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J Bus Psychol (2010) 25:281–292

DOI 10.1007/s10869-010-9159-4

New Generation, Great Expectations: A Field Study


of the Millennial Generation
Eddy S. W. Ng • Linda Schweitzer •

Sean T. Lyons

Published online: 16 February 2010


! Springer Science+Business Media, LLC 2010

Abstract Implications Changing North American demographics


Purpose This study investigated the career expectations have created a crisis in organizations as they strive to
and priorities of members of the ‘‘millennial’’ generation recruit and retain the millennial generation, who purport-
(born in or after 1980) and explored differences among this edly hold values, attitudes, and expectations that are sig-
cohort related to demographic factors (i.e., gender, race, nificantly different from those of the generations of
and year of study) and academic performance. workers that preceded them. A better understanding of the
Design/Methodology/Approach Data were obtained from Millennials’ career expectations and priorities helps
a national survey of millennial undergraduate university employers to create job offerings and work environments
students from across Canada (N = 23,413). Data were that are more likely to engage and retain millennial
analyzed using various multivariate techniques to assess workers.
the impacts of demographic variables and academic Originality/Value This is a large-sample study that pro-
achievement on career expectations and priorities. vides benchmark results for the millennial generation,
Findings Millennials placed the greatest importance on which can be compared to results from other generational
individualistic aspects of a job. They had realistic expec- cohorts, and to millennial cohorts in the future as they
tations of their first job and salary but were seeking rapid progress through their life-cycle. This is one of the few
advancement and the development of new skills, while also studies that examines demographic heterogeneity within
ensuring a meaningful and satisfying life outside of work. the millennial cohort.
Our results suggest that Millennials’ expectations and
values vary by gender, visible minority status, GPA, and Keywords Canada ! Career expectations !
year of study, but these variables explain only a small Millennial generation ! University students
proportion of variance.

Introduction

E. S. W. Ng
The impending retirement of a large cohort of North
College of Business Administration, California State Polytechnic
University, 3801 West Temple Ave, Pomona, CA 91768, USA American employees (Baby Boomers) has created a crisis
e-mail: esng@csupomona.edu in organizations as they strive to recruit and retain the
younger generations, who purportedly hold significantly
L. Schweitzer
different values, attitudes, and expectations from the gen-
Sprott School of Business, Carleton University, 710 Dunton
Tower, 1125 Colonel By Drive, Ottawa, ON K1S 5B6, Canada erations of workers who preceded them (Economist 2009).
e-mail: lschweit@sprott.carleton.ca David Foot first used the term ‘‘Baby Boom Echo’’ to
describe the generation born between 1980 and 1995.
S. T. Lyons (&)
These are the children of the Boomers and there are 76
University of Guelph, 50 Stone Rd. E, 213 J.D. McLachlan
Bldg, Guelph, ON N1G 2W1, Canada million of them in the United States (Trunk 2007) and 6.9
e-mail: slyons01@uoguelph.ca million of them in Canada (Foot and Stoffman 1998).

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Given their characteristics and the events that define their Emphasis on Work/Life Balance
lives (e.g., globalization, rapid technological advancement,
increasing demographic diversity), various authors have Millennials have reportedly seen their boomer parents
labeled them as Generation Y, Millennials, Nexters, and work long hours, only to fall victim to corporate down-
the Nexus Generation (Barnard et al. 1998; Burke and Ng sizing, frequent layoffs, and high divorce rates (Loughlin
2006; Zemke et al. 2000). For the purpose of this study, we and Barling 2001). As a result, they have become wary of
will use the term ‘‘Millennials’’ to keep up with the popular being put in the same position, and choose ‘‘making a life’’
literature. over ‘‘making a living’’ (Zhang et al. 2007). Events such as
A review of the popular literature suggests that the the September 11th terrorist attacks have also caused
Millennials ‘‘want it all’’ and ‘‘want it now,’’ in terms of Millennials to re-evaluate their life priorities and choose
good pay and benefits, rapid advancement, work/life bal- work that allows them to make their personal lives a pri-
ance, interesting and challenging work, and making a ority (Corporate Leadership Council 2005). Given their
contribution to society. In this article, we build on existing higher levels of education, Millennials are more likely to
literature on the stereotypes that persist regarding Millen- negotiate the terms under which they work, and demand
nials, and use a large survey sample to document their work/life balance at every stage of their careers (Corporate
career-related goals, expectations, and the priorities that Leadership Council 2005; McDonald and Hite 2008).
they bring to bear on their career choices. Rather than
contrasting the Millennials to other generations, as much of Good Pay and Benefits
the literature has done (e.g., Dries et al. 2008; Lancaster
and Stillman 2002; Lyons 2003), our objective is to con- In a recent study, pay was found to be the single most
tribute to the understanding of the career expectations of important motivational factor for the Millennials (Corpo-
the Millennials, and how these expectations are manifested rate Leadership Council 2004). The emphasis on financial
in their work-related choices and career decision making. reward may reflect, in part, the Millennials’ need for
In light of the projected shortage of workers over the feedback. McClelland (1965, p. 7) noted that ‘‘the person
next 25 years (Statistics Canada 2007), the Millennials will with a high need [for achievement] is interested in money
have a high degree of choice in selecting the organizations rewards or profits primarily because of the feedback they
for which they want to work, based on the kind of working give him as to how well he is doing… the money reward is
conditions, opportunities, and flexibility employers can not the incentive to effort.’’ Alternatively, the expectation
offer. Already, hiring managers have been reported as of good pay and benefits may also reflect the sense of
saying ‘‘we’re not interviewing [Millennials], they’re entitlement that persists among Millennials. Hill (2002)
interviewing us’’ (Kyle 2009). As employers strive to used the term ‘‘ability-performance nexus’’ to describe the
attract and hire high-value young employees, it is more disconnect between what Millennials expect to achieve and
important than ever for employers to understand the what they are capable of achieving. In a similar vein, a
expectations that young people bring to the labor market. recent study of university students, (Greenberger et al.
2008) found that Millennials demonstrated a sense of
entitlement to good grades which was not related to their
The Millennials’ Career-Related Expectations actual academic abilities.

