Page 52 - Appreciating Organization's Biggest Assets

Compensation and Benefits and Their Effects on Gen
Z and Gen Y Employees in the Service Sector

Divya Gandhi

Commentary :
1) This paper analyses the comparison of compensation and benefits
on Gen Z and Gen Y employees in service sector from the existing
literature.
2) The needs and motivators of Generation Z appear to be distinct
from those of prior generations.
3) Generations Z and Y anticipate various rewards from their
employers.
4) Gen Z is different to Gen Y in terms of several factors like they
are more tech savvy, more cautious, more individualistic, less tolerant,
less patient, less focused, better at multitasking. Since Gen Z are more
cautious, they are more likely to stay longer with their first employee
and by assuming that basic benefits are provided.

Introduction
Management uses compensation
as a tool to create a positive work
environment. Compensation
guidelines are frequently in line with
the needs, objectives, and available
resources of the company. Generation
Z and Generation Y have different pay
scales. Employers must take note of Gen
Z employees’ expectations since they
will make up most of the workforce
soon. GenZ (1995 to 2012) members
are strong workers who are willing

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