A new survey suggests that millennial women practice more career realism than men. The research, compiled by recruiting software company Jobvite, focused on millennial’s current employment status, future career opportunities, and workplace dynamics.
The percentage of millennial women who said they have taken a second job out of necessity sits much higher than millennial men. Additionally, more men took a second job out of sheer passion, which is not necessarily a realistic reason, whereas women didn’t find much sense in additional employment for enjoyment.
The study also indicates that millennial men are much more likely to be okay with deep pay cuts if it means securing a job they are passionate about or more interested in. 27 percent of men were willing to suffer a 25 to 50 percent pay cut, but the number of women willing to suffer the same deep pay cut was just 12 percent of respondents. When the pay cut was only 10 percent, women who were willing to drop their salary jumped to 35 percent; men just gaining 2 percentage points at 29 percent. In short, shallower pay cuts are tolerable to millennial women seeking passion in their career, but they are more realistic than men about deep cuts to their take-home salaries.
The differences in pay cut acceptance for millennial men and women may be explained by the higher success men have in salary negotiation. Almost double the amount of men are comfortable negotiating for a greater salary compared to women. Even further, a full 82 percent of men are successful at getting a 5-to-20 percent pay bump, whereas just 54 percent of women report success receiving the same pay increase after negotiations.
Despite these behavioral differences, majorities of both sexes report happiness in their employment: 56 percent of men and 51 percent of women. In addition, numbers for millennials expecting to hold at least seven to nine jobs in their lifetime are relatively similar.
As for the Trump administration’s effect on the economy? Men and women from the millennial generation differ greatly in their outlook. Just 25 percent of women believe their job prospects will get better under current leadership, while 42 percent of men believe their job prospects will increase.