It has been suggested that many of the career goals and Prospect of Rapid Advancement
expectations among Millennials are ‘‘supersized,’’ unreal-
istic, and disconnected between reward and performance. Millennials also appear to have high expectations when it
Although recent studies have reported on the work and comes to promotions and pay raises. They have been
career expectations of young workers in the U.K. (Terjesen reported to wonder why they were not getting pay raises
et al. 2007), Belgium (Dries et al. 2008), and New Zealand and promotions after six months on the job (Erickson
(Cennamo and Gardner 2008), there has been relatively 2009). For example, a recent university graduate working
little empirical research documenting the specific expec- at an investment bank in downtown Toronto reported that
tations of North American Millennials with respect to their he will learn as much as he can and then move on for
jobs, organizations, and work environments. On the basis something bigger and better, because he couldn’t wait two
of the extant literature on the millennial generation, we years to get promoted (Pooley 2005, 2006). This ‘‘impa-
have identified five predominant themes: work/life balance, tient to succeed’’ attitude has resulted in an expectation for
good pay and benefits, opportunities for advancement, instant rewards rather than ‘‘paying dues,’’ which the Gen
meaningful work experiences, and a nurturing work envi- Xers have had to endure. When they do not see the quick
ronment. Each of these themes is discussed briefly below. rewards at one firm, Millennials will move to an employer

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that provides greater opportunities. It is interesting to note 2004). The human aspect of work may also help make the
that, while promotions are very important to Millennials, job more engaging for Millennials.
they want them with minimal effort, perhaps reflecting the To summarize, we have good reason to believe that the
sense of entitlement that is the product of a pampered new generation does have great expectations. Specifically,
up-bringing (Corporate Leadership Council 2005; Twenge we anticipate they would be impatient to succeed and have
2006). high expectations for pay and advancement with little link
to performance, given their relative narcissism and sense of
entitlement (Twenge 2006). At the same time, we also
Meaningful Work Experiences expect that they would emphasize the social aspect of the
workplace and want good coworkers and supervisors.
Millennials are seeking much more in return for their hard Additionally, Millennials are said to have a desire to ‘‘save
work than a paycheck. They are also looking for work that the world,’’ and are likely to have high expectations for
is meaningful and fulfilling (Lancaster and Stillman 2002; social responsibility and ethical behavior on the part of
Yang and Guy 2006). Millennials are increasingly looking their employers. We expect that few would want to spend
at a company’s values and mission and want to work for their whole career with the same employer, and many
those firms that go beyond simply making money. For would ‘‘jump ship’’ several times over the course of their
example, during the interview process, many Millennials careers in search of meaningful work, prioritizing lifestyle
have been asking what the firm can do to help them to choices, and choosing employers with values more con-
lead more purposeful and meaningful lives (Corporate gruent to their own.
Leadership Council 2005). A recent study conducted by This study makes a contribution to existing literature in
PriceWaterhouseCoopers (2008) found that corporate four ways: (1) We document the career-related goals,
responsibility is critical to Millennials, and the great expectations, and the priorities that the Millennials bring to
majority (88%) indicated that they will seek an employer bear on their career choices; (2) We provide empirical
whose related values match their own. Indeed, previous evidence to support or disavow the popular stereotypes of
studies have found a firm’s corporate social responsibility this new generation of workers; (3) We examine potential
reputation to be related to its ability to attract younger job sources of heterogeneity among Millennials’ expectations
applicants (Greening and Turban 2000; Turban and and priorities, including gender, visible minority status, and
Greening 1996). While Millennials are concerned with academic achievement; and (4) We provide employers with
making a contribution, they also place a high value on some direction on how to manage the next generation of
professional growth that enables them to take on high- workers.
impact assignments. They have low tolerance for less-than-
challenging work, and often perform poorly in high-vol-
ume and non-stimulating work (Corporate Leadership Method
Council 2005). In addition, Millennials appear to be
seeking the opportunity to broaden their horizons through Data for this study were collected by three strategic con-
job mobility and international assignments (PriceWater- sulting firms, commissioned by a consortium of large
houseCoopers 2008). Canadian employers interested in better understanding the
views of the Millennials on jobs, organizations, careers and
Nurturing Work Environment their perceptions of their organizations. The original data
set included 27,592 postsecondary students from across
Millennials have gone to school in an era in which they are Canada. From this sample, we focused only on millennial
frequently assigned to group projects and presentations respondents who are studying for an undergraduate college
(Lowe et al. 2008). As a result, they emphasize the social or university degree (graduate students and respondents
aspect of work (e.g., friendly coworkers, fun environment) born before 1980 were excluded). This population segment
(Lyons 2003). Millennials also like collaborating closely is important to organizations as they represent a major
with, and learning from, colleagues and managers they source of hiring for skilled jobs such as managers, pro-
respect, and hope to form friendships with their coworkers fessionals, and technical workers, for both the government
(Corporate Leadership Council 2005). Perhaps not sur- and private sector. The final sample size included 23,413
prisingly, ‘‘manager quality’’ was rated as a top motiva- respondents, representing 85% of the original data set. The
tional factor (after pay) for Millennials, since they want an median age of the respondents was 22 years (ranging from
atmosphere where supervisors and managers are constantly 18 to the millennial cutoff of 27). Table 1 presents the
available for feedback (Corporate Leadership Council demographic profile of the respondents.

