engleski

Millennials' pay preferences: exploring the attitudes of civil engineering students in Croatia

Millennials’, also known as Generation Y, represent a demographic segment with birth years between the early 1980s and the late1990s. Researchers attribute specific behavioral characteristics to members of this generation, including their particular work values and motivational needs. Furthermore, it is important to acknowledge that total reward model includes both financial rewards and non- material rewards, used to attract, motivate and retain talented workers. Therefore theoretical framework of this paper shall focus on literature findings regarding millennials’ characteristics as well as elaborate the structure of modern reward models, primarily financial part of it. Since this study aimed to investigate pay preferences of civil engineering students in Croatia, empirical part of the paper shall reveal study results. Additionally, results shall be compared by previous studies on pay preferences expressed by business and economics students in Croatia. Although analysis of relational rewards was left for the second phase of the research, results on financial preferences exposed in this paper are found to be useful both for scholars in the area so for HR managers in the construction industry.

pay preferences, millennials, civil engineering students

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