A brand new LinkedIn Workforce Confidence survey analyzed how every era feels about pay decreases within the office. Predictably, no era was looking forward to a minimize in wages, however there have been caveats to this, together with upward mobility. Practically half of Gen Z staff stated they’d think about a pay minimize if it meant that they had a clearer path to promotions and job enhancements. This was considerably much less engaging to generations who’re nearing the top of their careers or have already established their careers. Solely 35% of Millennials, 31% of Gen X, and 16% of Child Boomers agreed {that a} pay minimize could be price a lift to their profession.
Moreover, flexibility was seen as a value-add for all generations of staff, however 38% of each Millennials, who’re the most probably to be balancing the duties of parenthood alongside their careers, and Gen Z, who’re recognized for his or her eagerness for work-life stability and distant workplace hours, cited they’d take a wage minimize in trade for extra flexibility round the place they work.
