Assignment

Human Resource Management

Ethics, Trust & Loyality in Gen Y

Submitted by: Arjan Singh S-11

Unlike the earlier generations, Gen Y people are interested in the jobs that supports their life style and is not based on hierarchy. They like short term assignments and did not mind the disruption caused by frequent relocations. As per the studies conducted by the various HR agencies, 40-50% of employees in the companies, who belong to Gen Y, do not believe in the loyalty to the organization or person they worked for. Rather, they believe in being loyal to their own job and their craft. They do not fear shortages as the old generation does. The majority of Gen Y people appeared to lack interest in traditional profession services carrier path, one that require an intense work commitment in their early carrier in exchange of chance to make partners later. If the company is able to engage the Gen Y employees in right way, they will be loyal and work hard. They should be given work relevant and important to them and the company. If they are not satisfied, they will quit and find a new job. Gen Y people are accustomed to new ideas and situations, a constant opportunity to learn or find out. Gen Y employees lack a strong work ethic. The difference between Gen Y and older generations at work is that they are unwilling to put in the face-time that older generations put in at work. They want worklife balance. Gen Y view time as a resource that they can use to fill with all of their varied interests, projects, hobbies, families and volunteering. They are willing to work hard at work but also they dont want to waste time, the limited resource. Gen Y employees tend towards situationalism and their socially connected orientation produces more lenient judgments. Relativist Gen Y people are more tolerant of ethical violation whereas Gen Y idealists are less tolerant of ethical violation.

Gen Y values and ethical orientations have distant implications for the way individuals will lead others, collaborate with others and the way they will behave regarding workplace ethical norms and standards. Gen Y employees also exhibit servant leadership characteristic. Organisations can do well with Gen Y by recognizing their priorities and meeting their needs, supply flexible work schedules, earn their commitment with work that motivates and inspires them and provide leadership that is willing to listen and teach.