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Generation Y’s expectations of their future employment relationships pose a challenge for their employers Patterns in Neighboring Areas

Author

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  • Katarzyna Dziewanowska

    (University of Warsaw, Poland)

  • Alison Pearce

    (Northumbria University, UK)

  • Nada Zupan

    (University of Ljubljana, Slovenia)

Abstract

Generation Y is starting to represent a significant proportion of the labor force and adds to the diversity challenges faced by companies, especially those operating in a global market. Although many characteristics of Generation Y with regard to work and employment have been identified through research, most comes from developed Western countries. We explored the employment expectations of business students in Poland, Slovenia, the UK and South Korea from the psychological contract perspective. We aimed to identify and explain differences between anticipated employee and employer obligations of future entrants to the labor market. Overall, students expect more relational and balanced dimensions of a psychological contract than transactional. However, there are significant differences in the elements, dimensions and types of psychological contract between countries. Polish and Slovenian responses show more elements of a transactional contract than the UK and Korean. The differences can be explained by taking into account economic context and national culture characteristics. The implications of the results for employers’ approach to managing young talent are also discussed.

Suggested Citation

  • Katarzyna Dziewanowska & Alison Pearce & Nada Zupan, 2016. "Generation Y’s expectations of their future employment relationships pose a challenge for their employers Patterns in Neighboring Areas," Journal of Human Resource Management, Comenius University in Bratislava, Faculty of Management, vol. 19(1), pages 1-12.
    • Handle: RePEc:cub:journl:v:19:y:2016:i:1:p:1-12
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    References listed on IDEAS

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    1. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    2. Zupan, Nada & Kaše, Robert & Raškovic, Matevž & Yao, Kai & Wang, Chunyan, 2015. "Getting ready for the young generation to join the workforce: A comparative analysis of the work values of Chinese and Slovenian business students," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 20(2), pages 174-201.
    3. Zupan, Nada & Kaše, Robert & Raškovic, Matevž & Yao, Kai & Wang, Chunyan, 2015. "Getting ready for the young generation to join the workforce: A comparative analysis of the work values of Chinese and Slovenian business students," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 20(2), pages 174-201.
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    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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