All age groups dissatisfied with first salaries
Posted on: 17/Sep/2016 9:46:52 AM
A study conducted by Times Jobs has said that salary dissatisfaction is common across workforce generations and over half of all the employees feel dissatisfied with their salary.
According to the survey, 55 per cent Gen Y, those born during the 1980s and early 1990s, and 53 per cent Gen Z, those typically born after 1995 or 1996, employees were disappointed with their first drawn salaries. Says a senior executive at Times Jobs, This disappointment with salaries is due to many factors the lack of a proper benchmark tool is one of the reasons which is not readily acknowledged.
The study found that while salary may not be the only thing a job-seeker values while making a career choice it is certainly a critical driver. Around 45 per cent Gen Y and 58 per cent Gen Z stuck to their first jobs for 2-3 years and when they left they opted out for better package. The study said, Gen Z professionals are more aware of their market worth as 58 per cent of them were able to negotiate their salaries before accepting the final job offer. This is a steep increase when compared to 40 per cent of Gen Y`ers who were able to do the same.
