What is Gen Z’s take on the employment market?

 

With much being reported as to the flighty, job-hopping nature of the Gen Z-ers, Milkround decided not just to take the press’ word for it. Instead, they surveyed 5,709 Gen Z-ers what they really felt about the work market as they entered it.

And whilst over 55% of new graduates only plan to stay in their first role for less than two years, over 70% said they’d stay in a role for up to five years (and 27% would stay for more than that), if their needs were met. What were these needs? They weren’t overly ambitious. In fact, simple measures such as flexible working (63% said flexible hours and 48% cited working from home) and training and mentoring (76%) were all they asked for to stay put.

What they do have high expectations of is their career choice. 65% believe they will work in their dream industry. And the key to achieving this? Internships. 55% believe a relevant internship will secure them a job in their ideal role. Although 27% are concerned that they will lose out to others who can afford to accept these internships.

As for how they feel about setting up on their own, some 48% of males said they would consider starting their own business. Females were less keen, with only 39% saying they would.

Georgina Brazier, Jobs Expert at Milkround said, “Gen Z and Millennials have been beleaguered with the notion that they are job hoppers who are uncommitted to their employer, however, our research shows that this isn’t strictly the case. In fact, they know what they want and are willing to ask for it from their bosses. They are loyal if they’re given what they need, but if they don’t get the support, they are comfortable going elsewhere or even setting up their own business.

 “Recent graduates have grown up in the era of strong entrepreneurs and start-ups shaking up the status quo and are comfortable with the idea of change. This is something they are willing to do with their current employer or do it on their own by setting up their own business.

 “We see employers investing in costly graduate schemes, only for their new talent to leave when they are not given what they need. Employers and graduates can manage each other’s expectations and find common ground through open lines of communication to build long-term relationships.”

 

Wednesday, 29 August 2018

Share this article

Any questions? Any comments?

Your instant reactions to this article can be posted here. Use your own name or a nom de plume.

Be the first to make a comment...

Please log in to make a comment

Already registered?

Haven't registered?

Register for FREE - it only takes a couple of minutes

Not registered? Click here.

What is Gen Z’s take on the employment market?
  • Latest jobs
  • Student Recruitment Account Senior Manager Client Job Location: Birmingham, Manchester, Glasgow, Bristol or Watford Read more >> KPMG
  • Digital Marketing Co-ordinator Client Job Location: Watford (1st 6 months to be based in Canary Wharf, London) Read more >> KPMG