Millennials and Gen Z see career progression more pivotal than pay

Millennials and Generation Z consider career progression more important than pay.

This is according to CareerAddict.com, which discovered that 82 per cent of mainly millennials and Gen Z survey say job progression is more essential than pay.

Survey respondents said that the main reason they would quit a role is lack of career advancement opportunity, low pay came in second and an absence of salary raise came in at third. Over a third (35 per cent) of those who had already left their job said they would consider returning if they were offered a better salary or a higher position.

Only 18 per cent of employees said they regretted leaving their jobs.

Worryingly, over half (53 per cent) have said they have been discriminated against by their superiors in the office, with the biggest section of employees saying this being women. A quarter (25 per cent) said they have felt discriminated against because of their gender, again with most employees saying this being women.

Christopher Thoma, project manager of CareerAddict.com said:

We wanted to truly uncover what exactly pushed workers over the edge. Our findings were quite fascinating, showing that the modern workforce is more complex than ever, with job satisfaction and progression proving vitally important.

CareerAddict.com asked 1,000 employees to collaborate these results, with 67 per cent of the survey respondents being millennials or Gen Z.

Back in September 2019, Towergate Health & Protection compiled a list of the best ways to retain Gen Z talent as Gen Z now outnumber the number of millennials in the world population. They also found that 73 per cent of Gen Z workers left their role in 2018 as it was below their expectations, compared to 48 per cent of the wider population.

Towergate believe as Gen Z has the least amount of experience compared to other sections of the working society, they are “most at risk of becoming disengaged in the workplace”.

 

 

 

 

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Darius McQuaid

Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.