Young professionals to companies: prioritise pay, not play – The Property Chronicle
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Young professionals to companies: prioritise pay, not play

Investor's Notebook

In the ever-evolving landscape of modern corporate culture, there’s a new demographic speaking out: young professionals. In the race to attract the best and brightest, companies across the globe have invested millions, if not billions, in flashy office designs, quirky perks, and enviable recreation spaces. Yet the message coming from the new generation is clear; beanbags, Americanised culture, and colourful posters aren’t cutting it when it comes to job satisfaction and company loyalty.

Over the past decade, we’ve seen an influx of companies modelling their workspaces after industry giants like Google and Facebook. The premise is clear; create a fun, inspiring workspace and productivity will soar. Not to mention the added benefits of looking modern and approachable to potential clients and recruits.

However, in recent times, with the help of social media and open platforms, my fellow young professionals are beginning to vocalise their priorities, creating a shifting narrative. While the aesthetics of colourful offices are appreciated, they often feel superficial. In-depth surveys and candid online discussions suggest a simple truth; what young professionals value most are competitive pay and personal privacy.

Young professionals care more about competitive pay over perks, though it’s easy to understand the allure of providing perks; an espresso machine in the break room or a Friday evening karaoke session may seem like a small investment for employee satisfaction.

But let’s put things into perspective; these perks, while enjoyable, are transient. They don’t significantly affect an employee’s financial stability, quality of life, or long-term satisfaction. In a world of rising living costs and mounting student loans, young professionals are looking for competitive and fair remuneration above all else. Many are starting families, planning for the future, or dealing with financial commitments.






Investor's Notebook

About John Gallagher

John Gallagher is the pseudonym for a young graduate that works for a major global real estate firm. In a series of articles for The PC “John” will tell us what his generation really thinks.

Articles by John Gallagher

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