Generation Y’s expectations of their future employment relationships pose a challenge for their employers
Generation Y’s expectations of their future employment relationships pose a challenge for their employers

Summary/Abstract: Generation Y is starting to represent a significant proportion of the labor force and adds to the diversity challenges faced by companies, especially those operating in a global market. Although many characteristics of Generation Y with regard to work and employment have been identified through research, most comes from developed Western countries. We explored the employment expectations of business students in Poland, Slovenia, the UK and South Korea from the psychological contract perspective. We aimed to identify and explain differences between anticipated employee and employer obligations of future entrants to the labor market. Overall, students expect more relational and balanced dimensions of a psychological contract than transactional. However, there are significant differences in the elements, dimensions and types of psychological contract between countries. Polish and Slovenian responses show more elements of a transactional contract than the UK andKorean. The differences can be explained by taking into account economic context and national culture characteristics. The implications of the results for employers’ approach to managing young talent are also discussed.

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