Generation Y workers are not employed in large numbers at some of the biggest companies as they say they prefer small employers, finds a recent study by PayScale Inc., a provider of compensation data and software, and Millennial Branding, a Generation Y research and management consulting company.

About half (47 percent) of respondents are employed at companies with fewer than 100 employees, and 30 percent of respondents work at companies with 100 to 1,500 employees. Only 23 percent of respondents are employed at companies with more than 1,500 employees. 

Respondents say they prefer smaller employers because they typically allow for greater flexibility, the chance to embrace their entrepreneurial ambitions, and the opportunity to use social networks in the workplace without strict corporate guidelines.

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