Reward Preferences of the Youngest Generation: Attracting, Recruiting, and Retaining Generation Z into Public Sector Organizations
Предпочтения в отношении вознаграждений самого молодого поколения: привлечение, набор и удержание поколения Z в организациях государственного сектора
2020-09-18
SCID: 54.1/u84fc6kn
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Generation Zaggregative systematic reviewemployee attraction and retentionpublic sector organizationsreward preferences
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Abstract (AI)
Generation Z is the youngest and newest entrants into the workforce. However, confusion about their characteristics, work values, and reward preferences hinders effort to attract, recruit, and retain this generational cohort into public sector organizations. Accordingly, this study investigates effective reward strategies for recruiting and retaining Generation Z into public sector organizations. I used an evidence-based research approach and an aggregative systematic review as the study methodology. The evidence curated from 32 studies reveals how the background and life experiences of Generation Z influence the importance they assign their work values, reward preferences, and how they prioritize rewards in terms of their employment decisions. Additionally, gender also influenced the importance Gen Z assigned to specific rewards. Overall, Gen Z’s strong attractiveness to specific extrinsic and intrinsic rewards makes public sector organizations a likely employer of choice and offers managers a viable strategy for attracting, recruiting, and retaining the youngest generational workforce.
Key Findings
1
An aggregative systematic review of 32 studies examines reward strategies for attracting, recruiting, and retaining Generation Z in public sector organizations.
2
Gender influences the importance Generation Z assigns to specific workplace rewards.
3
Generation Z’s background and life experiences shape the importance they assign to work values, reward preferences, and employment decisions.
4
Generation Z’s strong attraction to selected extrinsic and intrinsic rewards could make public sector organizations employers of choice.
5
Tailoring reward strategies to Generation Z’s preferences provides public-sector managers with a viable approach to workforce attraction, recruitment, and retention.
Research Object
Generation Z as prospective and current employees in public sector organizations
Research Subject
The influence of work values, life experiences, gender, and preferences for intrinsic and extrinsic rewards on Generation Z’s employment decisions and on strategies for attracting, recruiting, and retaining them
Publication Details
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2020-09-18
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