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For generation Y, what is their preferred method of reward management for those working in Ireland?

Connolly, Hugh (2017) For generation Y, what is their preferred method of reward management for those working in Ireland? Masters thesis, Dublin, National College of Ireland.

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Abstract

This paper by Hugh Connolly has looked at “For generation Y and is their preferred method of reward management, for those working in Ireland?”. The study looked at this area, due to the ever-increasing importance reward management has taken in the working world. This is becoming ever more important due to generation Y taking over their workplace and their preference of a kaleidoscope career.

The paper analysed previous literature on the topic and then conducted its own research where they gathered the thoughts of one hundred millennials about reward management, the respondents were working in Ireland. The researcher also conducted seven semi– structured interviews. The interviewees are involved in the HR department of their organisation and they gave an insight of how rewards are utilised in their organisations. The results were illustrated via graphs and the interviews were broken into themes in the results section. They were critically evaluated and then compared against previous literature.

The paper found that majority of generation Y preferred to receive an increase in base salary with work/life balance and incentives following behind. The youngest sub group on generation Y placed great emphasis on promotion opportunities and general benefits, while the oldest sub group were more concerned with health benefits. Millennials wanted to be involved in deciding their targets and rewards, while female members gave preference to work/life balance. Organisations find rewards important in Ireland and use it for different reasons depending on their sector. The finding from this paper correlated strongly with most literature presented, but there were some discrepancies. The paper suggested using a hybrid approach of reward management which entails the organisations culture while also tailoring to the needs of employees. The paper is valuable to further studies of this area and organisations based in Ireland in dealing with millennials.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management
H Social Sciences > HD Industries. Land use. Labor > Issues of Labour and Work > Quality of Work Life / Job Satisfaction
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Performance Management > Reward Management
Divisions: School of Business > Master of Arts in Human Resource Management
Depositing User: CAOIMHE NI MHAICIN
Date Deposited: 13 Nov 2017 15:00
Last Modified: 13 Nov 2017 15:00
URI: http://trap.ncirl.ie/id/eprint/2804

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