Employee Benefits Sullivan, Nicola
According to research conducted by Ernst and Young, graduates rank training and development over a large salary when selecting a future employer. An online poll, which registered nearly 600 respondents, showed that 41 percent of graduates view training and development as the most important consideration when weighing up a potential employer, compared with 44 percent when the same survey was last run in 2007. Salary and benefits remained the second most popular factor, increasing slightly from 18 percent in 2007 to 21 percent in 2011. “The poll raises interesting questions around the expectations of the post-recession class of 2011 versus those of 2007, who were graduating into an uncertain future,” according to Stephen Isherwood, head of graduate recruitment at Ernst and Young. The biggest change in students’ views was around work-life balance, which fell from the third most important factor in 2007 to the fifth in 2011: 16 percent and 11 percent respectively. “Generation Y’s are typically thought to value a healthy work-life balance more than any other generation but, based on the survey results, it’s clear that an increasingly competitive jobs market is tempering their expectations,” said Isherwood.
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EDSI Commentary
A possible side effect from academia failing to develop the actual skills needed in the workplace.
