Focused On The Future: Survey Shows Financial Security Tops List of Gen Y Career Concerns



    TORONTO, Feb. 26 /CNW/ - What career issues keep Generation Y
professionals awake at night? When asked to name their chief career concern,
one-third (33 per cent) of Gen Y workers polled cited compensation and
benefits issues. The second most common response was finding and keeping a
job, provided by 26 per cent of those surveyed; career satisfaction ranked
third, named by 23 per cent of respondents.
    The survey, commissioned by Robert Half International and Yahoo! HotJobs,
examines the professional priorities of the most senior members of
Generation Y or the "Millennials" -- those who have already started a career
or will soon start one. More than 1,000 adults between the ages of 21 and 28
were polled for the project. The findings are available in a report, What
Millennial Workers Want: How to Attract and Retain Gen Y Employees.

    
    Generation Y workers were asked, "What is your number-one career concern
for the future?" The responses, which were recorded verbatim, fell into the
following categories:

    Salary and healthcare/retirement benefits............. 33%
    Job stability......................................... 26%
    Career satisfaction................................... 23%
    Other.................................................  8%
    None..................................................  5%
    Don't know............................................  5%
                                                          ----
                                                          100%

    "The Gen Y professionals we surveyed were focused on practical concerns,
such as saving enough money for retirement and being able to balance work and
family obligations," said Reesa Staten, senior vice president and director of
workplace research for Robert Half International. "These basic quality-of-life
needs are common among all demographics in the workplace."
    Following are some verbatim responses from survey respondents asked to
identify their top financial and benefits-related concerns:

    -   "Having enough money to support the lifestyle I desire."
    -   "Getting paid enough to both save for retirement and enjoy the
        present."
    -   "How long I have to work into my golden years to secure a good
        retirement."
    -   "If I will ever be able to afford a future: a house, a wedding,
        children and retirement."
    -   "Access to health and retirement benefits."
    -   "That I won't make enough money to provide a good life for my family,
        with rising costs of everything from fuel to homes and food."

    The following responses were from Gen Y workers whose chief concern was
finding and keeping a job:

    -   "That I won't be able to get a job that matches up with my
        qualifications."
    -   "Being able to settle into the job right after graduation."
    -   "That the economy won't be sustained in order for jobs to be secure."
    -   "Being able to find a job after being outsourced."
    -   "If there will be enough jobs for the number of job seekers."
    -   "Having to switch jobs more than I desire."

    And, finally, survey respondents who focused on job satisfaction had the
following to say:

    -   "My number-one career concern for the future is advancement. A time
        will come when I need to decide if I should stay at my current
        position, or if I should take a new, better job. My concern is
        knowing how to tell when that moment comes."
    -   "Finding something that I am truly passionate about."
    -   "Whether or not I'll enjoy my work. Going to work when you hate it is
        so hard and tiring."
    -   "If I want to change careers, how much more will I have to put into
        going back to school? How much is it going to cost me to change my
        career, and will it be worth it?"
    -   "Finding a niche career that suits me."
    -   "Being happy with my job, and balancing work and home life."
    

    Staten noted that survey respondents placed the most emphasis on money,
benefits and professional growth. "Gen Y workers want the best healthcare and
retirement benefits employers can provide as well as defined career paths. To
recruit these professionals, firms should make these programs easy to
understand, promote them in detail on the company website and highlight them
during the interview process," she said.

    Survey Methodology

    The survey was conducted in the second quarter of 2007 by an independent
research firm. It includes a total of 1,007 online interviews of people 21 to
28 years old who are employed full or part time, and have or are currently
attending a post secondary institution. Among those surveyed, 505 were males
and 502 were females.

    About Robert Half International

    Robert Half International is the world's first and largest specialized
staffing firm with more than 360 staffing locations in North America, South
America, Europe and the Asia-Pacific region. The company's professional
staffing divisions include Accountemps(R), Robert Half(R) Finance & Accounting
and Robert Half(R) Management Resources, for temporary, full-time and
senior-level project professionals, respectively, in the fields of accounting
and finance; OfficeTeam(R), for highly skilled temporary office support;
Robert Half(R) Technology, for information technology professionals; Robert
Half(R) Legal, for project and full-time staffing of lawyers, law clerks,
paralegals and legal support personnel; and The Creative Group(R), for
creative, advertising, marketing and web design professionals. For more
information about the specialized staffing and recruitment divisions of Robert
Half International, visit www.rhi.com.

    About Yahoo! HotJobs

    Yahoo! HotJobs (www.hotjobs.com) is the fastest-growing Web site among
the leading job boards, with 63 percent year-over-year traffic growth during
January 2008, versus January 2007 (comScore Media Metrix). As a leader in the
online recruiting industry, Yahoo! HotJobs has revolutionized the way people
manage their careers and the way companies hire talent. Yahoo! HotJobs' tools
and advice put job seekers in control of their careers, and make it easier and
more cost-effective for employers and staffing firms to find qualified
candidates.

    Note to editors: Please contact Jason Chapman at 416-350-2330 to receive
a copy of What Millennial Workers Want: How to Attract and Retain Gen Y
Employees. Robert Half International and Yahoo! Hot Jobs will sponsor a
Generation Y webinar on Thursday, February 28, 2008, from 11:00 a.m. to
12:00 p.m. PST (2:00 to 3:00 p.m. EST). For more information or to register,
visit http://www.hotjobsresources.com/registerw3.htm.

    To schedule an interview for local commentary in Montreal, Toronto,
Calgary, Edmonton or Vancouver, please contact Jason Chapman at 416-350-2330
extension 62070.





For further information:

For further information: Jason Chapman, (416) 350-2330, extension 62070,
jason.chapman@rhi.com

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