7 gen y expectations from their employer

Post on 05-Dec-2014

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For those of you hiring Gen-Y candidates. This document might help you retain more of them.

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7 Gen-Y Work Expectation Stats.

2014

What do they care about?

Gen-Y ranked the following job considerations on a one to 10 scale.

Salary 9.05

Benefits 8.86

Opportunities for career Growth 8.74

Company Location 8.44

Company Leadership 7.95

Company Reputation 7.56

Job Title 7.19

In-house Training Programs 6.95

Diversity of Company Staff 6.07

Gen-Y’s 3 most important job considerations are…

1. Salary2. Benefits3. Opportunities for Growth

Gen-Y Expectations?

51% of Gen-Y entering the workforce think they should “pay their dues” within 2 years.

Timeframe Gen-Y expect to "pay their dues"?

Less than 1 year 16%

1 - 2 years 51%

2 - 3 years 19%

3+ years 5%

Not Sure 9%

How long will they work for you?

40% of Gen-Y expect to change jobs within 2years.

How long do you expect to stay at your current position?

Less than 1 year 16%

1 - 2 years 24%

3 - 5 years 19%

6+ years 22%

Not sure 19%

Most important aspect of their work environment.

Most important aspect of their work environment on a scale of 1-10.

Worker for a manager I respect 8.74

Working with people I enjoy 8.69

Having work/life balance 8.63

Having a short commute 7.55

Working for a socially responsible company 7.42

Having a nice office space 7.14

Working with state of the art technology 6.89

Gen-Y’s 3 most important work environment aspects...

1. Manager they respect2. Working with people they enjoy

3. Work life balance

How do they want to dress for work?

Business Casual - 41%

Sneakers Jeans – 27%

Mix depending on the situation – 26%

Business Attire – 4%

Gen-Y top 3 career concerns…

Financial Security 33% Job Stability 26% Career Satisfaction 23%

Top reason Gen-Y employees leave!

How would the following factors influence your decision to change job on a scale of 1 - 5.

Higher Pay 4.63

Better perks & benefits 4.44

More opportunities for advancement 4.22

More interesting work 4.14

Better work environment 3.99

Shorter commute 3.51

More prestigious job title 3.39

1. Higher Pay2. Better Perks & Benefits3. Better Opportunities for Advancement

Maachu We Know Gen-Y!

For questions,

feedback or insights

don’t hesitate to contact us.

Louis Genest

Sales

louis.genest@maachu.com

+65 6637 9074

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