Leaving the Organization and Leaving the Profession: Generational Differences Amongst Accounting Employees
The popular press has been quick to suggest that Generation Y employees are high maintenance, overly ambitious, uncommitted, and possess high expectations of their employers. There are currently three generation cohorts employed in the workforce. The Baby Boomer generation gap is comprised of individuals born between 1947 and 1966, Generation X consists of those born from 1967 through 1979, and Generation Y members are those born between 1980 and 1995. To date, the academic literature on generational differences in commitment and turnover has been relatively light. Throughout the next decade, there will be a major shift in the composition of the Canadian workforce.
More than seven million Generation Y cohort members will replace the nearly ten million Baby Boomer cohort members in the workforce. This could have serious implications on the management of organizations and administration of professional associations. This research examines the differences in commitment, both to the organization and to the profession, across all three generation cohorts within the accounting field. This research also explores the different predictors of turnover, from both the organization and the profession, to see if variation exists among the same generational groups.