Millennials at work: men vs. women
Millennials’ workplace dynamics have been a major area of interest to researchers and recruiters today. But few studies have examined the difference between millennial men and women in this respect.
Published on July 17, a new study by leading recruiting software firm Jobvite titled “Millennial Men and Women: The Way They Work” focuses on just that, featuring substantial data on existing differences between genders in terms of work experience.
To help you make sense of these differences as an insight-seeking recruiter, concerned millennial or inquisitive reader, here’s a breakdown of the main findings:
What do millennial men and women value the most in the workplace?
A majority of surveyed millennial men cited growth opportunities and office location when asked about what they value the most at work, while most millennial women picked work-life balance as their most important job-related value.
Company culture also emerged as a top priority to Gen Y women with 49 percent of them deeming it to be a decisive factor in accepting a job offer, as opposed to just 40 percent of millennial men.
How does the gender pay gap translate in numbers?
Values and preferences aside, the study revealed that Gen Y men are generally more satisfied with their initial salary offers than women. What is even more interesting is that millennial men, despite being more satisfied with initial offers, are still more comfortable negotiating their salaries than their female counterparts.
And when they do negotiate, they are remarkably more successful in getting a five to 20 percent raise than women do, with a success success rate of 82 percent against just 54 percent respectively. This being said, both genders are willing to take a 10 percent pay cut for a job they are passionate about.
Can we predict how millennials will feel about their jobs in the future?
When it comes to future prospects, 56 percent of millennial men are expected to be satisfied with their job as opposed to 51 percent of women, which explains why more millennial women anticipate they will hold more jobs than their male counterparts throughout their career.