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Table 1 Sample profile (N = 23,413) to the salary that they expected to earn 5 years following
Demographic N Percentage (%)
graduation.
Desired work attributes Respondents were asked to rate
Gender the importance of 16 items pertaining to a variety of work-
Female 14,237 60.9 related attributes that they consider to be important when
Male 9,147 39.1 making job choice decisions, on a 5-point scale (1 = not at
Minorities all important; 5 = essential). Sample items included,
Aboriginal 267 1.2 ‘‘good people to work with,’’ ‘‘good people to report to,’’
Persons with disabilities 311 1.4 ‘‘organization is a leader in its field,’’ ‘‘commitment to
Visible minorities 4,627 20.3 social responsibility,’’ ‘‘good initial salary level,’’ ‘‘job
Gay, lesbian, bisexual, transgender 640 2.8 security,’’ and ‘‘challenging work.’’ The full list of items
Year of Study can be found in Table 4. These items were similar to those
First (Freshman) 4,331 18.5 used by Boswell et al. (2003) in their analysis of individual
Second (Sophomore) 4,990 21.3 job choice decisions.
Third (Junior) 5,851 25.0
Fourth (Senior) 6,200 26.5 Analytic Procedure
Fifth or more 2,007 8.6
Work experience Although the analyses in this study are largely descriptive,
Co-op/Internship 7,166 33.5 it is important to examine potential sources of heteroge-
Neither 14,255 66.5 neity among Millennials related to other pertinent demo-
GPA graphic factors. We therefore conducted a number of
3.70–4.00 (A; 80–100%) 6,453 27.6 analyses to determine whether the dependent variables in
2.99–3.69 (B; 70–79%) 13,592 58.2 the study were affected by gender, belonging to a visible
1.80–2.79 (C; 60–69%) 3,105 13.3
minority2 group, work experience, and students’ year of
1.10–1.79 (D; 50–59%) 178 .8
study in their university program.
\1.10 (F; \50%) 17 .1
For categorical dependent variables (i.e., likelihood of
accepting a less-than-ideal job; seeking an employer where
one could spend one’s whole career), logistic regression
Measures analyses were performed with gender, visible minority
status, grade point average (GPA), and year of study as
Given the breadth of the original survey, we only selected independent variables. For continuous dependent variables
items that pertain to the career goals and expectations of (i.e., promotion expectations; salary expectations), ordinary
the Millennials. These included expectations about careers, least squares multiple regression analyses were performed
pay and advancement, and work attributes which they with gender, visible minority status, GPA, and year of
consider important when making their job choice decisions. study as independent variables. For the set of 16 work
Career expectations were measured by two questions. attributes, a multivariate analysis of variance (MANOVA)
First, respondents were asked whether they would be was conducted with the set of work attributes as the
willing to accept a job that is ‘‘not ideal, but is a good dependent variables, gender, visible minority status, and
starting point for your career.’’ A second question asked work experience as independent variables, and GPA and
whether respondents would like to find an organization year of study as covariates.
where they could spend their whole career. Our large sample size increased the likelihood of sta-
Advancement expectations were assessed using a single tistical significance in the multivariate analysis, even with
question. Respondents were asked to indicate how soon very small effect sizes. Therefore, we assessed the pro-
they would expect to be promoted after they have found portion of variance explained by the various independent
employment following graduation. variables, and used a conservative significance cutoff of
Pay expectations were assessed by two separate ques- p \ .01.
tions. The first asked respondents to enter the dollar
amount1 corresponding to the salary that they expect to
earn immediately following their graduation from univer-
sity. The second asked for the dollar amount corresponding
2
Visible minority refers a person who is identified, according
Statistics Canada, as someone who is non-Caucasian in race or
1
All figures reported are in Canadian dollars. nonwhite in color.

