Young generations expect to be paid more
Two-thirds of young employees expect a salary raise this year. This expectation gets weaker with age, according to a survey conducted by K&H Bank and summarized in a press release sent to the Budapest Business Journal. Young people aged 19-25 show the greatest willingness to seek work opportunities abroad.
According to previous studies on generations Y and Z, young people in these age groups will change jobs easily, like high starting wages, and want to work in a modern environment within a flexible work schedule, and preferably in a high position from the outset. A new survey by K&H Bank adds new details about their expectations regarding working conditions.
A large majority of 78% of those polled in the 19-25 age group said they expect a salary raise this year, while 56% of those aged 25-29 have such expectations.
As for preparations for their future jobs, young people seem very conscious about their future plans. More than two-thirds, or 70% of respondents, said they enjoy what they are studying, while 27% said they are considering opportunities to study abroad. While 42% of those aged 19-25 indicated an openness to working abroad, only 14% of the older age group responded affirmatively to this question.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.