Financial, Career and Professional Aspects of the Motivation of the New Generation of Doctors in Russia

Christopher M. Davis () and Ekaterina Pazukhina
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Christopher M. Davis: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia

Finansovyj žhurnal — Financial Journal, 2019, issue 1, 110-132

Abstract: Russia is now experiencing a significant inflow of Generation Y (Millennials, born 1980–1999) into the labor force. By 2020 Generation Y employees will make up 50 % of the national labor force and will occupy important mid-career positions. International studies show that Millennials have different motivations and career expectations. They are unlike those of previous generations in having better technological skills, higher expectations concerning technology at the workplace and opportunities to use their professional skills, greater interest in achieving a work-life balance and strong desires to improve their knowledge related to work. The hierarchy of motivating factors of young Russian doctors diverges from those in the UK by the position of financial remuneration, which is higher in Russia. Quantitative analysis of Russian surveys shows that doctors from Generation Y have lower perceptions of their social status than do doctors from previous generations. The article concludes by presenting proposals to improve motivation of Millennials employed in Russian medical system, which could increase their skills and professional performance.

Keywords: generations; cohorts; demography; motivation; doctors; healthcare sector; reforms (search for similar items in EconPapers)
JEL-codes: H51 I18 J11 J44 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:190110:p:110-132

DOI: 10.31107/2075-1990-2019-1-110-132

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