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Results 9% less likely than men to seek an employer for whom they
could work their whole career (odds ratio = .91, p \ .01).
Career Expectations Students with work experience were 9% less likely to seek
a career-long employer than those with no work experience
Seventy-one percent of the respondents indicated that they (odds ratio = .91, p \ .01). People who were members of
would accept a less-than-ideal job as a career starter. The a visible minority group were 10% more likely than non-
logistic regression results (Table 2) indicated that the minorities to seek an employer for whom they could work
model fit the data adequately (Hosmer–Lemeshow v2 their whole career (odds ratio = 1.10, p \ .01). Further-
(8, N = 20,831) = 3.81, p = .87). However, the model more, the likelihood of seeking an employer where one
explained a very small proportion of the variance (Nage- could spend their entire career decreased by 5% with each
lkerke R2 = .007). The results indicate that women were successive year of study (odds ratio = .95, p \ .01).
17% more likely than men to accept a less-than-ideal job Finally, the likelihood decreased by 14% with each addi-
(odds ratio = 1.17, p \ .01). Students with work experi- tional grade point (odds ratio = .86, p \ .01).
ence were 15% less likely to accept a less-than-ideal job
than those with no work experience (odds ratio = .85, Pay and Advancement Expectations
p \ .01). Furthermore, the likelihood of accepting a job
that is less-than-ideal increased by 9% with each succes- More than two-thirds (68.5%) of respondents expect to be
sive year of study (odds ratio = 1.09, p \ .01). The like- promoted within the first 18 months in their first job. The
lihood of accepting a less-than-ideal job decreased by 8.5% average expectation for promotion was 15.1 months
with each additional grade point (odds ratio = .92, (SD = 7.22). The multiple regression model with promo-
p \ .01). There were no significant differences between tion expectations as the dependent variable and gender,
visible minorities and nonminorities. visible minority status, year of study, work experience, and
Half of the respondents (50%) indicated that they would GPA as independent variables (shown in Table 3) showed
like to spend their whole career with a single organization, an adequate fit to the data F(5, 19,761) = 63.59, p \ .01,
while the other half did not know or would not want to but explained \2% of the variance in promotion expecta-
spend their careers with a single organization. The logistic tions (adjusted R2 = .016). Two of the independent
regression results (Table 2) indicated that the model fit the variables were significantly associated with promotion
data adequately, but marginally (Hosmer–Lemeshow v2 (8, expectations. Specifically, men expected more rapid
N = 20,794) = 13.5, p = .10). However, again the model
explained a very small proportion of the variance (Nage-
Table 3 Regression Analyses
lkerke R2 = .007). The results indicate that women were
Variables Unstandardized Standard Standardized
coefficients B error SE(B) coefficients b
Table 2 Logistic regression analyses (N = 20,882) Promotion expectations (N = 19,761)
Variable Unstandardized Standard Odds Gender 1.73** .11 .12
coefficients error SE(B) ratio eB Visible minority -.24 .13 -.01
B
Year of study .24** .04 .04
Willing to accept a nonideal job Work experience .05 .11 .00
Gender .16** .03 1.17 Grade point average .10 .08 .01
Visible minority -.06 .04 .94 Initial salary expectations (N = 19,790)
Year of study .09** .01 1.09 Gender -6079.69** 214.60 -.20
Work experience -.17** .03 .85 Visible minority 1117.06** 260.21 .03
Grade point average -.09** .02 .92 Year of study -864.42** 87.98 -.07
Seeking one employer for whole career Work experience 3263.65** 227.39 .10
Gender -.09** .03 .91 Grade point average 1396.92** 161.90 .06
Visible minority .09** .04 1.10 Salary expectations 5 years later (N = 19,567)
Year of study -.05** .01 .95 Gender -13344.44** 485.70 -.19
Work experience -.09** .03 .91 Visible minority 4735.67** 590.18 .06
Grade point average -.16 .02 .86 Year of study -2379.12** 199.33 -.09
Work experience 3168.63** 514.58 .04
Note: Reference categories: Gender Male, Visible minority Not a
member of a minority group, Work experience No work experience Grade point average 2518.96** 367.20 .05
**p \ .01 **p \ .01

