Younger workers 'value training over pay'

The country's younger workers deem training opportunities and the promise of a good work/life balance as more important then cash bonuses, according to a new report by PricewaterhouseCoopers.

The data, compiled after a poll of 4,000 'millennials' - people who were born between 1980 and 2000 revealed that 22 per cent of survey respondents said that training and development was the benefit they valued most from an employer.

This was followed by 19 per cent favouring flexible working, while cash bonuses ranked in third place with 14 per cent and four per cent said they would prefer no benefits and higher wages.

Jon Andrews, partner at PwC said millennials clearly want more than just a job, desiring rapid progression, a varied and interesting career, and constant feedback.

"What they want might shift as they move through different stages of life and their commitments change, but this group is characterised by their ambition and optimism as they look at more than money when there's an offer on the table," he added.

Mr Andrew said these are "significant implications" for employers, as they need to adapt to ensure they remain attractive to this demographic.

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Posted by Nikki Barrister

Filed: 30-01-2012