THE IMPACT OF VALUES AT WORK OF THE MILLENNIALS GENERATION ON THEIR ENGAGEMENT AND TURNOVER INTENTION: A COMPARATIVE STUDY BETWEEN PORTUGAL AND LUXEMBOURG

Abstract

The labor market has undergone significant changes with the entry of the Millennials Generation, in contrast to previous generations such as Baby Boomers and Generation X. This generation demonstrates marked differences, especially in Values at work (instrumental values, cognitive values, values social and prestige values). The main objective of this study is to study the impact of the Values at work of the Millennials Generation on their Engagement and Turnover Intention (IT). It is also intended to verify whether this impact on Engagement and IT is conditioned by the country in which one works (Portugal or Luxembourg). The questionnaire for data collection was answered by 306 individuals from the Millennials Generation. Of these, 152 work in Portugal and 154 in Luxembourg. The results suggest that Millennials' work values have a significant impact on their level of Engagement at work. It was found that the four dimensions of Values at work are positively related to Engagement. This means that Millennials who give more importance to the four dimensions of Values at work also have a higher level of Engagement at work. In contrast, the study results suggest that Millennials' Work Values do not have a significant impact on IT. That is, the results did not show that the four dimensions of values at work explain TI. The results also revealed that individuals from the Millennials Generation in Luxembourg have a higher level of Engagement than the Millennials Generation in Portugal. Thus, the connection to work and the willingness to leave the organization on the part of the Millennial Generation, given their respective values at work, can change depending on the country.