BUSINESS MATTERS
Just 3 in 10 Americans Say They Aspire to the C-suite: New Study
Article from BPT Website
beyond their current job description. At the same time, nearly 1 in 4 people say they're not working at full capacity, and nothing will motivate them to work harder (23% overall, 37% Gen Z).
More Americans plan to increase their contributions to their retirement savings in 2024 (34%) than ask for a promotion (23%) or quit to find a higher paying job (14%). Of all generations, Gen Z is looking to make more money by "job zwitching" (16%). So, if people are placing less focus on rising through the ranks, what do people value at work? Let's take a closer look.
(BPT) - Who wants to be the boss? Just 3 in 10 Americans say they aspire to hold a C-suite role, according to new research from Empower, a leader in financial planning, investing, and advice. Out of all generations, millennials show the highest interest in becoming a top executive (39%), though nearly a third of people don't want their job description to change - even if it means sacrificing a promotion or raise.
The study reveals that the number one driver of job satisfaction is money (67%), which Americans say trumps being rewarded for loyalty and longevity at a company (40%), recognition for the job performed (34%), and being an inspiring leader or leading by example (32%).
The paycheck paradox
For some, there may be a paycheck paradox - a chicken or the egg dilemma: 38% (and 55% of Gen Z) believe they don't get paid enough to go above and
"So, if people are placing less focus on rising through the ranks, what do people value at work?"