The factors influencing satisfaction of generation Y in the workplace in the Czech republic

Abstract

Managers of companies complain that young people do not want to work. Does Generation Y have a different view of employment, other priorities and expectations? Today's situation of Czech companies is not so critical, but gradually the lack of staff becomes a nationwide problem. Industry 4.0 basically changes the enterprise's business within Industry 4.0 and Work 4.0. They are Y generation people who are a great opportunity for business with their habits in using the Internet, social networks and modern technologies. If Generation Y and the upcoming generation Z allow the business to work as expected, these workers can help not only in innovative workflow solutions. It is already necessary for managers to properly motivate these employees and to know their specific needs within the work environment. In future, it will be important for executives to understand these young employees. The aim of this paper is to determine the level of Generation Y satisfaction with selected working environment factors and evaluate cooperation with previous Generation X, in the gender comparison. The methodology of this paper is based on a comparison of published international studies and questionnaire survey focusing on Generation Y. Discussion of this paper deals with the current changes in human resources management for Generation Y and Z. The paper seeks to highlight the need to monitor the requirements and preferences of all current generations on the labor market, especially the Generation Y and the forthcoming generation Z. Generation Y simply has other priorities and job expectations. This paper brings new insights into Generation Y and recommendations for managers.