Best companies for Generation Y

  @emilyjanefox August 21, 2012: 4:08 PM ET
gen y workplace google

Google is one of the best places to work for members of Generation Y, according to a new study.

NEW YORK (CNNMoney)

It's no secret that Generation Y puts a premium on technology. And a new study shows that affinity extends into the workplace.

Gen Y employees working for technology companies reported higher salaries, more flexibility, and more satisfaction, according to a new survey of 500,000 workers between the ages of 19 and 30. The research was conducted by PayScale, a compensation firm, and Millennial Branding, a management consulting company

"Tech firms are such big winners because they offer not just really high pay, but also a lot of flexibility," said Katie Bardaro, lead economist for PayScale.

The survey also found that Generation Y's strongest job skills tend to center around technology and social media, with software, blogging and social media topping the list.

"The skills they've gained just by being young people are now useful skills in the labor force," Bardaro said. "No one is a better social media expert than someone who uses social media in their everyday life anyway."

Related: Think fast! Crazy interview questions

Qualcomm (QCOM, Fortune 500), the mobile technology giant, tops the survey's list of best companies for members of Gen Y. It pays an average of $90,000 to its young workers according to PayScale.

The survey found that 72% of Qualcomm's Gen Y employees feel their job is meaningful, and 95% enjoy a flexible schedule. It's no wonder that 87% reported a high level of job satisfaction.

Google (GOOG, Fortune 500) ranked as the second-best employer for Gen Y, paying an impressive average of $80,000 to its young workers. More than 40% of the search giant's employees were born between 1982 and 1993.

The medical technology company Medtronic (MDT, Fortune 500) ranked third on the list, while Intel (INTC, Fortune 500) and Microsoft (MSFT, Fortune 500) rounded out the top five.

"They all offer good pay, a high level of flexibility and have lots of Gen Y employees," said Bardaro. "That puts them ahead of more traditional, non-tech companies." To top of page



Join the Conversation
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.41%4.44%
15 yr fixed3.33%3.31%
5/1 ARM3.34%3.55%
30 yr refi4.39%4.41%
15 yr refi3.31%3.30%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.