Younger job seekers: Money still talks
October 2, 2008 by Sam NarisiPosted in: Attracting talent, Entry level recruiting, In This Week's E-Newsletter, Latest News & Views, Uncategorized
A recent survey asked job seekers from so-called “Generation Y” what they’re most concerned about when they take a new job. The results?
No surprise here: They want cash.
Though it’s often said younger workers are more interested than their predecessors in factors like flexibility and social responsibility, 85% still say salary is the most important incentive employers can offer, according to a recent survey by Personnel Today.
Of course, that doesn’t mean other benefits don’t matter when you’re recruiting. But companies should be careful about substituting those other perks for competitive compensation, the researchers said.
Tags: Generation Y, perks, salary
October 2nd, 2008 at 9:18 am
Is it any wonder? Hey, I make fun of Gen Y at times, but they have seen the results of their parents’ loyalty to a company. And many times, that result was a layoff. They know that 25 years of continuous service may not even get you a gold watch anymore. So while I moan and groan about the ‘hit and run’ resumes that flood my inbox, I understand why so many don’t plan to stay at a job for a long time, they’ll just go make more money elsewhere – and soon.
October 3rd, 2008 at 3:09 pm
It’s all about instant gratification. But who can blame anyone for thinking that way, considering? As Brian said, we’ve all seen what happened to those who were loyal to a company believing they would be taken care of long term.
What I’ve seen is that it all matters…a lot. Money, flexibility, environment / culture, benefits, having a voice, interesting work, all these things are a requirement and all are extremely important. But it’s not just true about Gen Y. Certain things may be a little more important during different stages of a person’s life, but if needs are not met significantly in these basic areas, people don’t hang around long. Life’s too short!