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promotions than did women (b = .12, p \ .01). Also, the Table 4 Work-related attributes (N = 11,398, When considering
expected time to first promotion increased significantly employment immediately following graduation, how important are
the following to your decision making?)
with each additional year of study (b = .04, p \ .01).
The average initial starting salary expectation for a first Attribute M SD
job was $42,964 (SD = 15,093.54) and this expectation
Opportunities for advancement in position 4.49 .69
quickly rose to $69,663 (SD = 34,073.10) within five years
Good people to work with 4.46 .68
after graduation (an increase of 63%). The regression model
Good people to report to 4.43 .68
with expected starting salary as the dependent variable and
Good training opportunities/developing new skills 4.41 .69
gender, visible minority status, year of study, work experi-
Work-Life balance 4.33 .80
ence, and GPA as independent variables showed an adequate
Good health and benefits plan 4.32 .77
fit to the data F(5, 19,790) = 251.08, p \ .01, but these
Good variety of work 4.23 .76
variables explained only 6% of the variance in initial salary
Job security 4.18 .81
expectations (adjusted R2 = .06). All of the independent
Good initial salary level 4.17 .71
variables were significantly related to starting salary
expectations. Specifically, women expected significantly Challenging work 4.07 .82
lower starting salaries than men (b = -.20, p \ .01). Opportunities to have a personal impact 3.98 .89
Members of visible minorities expected higher initial sala- Commitment to social responsibility 3.84 .94
ries than nonminorities (b = .03, p \ .01). Initial salary Opportunities to have a social impact 3.82 .99
expectations decreased significantly with each successive Organization is a leader in its field 3.65 .90
year of study (b = -.07, p \ .01) and increased with each Strong commitment to employee diversity 3.58 1.10
additional GPA point (b = .06, p \ .01). Finally, initial Opportunity to travel 3.46 1.08
salary expectations were higher for those with work expe-
rience (b = .10, p \ .01) than without work experience.
The regression model with expected salary after five pay, benefits and security such as good health and benefits
years as the dependent variable and gender, visible plan (M = 4.32), job security (M = 4.18) and good initial
minority status, year of study, work experience and GPA as salary (M = 4.17) ranked in the middle, behind career
independent variables showed an adequate fit to the data advancement and a collegial environment (i.e., good peo-
F(5, 19,567) = 213.39, p \ .01, but these variables ple to work with). It is particularly noteworthy that com-
explained only 5% of the variance (adjusted R2 = .05). All mitment to social responsibility (M = 3.84), opportunities
of the independent variables were significantly related to to have a social impact (M = 3.82), and strong commit-
salary expectations. Again, women expected significantly ment to employee diversity (M = 3.58) ranked at the
lower salaries after 5 years than did men (b = -.19, bottom of the list (all means \4.00, see Table 4).
p \ .01). Members of visible minorities expected higher MANOVA results indicated that gender, visible minor-
5-year salaries than nonminorities (b = .06, p \ .01). ity status, work experience, GPA, and year of study were
Expectations for salaries after 5 years of employment all significantly related to the set of 16 work attributes.
decreased significantly with each successive year of study Furthermore, a significant interaction effect was observed
(b = .09, p \ .01) and increased with each additional GPA between gender and visible minority. The results of pro-
point (b = .05, p \ .01). Finally, 5-year salary expecta- tected ANOVA F-tests revealed that this interaction effect
tions were higher for those with work experience (b = .04, was significant for only two of the work attributes:
p \ .01) than without work experience. opportunities for advancement and variety in one’s work. A
closer examination of mean scores revealed that among
Desired Work Attributes people in a visible minority group, minority women placed
more importance on opportunities for advancement than
The Millennials rated opportunities for advancement did minority men. However, for nonminorities, the oppo-
(M = 4.49) as the most desirable work-related attribute, site was true, with men placing more importance on this
confirming the stereotype that they are impatient to succeed work attribute than women. Although male minority group
(see Table 4). They also rated good people to work with members placed less importance on good variety of work
(M = 4.46) and good people to report to (M = 4.43) than men who were nonminorities, the opposite was true
among the leading attributes when making career deci- for women, as minority women placed more importance on
sions. Good training and developing new skills (M = 4.41) this work attribute than did nonminority women.
were next, indicating a strong desire for professional Table 5 displays the mean (importance) ratings for the
growth to take on high impact positions. Items related to various work attributes for both visible minorities and

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Table 5 Differences in ratings of work-related attributes between visible minorities and nonminorities (N = 9,998)
Attribute Non-minorities Visible minorities
a
M SE Ma SE

Good people to work with** 4.43 .008 4.50 .015


Good people to report to** 4.40 .008 4.50 .015
Good training opportunities/developing new skills** 4.37 .008 4.49 .016
Work-Life balance 4.30 .010 4.30 .018
Good health and benefits plan 4.27 .009 4.26 .018
Job security** 4.10 .010 4.23 .018
Good initial salary level* 4.16 .009 4.21 .016
Challenging work** 4.10 .010 4.01 .019
Opportunities to have a personal impact** 3.89 .011 4.02 .020
Commitment to social responsibility 3.77 .011 3.82 .022
Opportunities to have a social impact** 3.72 .012 3.86 .022
Organization is a leader in its field** 3.62 .011 3.76 .021
Strong commitment to employee diversity** 3.40 .013 3.90 .024
Opportunity to travel* 3.42 .013 3.51 .025
Note: ‘‘Opportunities for advancement’’ and ‘‘Good variety in work’’ are excluded, as there was a significant gender X visible minority
interaction for these variables
*p \ .01 **p \ .001
a
Estimated marginal means at year of study = 2.81 and GPA = 3.13

