{"id":2433,"date":"2015-04-20T13:20:53","date_gmt":"2015-04-20T13:20:53","guid":{"rendered":"http:\/\/www.discovery-graduates.com\/?p=2433"},"modified":"2015-04-20T13:20:53","modified_gmt":"2015-04-20T13:20:53","slug":"younger-employees-more-likely-to-take-risks-with-salaries","status":"publish","type":"post","link":"https:\/\/discovery-adr.com\/us\/younger-employees-more-likely-to-take-risks-with-salaries\/","title":{"rendered":"Younger employees more likely to take risks with salaries"},"content":{"rendered":"

 <\/p>\n

\"Grads-training-620\"<\/a><\/p>\n

Younger employees are a great deal more likely to take risks with pay and demonstrate a larger interest in remuneration, according to the latest report by PricewaterCoopers (PwC).<\/p>\n

PwC conducted a study of 2,400 employees and asked whether younger workers would swap \u00a31,000 of their annual salary for the opportunity to receive a performance based bonus \u2013 of \u00a35,000 \u2013 36% of respondents under the age of 20 years said \u2018yes\u2019.<\/p>\n

However, only 20% of respondents replied the same when figures for all ages were taken into account and only 18% of those aged 40-59 years would opt for this change.<\/p>\n

A change in workplace needs<\/strong><\/p>\n

The younger generation of staff also expressed a larger interest in workplace training; with 25% of those aged between 18 and 24 years saying they would choose a four day workplace training scheme over a cash bonus.<\/p>\n

This generation of younger employees also noted they would value company car schemes (32%) and free gym memberships (20%).<\/p>\n

Younger staff also value discounted food while at work; with 43% of the younger generation stating they would enjoy a discounted canteen.<\/p>\n

Moreover, more than half of employees under the age of 20 years added they would sacrifice 5% of their salary to receive free food and drink at work.<\/p>\n

Understanding the diversity of a workforce<\/strong><\/p>\n

PwC also found gender differences in terms of workplace benefits with medical insurance being valued higher among female workers (32%) than their male counterparts (24%).<\/p>\n

On the other hand, company car schemes were favoured higher among males (29%) than females (21%).<\/p>\n

Performance and Risk Partner at PwC, John Harding, added that benefits schemes are not a \u201cone size fits all\u201d activity.<\/p>\n

Harding noted that employers must understand their workforce and its diversity when deciding on a reward program.<\/p>\n

PwC found the most popular benefits across all employees were:<\/p>\n