Three-quarters of 18-27-year-olds are actively seeking jobs that offer more secure, longer-term employment opportunities, a new study reveals. According to research commissioned by insurance provider Admiral, almost nine out of 10 Generation Z employees prioritize finding a single employer that can provide financial security as well as a sense of community and belonging. The findings also show that the average Gen Z employee plans to stay in their job for around seven years, which is double the three-and-a-half-year average reported by official statistics.
The research highlights that the 18-27 age group is particularly inclined towards seeking an ’employer for life’ – one that not only supports their life outside of work but also offers opportunities for growth and mobility within the company. Project Manager Kate McHugh, aged 37, shares her experience at Admiral where she decided to stay with the company, defying the trend of job-hopping. She joined Admiral in 2010 at the age of 23, initially considering it a temporary solution. However, she soon realized the potential for career development and fulfillment within the company.
Kate McHugh’s journey at Admiral has been remarkable – starting from a stop-gap job to evolving into a managerial role and even transitioning into a different career path in project management. McHugh reflects on her decision to stay long-term, expressing gratitude for the opportunities and growth she has experienced at Admiral. The importance of young individuals recognising the value of longevity and stability in their careers is also highlighted in her story. This sentiment resonates with the findings of the study, indicating a shift towards prioritising security and continuity in employment among the younger workforce.
The trend of seeking long-term employment is gaining momentum among the younger generation, with a significant emphasis on finding a workplace that not only offers job security but also a supportive environment for personal and professional growth. The desire for stability, growth opportunities, and a sense of belonging within an organisation is becoming increasingly important for young employees. The research commissioned by Admiral sheds light on the changing preferences and priorities of the 18-27 age group in the workforce, indicating a shift towards valuing longevity and security in their career paths.
The insights from the study suggest that companies may need to adapt their recruitment and retention strategies to cater to the evolving needs and preferences of the younger workforce. Providing avenues for career progression, training, and creating a supportive work culture could be key factors in attracting and retaining young talent. As the job market continues to evolve, understanding and responding to the expectations of younger employees could be crucial for businesses looking to recruit and retain top talent.
In conclusion, the research findings underscore a growing trend among young employees towards seeking long-term and secure employment opportunities. The emphasis on finding an ’employer for life’ that offers stability, growth, and a sense of community highlights a shift in priorities within the younger workforce. The experiences shared by individuals like Kate McHugh at Admiral exemplify the benefits and rewards of committing to a single employer for an extended period. As organisations navigate the changing landscape of the job market, addressing the preferences and expectations of young employees could be instrumental in building a motivated and engaged workforce.