nonminorities. Significant differences between these two Table 6 Gender differences in ratings of work-related attributes
groups were observed in the importance ratings of 10 of the (N = 9,998)
work attributes (excluding those for which a significant Attribute Men Women
gender-by-visible minority interaction was observed).
Ma SE Ma SE
Specifically, members of visible minority groups placed
more importance than did nonminorities on good people Good people to work with 4.41 .013 4.55 .012
with whom to work, good people to report to, training and Good people to report to 4.37 .013 4.52 .012
development opportunities, job security, salary, opportu- Good training opportunities/developing 4.35 .013 4.51 .012
nities to have a social impact, opportunities to have a new skills
personal impact, organization is a leader in its field, Work-Life balance 4.17 .016 4.43 .014
employer commitment to diversity, and opportunities for Good health and benefits plan 4.12 .015 4.42 .013
travel. Nonminorities rated challenging work more highly Job security 4.04 .015 4.30 .014
than did visible minorities. Good initial salary level 4.15 .014 4.22 .013
Table 6 displays the mean importance ratings for men Challenging work 4.00 .016 4.11 .014
and women on the various work attributes. Women rated Opportunities to have a personal impact 3.81 .017 4.10 .015
every one of the work attributes higher in terms of their Commitment to social responsibility 3.63 .018 3.96 .016
importance than did men. Opportunities to have a social impact 3.59 .019 4.10 .015
As shown in Table 7, there were also significant dif- Organization is a leader in its field 3.64 .017 3.74 .016
ferences between people with and without work experience Strong commitment to employee diversity 3.41 .020 3.90 .019
on the importance of 11 of the 16 work attributes. Com- Opportunity to travel 3.38 .021 3.56 .019
pared to people with work experience, those without placed
Note: ‘‘Opportunities for advancement’’ and ‘‘Good variety in work’’
greater importance on health and benefit plans, job secu- are excluded, as there was a significant gender X visible minority
rity, commitment to social responsibility, commitment to interaction for these variables
employee diversity, opportunities to make a personal All differences were significant (p \ .001)
impact, and opportunities to have a social impact. Those a
Estimated marginal means at year of study = 2.81 and GPA = 3.13
with work experience, on the other hand, placed greater
importance on opportunities for advancement, variety of The MANOVA results indicate that ratings of work
work, challenging work, good people to work with, and attributes were also significantly associated with the
good people to report to. covariates GPA (F (16, 9867) = 16.07 p \ .001) and year

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Table 7 Differences in ratings of work-related attributes between people with and without work experience (N = 9,998)
Attribute No work experience Work experience
a
M SE Ma SE

Good people to work with* 4.45 .011 4.50 .014


Opportunities for advancement in position 4.52 .011 4.57 .014
Good variety of work 4.21 .012 4.29 .015
Good people to report to* 4.50 .014 4.47 .014
Good training opportunities/developing new skills 4.43 .011 4.43 .014
Work-Life balance 4.31 .013 4.29 .016
Good health and benefits plan** 4.31 .012 4.22 .016
Job security** 4.22 .013 4.11 .016
Good initial salary level 4.16 .012 4.21 .015
Challenging work** 3.99 .013 4.11 .017
Opportunities to have a personal impact** 4.03 .014 3.88 .018
Commitment to social responsibility** 3.86 .015 3.73 .019
Opportunities to have a social impact** 3.86 .016 3.72 .020
Organization is a leader in its field 3.67 .015 3.71 .019
Strong commitment to employee diversity** 3.71 .017 3.60 .022
Opportunity to travel 3.48 .018 3.46 .022
*p \ .01 **p \ .001
a
Estimated marginal means at year of study = 2.81 and GPA = 3.13

of study (F (16, 9867) = 14.53 p \ .001). Specifically, the expectations when it comes to their initial pay and first job
higher one’s GPA, the higher one’s importance rating of after graduation. The reasons for this realism may be
good variety of work (B = .05, p \ .001) and challenging twofold. First, because many of our respondents are near-
work (B = .13, p \ .001) and the lower one’s rating of ing graduation and beginning their career search, they are
good health and benefits (B = -.04, p \ .001), job secu- likely to have accessed statistical information online, as
rity (B = -.07, p \ .001), and strong commitment to well as received anecdotal salary information from their
employee diversity (B = -.11, p \ .001). The further peers. Our findings confirm that students closer to gradu-
along one is in one’s studies, the higher one’s ratings of the ation tend to have lower salary expectations than those who
importance of challenging work (B = .02, p \ .01) and the are in the earlier years of their educational programs.
lower one’s ratings of the importance of initial salary level Second, recent economic realities may have caused Mill-
(B = -.02, p \ .01), opportunities for advancement ennials to adjust their short-term expectations downward.
(B = -.02, p \ .01), the organization being a leader in its Most Millennials appear to understand that their first job
field (B = -.05, p \ .001), job security (B = -.06, may not fulfill all of their wants and needs. Perhaps, given
p \ .001), opportunity to travel (B = -.04, p \ .001), the current economic climate, there may be an implicit
strong commitment to employee diversity (B = -.06, understanding that accepting a less-than-ideal position may
p \ .001), opportunities to have a social impact (B = be necessary in the short term for longer-term career
-.04, p \ .001), and opportunities to have a personal attainment. From an employer’s perspective, these are
impact (B = -.02, p \ .01). positive findings, since met expectations have been linked
to higher job satisfaction, greater organizational commit-
ment, and overall improved individual performance (Earl
Discussions and Bright 2007). However, monitoring these expectations
over time will be important for employer recruitment
Are the Millennials living up to all of the ‘‘hype’’ and efforts.
stereotypes that they project, with respect to their career The Millennials identified opportunity for advancement
goals, expectations, and priorities? The results of this large- as a top priority, which confirmed their ambitious and
scale survey appear to indicate so. As expected, the Mill- impatient nature, and also had elevated expectations for
ennials have great expectations for their careers through rapid promotions and pay increases (as our results have
their job choice decisions. Perhaps more surprisingly, a indicated). The fact that there was no relationship between
majority of Millennials do seem to have some realistic performance (GPA) and expectations for promotion

