The Way Business Is Moving published by
Issue Date: June 2008

Generation Y managers value loyalty over pay

June 2008

Younger managers in the IT sector are a loyal, ethical bunch focused on long-term career aspirations.

Far from the stereotype of Generation Y individuals being self-obsessed, disloyal, and impatient, a report from the Chartered Management Institute in the UK revealed managers of 35 and under to be driven and loyal.
Only 14% of respondents claimed they would quit their job tomorrow if they bagged a winning lottery ticket, and 85% were motivated to work for a company that did something they believed in.
"Generation Y has been dismissed as self-centred, yet the evidence shows that this is not the case. Overall there is a strong desire to develop at work and enjoy their job, with inability to progress a strong negative for them," said Jo Causon, director, marketing and corporate affairs at the Chartered Management Institute.
Instead of job-hopping, the report found that almost two-thirds of young IT managers had stayed in their role for three or more years, and many gave up their evenings or weekends to work if the job called for it.
Rather than motivated by money, they recognised that skills development was important. More than 80% said that they would be motivated to join a company that offered training and development and challenging work, while only 26% specified pay as important.
Source: Computergram

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