Younger Workers Four Times More Likely to Expect Advancements Than Boomers

A new survey of 505 full-time U.S. employees by Clutch found younger workers are four times more likely than baby boomers to expect regular job advancements like promotions and pay raises every year, according to AZ Business Magazine . Younger employees find such advancements important on account of the need to stay competitive amid a fluid job market. Also critical is the advent of startup culture, which expects workers to grow rapidly with the company — and younger employees are more used to being promoted to match corporate growth than boomers. In addition, younger workers are more likely to value working for a diverse, non-discriminatory employer, and employees rate their company's commitment to fairness based on its advancement policies. However, fewer than one in five workers between 18 and 34 think all of their firm's employees have a fair chance to advance. Chief human resources officer Tim Toterhi thinks companies can allay this and other concerns by clearly stating the expected pace of advancement and using a "pay-for-performance" model that provides workers with metrics to meet in order to advance.