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Money’s not enough: Malaysia's Gen-Y

AvantiKumar | Jan. 26, 2012
Social media, device and work flexibility is becoming more important than just a high salary to Malaysia's next generation of workers: Cisco study

Lydia Kwan - Malaysian fashion writer

PHOTO - A Malaysian Gen-Y vox pop respondent: fashion writer, Lydia Kwan.

 

More flexible work conditions that include the use of social media and device flexibility is becoming more important than the amount of salary to Gen-Y Malaysians, according to networking solutions provider Cisco's Connected World Technology Report.

Cisco Malaysia managing director Yuri Wahab said companies have to be mindful of new rules to attract young talent. "The pervasive use of social networks and mobile devices in Malaysia is set to drive the demand for more flexible work environments among the younger workforce. Our current observation of businesses in Malaysia is already indicating that more workers today favour the flexibility to work remotely, whether from home or a café with wi-fi access."

"This trend is consistent with the findings in the Cisco Connected World Technology Report, which highlights the growing importance of social media freedom, device flexibility and work mobility and how they dictate the culture that contributes to the retention of young employees," said Wahab.

The global study revealed that one in three college students and young employees under the age of 30 (33 percent) said that they would prioritise social media freedom, device flexibility, and work mobility over salary in accepting a job offer, indicating that the expectations and priorities of the next generation of the world's workforce are not solely tied to money.

More than two of five college students (40 percent) and young employees (45 percent) said they would accept a lower-paying job that had more flexibility with regard to device choice, social media access, and mobility than a higher-paying job with less flexibility.

The second annual Cisco Connected World Technology Report, which surveyed more than 2,800 college students and young professionals in 14 countries, was commissioned to assess the challenges that companies face as they strive to balance employee and business needs amid increasing network demands, mobility capabilities and security risks.

 

 Vox pop results in Malaysia

"In Malaysia, the findings of the Cisco Connected World Technology Report were substantiated by the results garnered from a vox pop among Gen-Ys who have just joined the workforce, or are finishing their tertiary education," said Wahab.

"The respondents were asked if they would prefer to work for a company that pays more but has a more restrictive social media policy, or a lower salary with a more accommodating social media environment," he said. "The surveyed Gen-Ys also provided their opinions on the flexibility and use of social media in the workplace."

"It is almost impossible to be good at my job if I am not allowed to connect and communicate with people from my industry while staying in the game," said one of the respondents, fashion writer, Lydia Kwan, aged 23. "A higher paid job may give more perks, but keeping up to expectations that come with such a high salary would be a problem. I would very much prefer a warmer, less-hostile environment that promotes networking (whether online or offline) that can allow a young working adult like me to ease into a relatively new working environment."

 

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