What does ‘Gen Y’ mean for your Business?: New Recruitment Trends
12th May, 2014 · Industry News
As a leading recruitment agency in the UK, Axis strive to explore the new industry trends to keep on top of our competitors.
Generation Y is the new generation that has arrived and embedded itself in the work environment, which is why you, an industry contender, needs to understand the correlation between Gen Y and the workplace to stay ahead.
Born between 1983 and 1995, this group of people now represent a significant percentage of the working and labour industry market. They followed Generation X, also known as the ‘Baby Boomers’, who have now started to retire, settle down and leave the labour force. According to the 2010 census, Gen Y comprise of 11.3 million people, which equates to 18% of the working population.
HR departments of your business and recruitment agencies, like ourselves, need to understand how this generation fits into your roles. You need to understand what the Gen Y desire and the useful skills they have, these will be the majority of applicants that Axis can source for your company.
Over 1000, 18-30 year olds were surveyed. To give you an idea of their status, 49% were in full time work and 14% were in part time roles.
When asked what they would like from a career; Gen Y wanted interesting work, this scored 60%. Of those who were surveyed, 47% desired an element of job security and 38% wanted to acquire knowledge and expertise.
What this means for your business is, specialised job roles that are of interest in the industry and also offer training will get snapped up quickly.
The top 5 factors when a Gen Y is deciding on whether to apply to a potential company were stated at: 53% training, 41% benefits, 37% flexibility and 29% defined career plan.
We, at Axis Recruitment, can offer support when it comes to defining and meeting your needs when it comes to aspects such as these, which you and the candidate are looking to meet.
To discuss how we can help you successfully recruit a member of the talented and career hungry Gen Y, please contact us.
*Source: Hays Gen Y and World of Work