Young talents looking for security.
In light of the economic and social upheavals of 2020-2021, young talents are increasingly looking for stability, security and traditional professional success. And among the priorities for the future there is high earnings more than anything else.
After a period of great uncertainty, young people are looking for career indicators like their parents' generations: high earnings, job security and career advancement paths. It is a new and different picture that emerges from the annual
Universum report
on professions and employers, created by interviewing over 220 thousand university students of economics, engineering and information technology in 10 of the world's largest economies.
The very nature of work has been disrupted by the health emergency and some changes among young people, such as the growing desire for security, may, analysts note, be temporary. The fact is that with Covid, young people experience a change in personal and career priorities: the pandemic has given Stem university students a chance to re-evaluate their working life and redefine the priorities of what they want from an employer and a career.
Certain types of professions related to high-stress industries are facing a kind of cultural 'showdown'.
With closed borders, severely restricted travel, and social distancing, first and foremost there has been a
waning interest in international careers.
In all sectors, the report reads, young people favor a future in companies based in their countries of origin. As the need for safety among younger workers grows,
the appeal of working for a high-growth, high-risk startup is waning
. Over the past five years, the Universum report has documented a fascination among young university talent for startups - for the type of work, the team and the culture of innovation that the start-up community offers. Yet, in the era of COVID-19, the splendor in the startup world is fading.
For IT students, securing a job at an innovative company is slightly less important in 2021 as job security picks up. Business students prioritize future high earnings first and as for business students, engineers say future high earnings are the top priority, but ensuring positive referrals and job security are moving up the priority list. for engineering students.
Although the pandemic has spurred many to launch new businesses (the U.S. Census Bureau, for example, reports an unprecedented 24% increase in starting new businesses),
young talent are no longer attracted en masse. from careers in startup businesses
. A Universum study found that in 2019, more than 1 in 3 HR and professional recruiting managers (38%) in major companies reported being "very" concerned "about talent competition from startups; in 2021, that figure dropped by more than half to just 16%. The study identified
five types
of people, of what talented business, engineering, computer science students around the world are envisioning their future:
The Go Getters:
Attracted to successful companies. Focus on high performance, quick promotions, prestige and achieving a high level of responsibility.
The Globe-Trotters
Attracted by big cities, they aim to work in multinational organizations that provide opportunities to travel abroad and work with an international community of colleagues.
Innovators
(Ground Breakers) links to teamwork, to a creative work and to a dynamic environment. Pioneers are looking for demanding jobs in companies that focus on innovation and new technologies.
Change-makers
Aim to work for a purpose, they would like to work in companies with a strong commitment to diversity and inclusion, with high ethical standards and corporate social responsibility.
The balance seekers
- balance seekers Seek flexible working conditions and work-life balance.
They are attracted to local companies that can offer secure employment and a competitive base salary.