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corroborates the stereotype of Millennials feeling entitled. their 20s, and often are free from family or care-taking
Furthermore, half of the respondents surveyed did not commitments at this stage of their life cycle (McMahon
want, or were not sure if they wanted, to find an organi- 2008). Instead, employers can take a page from Google’s
zation in which they could stay long term. This represents a playbook (see Fortune 2007, Best Company to Work For),
significant shift away from the career norms of the past, in which offers free meals, swimming, spa, and on-site doc-
which long-term employment in a single organization was tors to keep them happy. While employers should not rush
the goal or expectation (Moses 1997). Employers should to turn their boardrooms into games rooms, they could
recognize that Millennials have a lot of potential, which introduce simpler policies such as ‘‘MSN messenger
they have not fully developed yet. As a result, they should breaks’’ (cf. Pooley 2006) to allow younger workers to
spend time to groom the younger generation, and provide alternate some play with work without compromising their
them with plenty of opportunities for work variety, chal- work responsibilities.
lenge, and personal development (all M’s C4.00, based on While Millennials had not considered making a social
findings from this study). This may include helping the impact, social responsibility, and commitment to diversity
Millennials find and achieve their career paths (cf. Myers to be the most important factors (M B4.00) in this study,
2007). Given their need for frequent praise and recognition, employers should take care not to neglect their corporate
one way to keep them satisfied is to pay them a one percent social responsibilities. This is the generation that is willing
increase three times a year, rather than giving them a 3.5% to pay more for a product if they know the investment is
raise at the end of the year (Corporate Leadership Council going to a good cause (Gaudelli 2009). In fact, in a recent
2005). These suggestions will go a long way in motivating survey of 400 Millennials, 69% of the respondents
the Millennials, and help them recalibrate their expecta- expressed a genuine interest in the environment, but also
tions as they transition from school to work life. Employers admitted to a lack of personal involvement in green-related
should also note that the lack of loyalty may simply reflect activities. According to Gaudelli (2009), the Millennials
a shift from long-term employment to a new employment understand the ‘‘why,’’ but are unsure of the ‘‘how’’ with
norm of ‘‘contractor of skills’’ (Crumpacker and Crum- respect to sustainability issues. Translated into the work-
packer 2007). place, an employer’s corporate social reputation can make
The Millennials also considered people and work-rela- a difference in attracting higher quality job applicants when
ted attributes to be important in their job choice. The other things are equal (Greening and Turban 2000).
emphasis on people supports the contention that Millen-
nials are interested in more than just the job, and empha- Demographic Differences
sizing the social aspect of work. This may also suggest that
Millennials may be more loyal to their colleagues and Our results provide moderate evidence of heterogeneity
supervisors than to their organizations (Lancaster and within the cohort. Although demographic differences
Stillman 2002). For example, a manager may leave a firm impacted expectations and priorities, the predictive power
and very shortly after, others may join the manager, of these variables was generally quite weak, as evidenced
because they [Millennials] will say, ‘‘It’s my team that I am by the small proportion of variance in the dependent
working with’’ (cf. Pooley 2006). Myers (2007) suggested variables that they explained. Specifically, women were
that the secret to successfully managing the Millennials more likely than men to accept a less-than-ideal job and
may lie in using the same strategies their parents used to have lower salary expectations, perhaps reflecting the
raise them. This may mean providing them with lots of reality that women continue to be undervalued in the labor
support, coddling, and giving them a sense of belonging, market in terms of wages and the positions they occupy
but without turning the workplace into a ‘‘daycare.’’ (Fortin and Huberman 2002; Leck 2002). Women were
Another suggestion is to give the Millennials responsibil- also less likely to consider staying with the same employer,
ities fairly quickly, allowing them the flexibility to do the which could be due in part to childbirth and a desire for
job their own way, but to expect results and show them less demanding careers to raise a family (Anderson 2002;
how their contributions fit into the firm’s goals and Johnes 2009; Whitmarsh et al. 2007). Visible minorities,
objectives (cf. Myers 2007). on the other hand, were more likely to seek an employer to
The need for work-life balance also remains an impor- spend their entire career, and at the same time have higher
tant factor in their job choice decisions, despite an expec- salary expectations. This could be a reflection of a culture
tation for rapid advancement and pay increases. This does of loyalty and obedience, especially among East Asians
not mean that the Millennials are desperate to ‘‘punch-out’’ (Lee and Jablin 1992), and also strong motivation for
at 5:00 O’clock, but rather, that they seek employers who upward socioeconomic mobility, given that many visible
can provide them with fluidity between work and play. minorities are first-generation immigrants (Ng and Sears,
Employers should note that the Millennials are currently in forthcoming; Somerville and Walsworth 2009). It is

