Date
26 September 2017
Pay and benefits, rather than personal interests, are said to be the main factors prompting the younger generations to switch jobs. Photo: Bloomberg
Pay and benefits, rather than personal interests, are said to be the main factors prompting the younger generations to switch jobs. Photo: Bloomberg

Gen Z driven more by money in hunt for new jobs

Salary and benefits are the main motivating factors for people from the so-called Generation Z, or the post-90s generation, to seek new jobs in Hong Kong and mainland China, a survey found.

The survey, conducted by Tamty McGill Consultants International on behalf of Continuing Professional Development Alliance (CPDA), a group of professional societies in Hong Kong, has shown that members of the post-80s generation, or Generation Y, in Hong Kong who are changing jobs also now consider salary and benefits the most important factor.

That marks a deviation from earlier when they were mainly looking for jobs to match their interests.

In the mainland, however, the Generation Y is still said to be driven largely by personal interests in seeking new work.

Tamty McGill has interviewed 3,521 people for its survey, tracking over the past four years the factors in play behind the search for new jobs among the younger generations. 

Younger generations are in general are perceived by employers as being more self-centered, said Virginia Choi Wai-kam, chairwoman of the CPDA.

The results show overall that the younger generations are looking more for money. This might be attributable to changes in society which has become more materialistic and individual-oriented, according to Alexa Chow, a director at Centaline Human Resources Consultants.

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