Generation Y
graduates expect more than they get in their current
employment
Graduates nowadays are fiercely competitive
due to the high rate of unemployment, they aren’t satisfied with
their income or career status, and also felt that they deserve more
considering their high level of education.
This means that many graduates that have only just started their
career are looking to quit their jobs and look to further their
career. Many graduates are renowned for job hopping to further
their career rather than waiting for a promotion.
A report by Ashbridge Business School and the
Institute of Leadership and Management of 1,222 graduates
and 684 managers found that many young graduates feel their salary
is below or greatly below expectations. 80 percent of respondents
were particularly disappointed with their career advancement and
salary and 56 percent believed that they would land a management
position within 3 years of starting work. One in ten also believed
they would have a management role within a year.
If we look at the private sector in the UAE,
then the pattern from the research is likely to play out here in
the UAE as well, where a widespread desire among graduates to leave
the employers after only a couple of years undermines attempts to
manage talent effectively and promote the long-term success of the
organisation," said Rory Hendrikz, Ashridge Middle East
director.
This current dilemma for employees means
employee turnover is at a very high rate, and could affect the long
term success of the organisation. Even though the graduate job
market is still struggling many graduates feel they have better
chances elsewhere. "Organisations put a lot of effort and
investment into nurturing and developing their graduates in order
to establish a pipeline of talent that will drive innovation,
organisational effectiveness and competitiveness. However, a
widespread desire among graduates to move on within a few years
undermines efforts to manage talent effectively and promote the
long-term success of the organisation," noted Penny de Valk, chief
executive of the Institute of Leadership and Management.
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