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290 J Bus Psychol (2010) 25:281–292

notable that minority women placed a greater emphasis on work environment, likely a result of how they have been
opportunities for advancement, perhaps recognizing the raised at home and from working in teams at school. Work/
fact that they face ‘‘double jeopardy’’ in the workplace on life balance may reflect a desire for work and play, more
account of gender and racial discrimination (Beal 2008; than a need to accommodate juggling family and work/life.
also see Berdahl and Moore 2006 for a review on double And while social responsibility is not a major factor in job
jeopardy). choice, it is not because Millennials do not care, but rather
they do not know how to help. This allows employers who
Great Career Expectations can leverage their social responsibility reputation to attract
Millennials, and engage them in meaningful and chal-
Students with work experience and high achievers (in lenging work.
terms of achievement motivation as measured by their Thus far, we have suggested that future research monitor
grade point average; see Spence et al. 1989) also appear to the career expectations of the millennial generation over
have greater expectations for their careers compared to time, and how they may adjust their expectations based
those lacking experience and those having poorer academic upon economic conditions and the labor market. As the
performance. Specifically, higher achievers and those with Millennials begin to enter the workforce in large numbers,
experience expected higher salaries and were less inclined a future avenue of research is to investigate the type leader
to accept a less-than-ideal position. Research has shown and leadership styles to which Millennials best respond.
that higher grades and achievement motivation are indeed Furthermore, as the workforce becomes increasingly
related to graduation salaries (Bartol and Martin 1987) and diverse in terms of gender and race, an important question
higher job performance (Roth 1996; Vinchur et al. 1998). is whether workplace diversity at the top is important in
Additionally, students with experience and higher achiev- their job choice decisions, given the need for role models,
ers also placed greater emphasis on opportunities for and also to shatter images of the glass ceiling.
advancement, variety of work, and challenging work, fur- A secondary goal of this study was to examine whether
ther signaling their higher achievement motivation. Those there are significant differences in expectations and work
nearing graduation were more likely to accept a less ideal priorities among the Millennials that are attributable to
position, accept lower starting salaries, and have less other demographic factors. Our findings suggest that some
demand for employer attributes, perhaps reflecting the differences do exist in the expectations and priorities
sense of desperation in light of the current economic cli- within the millennial generation, based on traditional
mate. Despite the tight labor market, and an abundance of demographic groups such as gender and visible minority
highly skilled and motivated young workers, employers status as well as work experience and academic achieve-
would be well advised that they must continue to offer ment. These findings remind us that, although generational
competitive salaries, interesting and challenging work, and cohort is a meaningful and useful social categorization, one
opportunities for advancement, if they are to attract the best must be careful not to paint the entire generation with the
and brightest of talents. ‘‘same brush.’’ Researchers must help employers become
aware of and respond to the nature and benefits of diversity
in its various forms, which is increasingly salient in the
Conclusions and Directions for Future Research current workforce.
Another potential avenue of research is to investigate the
The primary objective of this study was to investigate types of compensation and benefit packages that Millen-
whether the millennial generation conforms to the popular nials find appealing. For example, Millennials may prefer
stereotypes with respect to their career goals, expectations, more base pay than performance pay given the weak
and priorities. Rather than making comparisons between achievement-reward link that they exhibit and their sense
the Millennials and the generations that precede them, we of entitlement. Likewise, Millennials may also have a
focused on describing the expectations and priorities of the preference for tuition reimbursement and flexible spending
newest generation as they are about to embark into the accounts over family-friendly benefits and pension plans.
workplace. Overall, our findings support our predictions These suggestions for future work are important in helping
that Millennials do have great expectations when it comes employers attract and manage a new generation of workers.
to their careers. A few limitations should be noted to put the findings
First and foremost, they want career advancement, and into context. First, the data were self-reported, which may
while they harbor the prospects for rapid promotions and give rise to social desirability and response-set biases.
large pay increases, they also have realistic expectations However, there was good variance and normal distribution
when it comes to their first jobs after graduation. They also in the responses (e.g., self-reported grades), giving us no
want to have good people to work with and a nurturing obvious indication of biases. Second, only a third of the

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students had some school-related work experience through based values and attitudes a relevant factor or a passing fad?
co-op education and internships. Therefore, they may have Public Personnel Management, 36, 349–369.
Dries, N., Peperman, E., & De Kerpel, E. (2008). Exploring four
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they make career choices and arrive in the workplace. decision status and important work outcomes. Journal of
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