Younger Workers' Job Expectations Becoming The Norm

Jan. 13, 2005
Skills development, promotions, compensation, paid time off, and culture are what workers younger than 30 say are the five most effective ways to attract and retain them. The fifth annual Strategic Rewards survey from Watson Wyatt Worldwide also found ...

Skills development, promotions, compensation, paid time off, and culture are what workers younger than 30 say are the five most effective ways to attract and retain them. The fifth annual Strategic Rewards survey from Watson Wyatt Worldwide also found that those preferences expressed by the under-30 group are beginning to be reflected in companies' overall non-monetary reward strategies. More than three-quarters -- or 76% -- of the companies surveyed said that they have increased advancement opportunities in their organization. That compares with just 60% a year ago. In addition, the percentage of companies that offer flexible work schedules has climbed from 64% to 73%. Some 68% -- compared with 62% in 1999 -- say they have increased opportunities for employees to learn new skills. And 43% -- compared with 33% a year ago -- offer opportunities to work-at-home. At the same time, that new emphasis on non-monetary rewards has reduced the appetite of companies to pay above-the-market premiums for workers. Only 25% of companies said they used that strategy in 2000 compared with 43% the year before.

Popular Sponsored Recommendations

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

The Best Strategies to Improve Engineering and Shift Towards a Profitable Future

June 26, 2023
To gain clearer insight into this shift for small and mid-sized companies, Lifecycle Insights conducted the 2022 Engineering Strategies for Small and Mid-Sized Companies Study...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

7 Benefits of Adopting Smart Manufacturing

Aug. 9, 2023
Make smart manufacturing a reality.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!