MILLENNIAL GENERATION PSYCHOLOGICAL CONTRACT 1 Work Attribute Importance and Loyalty Intention: Millennial Generation Psychological Contract

This study investigated the importance that junior and senior job-seeking undergraduates (Millennial generation members) place on transactional and relational work attributes; how ratings vary by gender, experiences with layoff, and intended loyalty; and how well ratings match with actual attributes offered by organizations. Results are discussed in context of psychological contract theory. Students (n = 199) and recent graduates working full-time (n = 180) took separate online survey. Students indicated the importance of various work attributes (Ng, Schweitzer, & Lyons, 2010), loyalty intentions, and other related questions. Graduates answered only work attribute questions related to their current employer. Work attributes were factored into new transactional (IMP-T; ∝ =.78) and relational scales (IMP-R; ∝ =.91). Key results indicated that students rated relational work attributes more highly than transactiona