaustion among young workers: a latent class analysis;BMJ Open;2023-10

5. How Career Development Professionals Can Close the Gap Between Human Resources and Gen Z;Handbook of Research on Sustainable Career Ecosystems for University Students and Graduates;2023-06-30

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