Abstract
This study explores Chinese university students’ perception of psychological contract. Using questionnaires and a quantitative approach, the study indicates that money issues, rewarding work, delegation of authority and flexible working hours are of utmost importance to these students. The study participants will start their working lives in one or two years. Knowledge of their perceived psychological contract has implications for human resource management hoping to improve the relationship between employer and new hires.
Highlights
Since 2012, more and more Generation Y has entered the labor market in China
This study explores university students’ perception of psychological contract
Results indicate that money issues, rewarding work, delegation of authority and flexible working hours are of utmost importance to both male and female students
Summary
Since 2012, more and more Generation Y has entered the labor market in China. Generation Y, or, millennial, refers to people who are born between 1980 and 1990s. Most of them are well educated, confident and independent (Li & Hou, 2012) They strive for success (Tian, et al, 2015). Data shows that post-95s generations experience job-hopping more frequently compared with employees of older generations. On average, they stay for only seven months with an employer and withdraw from the company (China Daily, August 29, 2018, http://www.china.org.cn/china/2018-08/29/content_60844702.htm). This issue challenges human resource management (Wu, 2007; Tian, et al, 2012; Hu &Wang, 2020; Li, 2020; Tao & Feng, 2020) How to retain and manage Generation Y employees? Currently, this issue challenges human resource management (Wu, 2007; Tian, et al, 2012; Hu &Wang, 2020; Li, 2020; Tao & Feng, 2020)
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