KHOJ: Journal of Indian Management Research and Practices

Manohar Mahadeo Karade ¹, Sayalee Gankar ², Apurva Bhagwat ³

Affiliations
1 MIT-School of Management, Pune-38, IN
2 MIT-School of Management, Pune, IN
3 MIT School of Management, IN

Abstract

In today's scenario Gen Y employees comprise of almost half of the Indian working population and are growing at a rapid pace. They are the workforce of the future. Now is the time to understand and target the new generation of agents, the Gen Y group. What Gen Y really wants is to make a good living-but these young professionals also want to find happiness, fulfillment and opportunity in their work, and to build the foundation for a career that rewards in ways beyond the mere financial. The study deals with the Generation Y also known as the "Millennials". The major part of today's workforce consists of Gen Y and this study is an attempt to find out their thinking before they take up job opportunities, the study also throws light on the perception of the managers who are the job providers. The research paper seeks to identify the expectations of Gen Y employees. The researchers have used the exploratory research design for this study. Investigation was carried out through two different Structured Questionnaire i.e for Gen Y Employees and for Managers. 153 total surveys of Gen Y employees were completed and 34 responses from managers were received. From the study it was found out that the preferences of Gen Y employees change with the change in their age, marital status and the family size or the no. of dependents. The findings with regard to managers i.e. Company Tracked Gen Y Preferences before providing Job Opportunities are not affected by demographic factors such as age and gender but it varies with the type of company. In this study the monetary aspects of compensation have not been taken due to rigidity in sharing the data by the respondents.

Keywords

Gen Y, Compensation, Perception, Millennials, Investigation.

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