Gen Y spooked by IT job stability

 

Financial crisis prompts rethink in priorities.

Gen Y-ers were more concerned about employer stability in the wake of the financial crisis and had also changed their tune about the relative of importance of salary, according to recruiter Hays IT.

A survey of 668 jobseekers found that 48 percent of Generation Y workers - those born between 1982 and 2000 - were more risk averse in considering their next job move after the past year.

"One big change in perspective for Generation Y has been the replacement of salary with career progression as the most important consideration when looking for a job," said Peter Noblet, regional director of Hays IT.

"Another change [is that] 50 percent of Generation Y said that when looking for their next role, a company's stability is now far more important than before the GFC.

"This is likely because for the first time, this generation have seen first-hand how comforting employment with a stable company can be in times of broader economic turbulence."

This was a big contrast with Gen X and baby boomers who said their employer's stability remained "just as important as it always has".

Those two generations were also more likely to identify work/life balance as the most important consideration when looking for a new role.


Gen Y spooked by IT job stability
"Gen Y has started to buy into property so stability becomes more important when they can't ditch the rent and go back to live with their parents any more. That becomes all the more important as ..."
By nate.cochrane
 
 
 
Comments: 1
nate.cochrane
Mar 8, 2010 3:23 PM
Gen Y has started to buy into property so stability becomes more important when they can't ditch the rent and go back to live with their parents any more. That becomes all the more important as the cheapest interest rates in a generation start to rise on the back of low equity and high prices.
http://www.realestate.com.au/doc/Resources/Buy/fhbg/michael-mcnamara-gen-y-property-decisions.htm
Comments have been disabled for this article.
 
 
 
Top Stories
The New Zealand telco problem
Opinion: Could Telstra save Kiwi telcos?
 
IT price probe to 'name and shame' gougers
Industry ducking the issue, committee claims.
 
Revealed: 2012 e-government award winners
Government highlights projects, professionals of the year.
 
Sign up to receive iTnews email bulletins
   FOLLOW US...

Latest VideosSee all videos »

Latest Comments
Polls
Should the Government enact new legislation to protect copyright holders in the digital age?

   |   View results
Yes
  19%
 
No
  81%
TOTAL VOTES: 480

Vote