Generation shift

Written on the 3 December 2010

OCT 2010

A SKYE Recruitment survey has shown the values of generation X and Y employees in the mining sector has shifted, with a greater emphasis on job security and lower salary expectations.

The survey included the CEOs and HR teams of 12 large mining companies, providing insight into the generational changes at play in the labour market.

Skye Recruitment director Kye Macdonald says Gen Y employees are becoming more like baby boomers in their work preferences, but there still are differences in their approach to the workplace.

“What is interesting is that overall, the differences that were quite distinct a year ago have softened – the three generations are getting more blurred in terms of career moves,” he says.

“For example, the baby boomers have lived through the 90s recession so naturally, feel loyal to a job as it means security – now that X and Y have seen bad economic times, they have increased their valuation of a secure job.

“Gen Y think the Xers are whingers, Gen X sees Y as arrogant and everyone thinks the baby boomers are self-absorbed workaholics.”

The survey showed that generation Y is less focused on salary while generation X has higher salary expectations, with a dislike of micromanagement and the least enthusiasm for working extra hours without overtime.

Also, baby boomers typically stay with a job for 10 years, generation X for five years and generation Y for two years.


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter