You are currently viewing Nearly 70% of Gen Z workers want to stay with a company long-term, so why do they keep leaving?

Nearly 70% of Gen Z workers want to stay with a company long-term, so why do they keep leaving?

“The entry-level applicants had anything but a traditional college and job search experience,” said Laura Coccaro, Director of Human Resources, iCIMS. “As the workforce has abruptly gone virtual, so have students – recent graduates have completed up to half of their schooling remotely and likely canceled or postponed internships. Although organizations are not may not be ready to completely transform the way they work, we have a lot to learn from recent graduates Hiring teams need to look for ways to modernize processes, show empathy and have realistic expectations if they want to successfully hire this generation of talent.”

Get the job

  • Entry-level candidates have high expectations for “securing the bag”. Recent graduates expect an average salary above $70,000while employers expect to pay entry-level candidates slightly less $53,000. When it comes to getting paid, one in five recent graduates expect cryptocurrency to be a compensation option.
  • The gender pay gap continues to negatively influence women’s expectations. Recent female graduates expect to win $10,000 less than a year than their male counterparts. Over the past seven years that iCIMS has commissioned this research, women consistently expect to earn less money in their first job than men.
  • Cancel the cover letter. Only 3% of employers ranked cover letters among the top three essentials for landing a job. Soft skills, hard skills, and previous work or internship experience were among the top attributes for capturing an employer’s attention on a job.
  • An unprofessional interview appearance could cost candidates the job. Recent graduates say dress codes are outdated, as more than a third (37%) think what they wear to work shouldn’t matter. However, recruiting professionals claim that unprofessional appearance is the number one reason entry-level candidates don’t get hired. Whether it’s a virtual interview in a bedroom or an in-person interview in a meeting room, a professional appearance is necessary to ace an interview and land the job.
  • In line “bullying” isn’t just for dating. The majority (70%) of recent graduates check employer sites when preparing for interviews and more than half (54%) admit to researching managers on social media, including their personal Instagram and Facebook . A more effective way to give candidates a glimpse of their future colleagues or managers is to include video testimonials from real employees on the career site, job descriptions, social media, and email and SMS campaigns with candidates. .

New ideals for the workplace

  • Recent graduates pass the loyalty test. While entry-level workers have gained a reputation for switching jobs, the overwhelming majority (91%) say they care about how long they will stay with an employer, and nearly 70% see themselves staying with an employer long-term.
  • They work to live instead of living to work. Gen Zs are loyal, but their well-being wins out. Almost half (49%) say a full-time job is “just a job” and prioritize their personal passions. Many Gen Zers (48%) say they don’t need to work 9-5 hours to be successful in their careers.
  • Gen Z adapts for more flexibility. Nearly 70% of recent graduates would like their job to accommodate remote work, although 90% would go to the office. They may be disappointed with the reality, as NACE has reported that only 42% of their entry-level positions will be entirely in-person.
  • Mental health matters. Two in three recent graduates expect their employer to support their mental health and engage in open conversations about it. They must also personally align with the company’s mission and core values ​​when applying for a job.
  • Virtual reality isn’t just for gamers. About a third of recent graduates would be comfortable working in a virtual reality (VR) environment, such as the Metaverse. But other generations of workers aren’t ready for it, as only 13% of older generations say they would like to spend their days in a VR workplace.

To explore the full results and entry-level hiring trends, download iCIMS’ COVID-19 Class Report here. For more information and data-driven expertise on how to build strong talent pools and teams, visit www.icims.com.

Survey methodology
The survey was conducted by Wakefield Research among 500 U.S. HR/recruitment professionals and 1,000 U.S. adults who graduated from a bachelor’s degree program in 2020, 2021 or will graduate in 2022 between March 31 – April 11, 2022, using an email invitation and an online survey. Data/surveys have been weighted to facilitate follow-up analysis.

About iCIMS, Inc.
iCIMS is the talent cloud company that enables organizations to attract, engage, hire and advance the right talent that makes up a diverse and winning workforce. iCIMS accelerates the transformation of a community of more than 4,000 customers, including 40% of the Fortune 100. For more information, visit www.icims.com.

Contact
Carlee Capawana
External Communication Manager, iCIMS
[email protected]
9089476572

SOURCE iCIMS, Inc.

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