More flexibility, more security—and more money
There are signs that Gen-s’ love affair with tech may be losing some of its ardour. After a decade of frantic hiring, tech is suddenly looking like a less secure early-career bet for the ambitious graduate. Having taken a battering from nervy investors this year, companies such as Alphabet, Meta, Microsoft and Uber have slowed hiring. Twitter has revoked recently made job offers. Netflix has laid off hundreds of workers. So have newer tech darlings such as Coinbase and Robinhood.
Graduates’ sharpening focus on job security also boosts the appeal of the public sector, notes Dan Hawes, co-founder of Graduate Recruitment Bureau, a British firm. In Britain, applications for government jobs rose by nearly a third at the start of the pandemic. In March there were an estimated 67,000 more public-sector employees in the country than a year earlier. Around 1.
If graduates keep gravitating towards safe government jobs, that will leave a smaller talent pool for private employers to fish in. Despite signs of a slowing economy, labour markets remain tight. Many older professionals quit their jobs during the pandemic. Others retired early. Britain’s labour force has lost more than 250,000 people since covid-19 first struck. America has 3.3m fewer people working. The latest official figures there show 11.3m job openings but only 6m unemployed Americans. It will take at least four years for the American labour market to return to its pre-pandemic employment rates, according to theHow far will companies go to entice younger workers—and keep them happy? For the time being the short answer seems to be: quite far.
The best thing firms can do to attract young talent is to cough up more money. According to Universum, some earlier Gen-hobby horses such as an employer’s commitment to diversity and inclusion or corporate social responsibility have edged down the list of American graduates’ priorities. A competitive base salary and high future earnings have edged up.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exeter University class of 2020 graduate at lastStudents who should have had their ceremonies in 2020 have finally been able to celebrate.
Read more »
Jesse 'J-Lingz' Lingard told to 'ignore the dinosaurs' like Jordan and Keys after Forest moveFootball365 - Lingard has been criticised by pundits and fans for his decision to move to Forest and his resulting activity on social media.
Read more »
NI woman with Asperger's says many employers make assumptions on her abilities“Employers and their HR teams should know that we are diverse in how we cope and think of what can be done.”
Read more »
New Knolly Endorphin 27.5' enduro bike coming, revised tubes & geo on all modelsKnolly shows off prototypes of their next gen full suspension MTBs, plus an all-new Endorphin 27.5 full suspension bike for shorter riders.
Read more »
Exclusive: Canada's Drag Race winner Priyanka shares All Winners dream castCanada's Drag Race winner Priyanka shares who she wants to appear on All Winners season with
Read more »