Gen Y'ers value pay, time off more than previous generations

Millennials want more vacation and time for themselves away from the job than young people did 30 years ago, and they also value compensation more, according to a recent study. That may be setting them up for intense disappointments in today's labor market.

Gen Y, those born starting in the early 1980s, puts a bigger emphasis on time away from work than previous generations. They're slightly less likely to say that work should be "a very central part" of one's life and tend to value a job more for salary and advancement opportunities rather than as a source of friends or an avenue to learn new skills.

Gen Y, the youngest generation in American workplaces, may see time off as necessary because of how hard they saw their parents work, said San Diego State University psychology professor Jean Twenge. She has a study analyzing generational differences in attitudes toward work in an upcoming issue of the Journal of Management.