Virgin Money says younger staff are prioritising flexible working over pay rises and promotions after seeing a surge of job applications since a move to new working practices.
New research from the bank - which has its main offices in Newcastle, Glasgow and Leeds - found that 46% of Gen Z-ers (16-24-year-olds) and 59% of Millennials (25–34-year-olds) consider flexi-time to be one of the most important aspects when applying for a job. More than eight in ten (81%) Millennials and three-quarters (75%) of Gen Z-ers want more choice around when and where they work, rating hybrid working as the preferred option rather than working in an office full-time.
Around 70% of both groups also believe that having a good work-life balance is more important than a good salary or climbing the career ladder. The research has come a year after the bank launched A Life More Virgin, which allows employees whose role is not dependant on a specific location the opportunity to work anywhere in the UK.
