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Gen Z smarter than Gen Y in finding first job, but are quicker to quit and ready to move on: The JobBuzz.in survey

By   /  May 14, 2016  /  Comments Off on Gen Z smarter than Gen Y in finding first job, but are quicker to quit and ready to move on: The JobBuzz.in survey

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Mumbai:  Getting the first is the turning point of anyone’s career.  In finding first job Gen Z working professions take fewer days compared to that of Gen Z workforce.  Further, Gen Z professionals have an edge over Gen Y as far as experience is concerned.  According to a new survey by JobBuzz.in (timesjobs.com), India’s leading employee engagement & employer rating platform, Gen Z professionals have a better experience in their first jobs compared to Gen Y professionals. The sample size of the Survey was  912 employees.

It can be noted that Generation Y candidates’ age bracket falls in 21 to 32 years and Generation Z candidates  16 to 20 years.

Out of 912 Gen Z and Y employees , 49% of Gen Z workforce found  their first job in less than 2 months as compared to 38% Gen Y candidates. Majority (45%) of Gen Y corporate executives took an average 3-6 months to land their first job, shows the JobBuzz.in survey, which reflects that the freshers  find their first pay cheque with a short span of time in this conducive job market.

On the other side, nearly 16% Gen Z candidates took about a year to find their first job while 14% Gen Y took this long – showing a preference for carefully evaluating job suitability prior to joining. In fact, nearly 2% Gen Z respondents claimed they are still unemployed and are looking for suitable opportunities in the jobs market.

“Gen Z jobseekers are far more informed and careful while choosing their first jobs – they have a host of tools and platforms available to them to evaluate job and organization suitability. They are also quick to move to another opportunity if they are not fully engaged – not just for more money but more so for challenging and exciting work environment with greater responsibilities,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

The survey has pointed out that salary is a major factor while selecting first job for both Gen Y (37%) and Gen Z (44%).  Surprisingly, despite pay is a main factor for both workforce generations, they have failed in salary negotiation skills as nearly 40% Gen Y and 58% Gen Z respondents did not negotiate their salaries during their first jobs. Furthermore, first job pay does not meet their expectations as 55% Gen Y and 53% Gen Z candidates weren’t even satisfied with their first drawn salaries, according to the JobBuzz.in survey.

About TimesJobs.com:  TimesJobs.com, India’s leading career and recruitment portal, is one of the best-selling online ventures of the Times of India Group. Conceived and launched in 2004, TimesJobs.com currently has a candidate database of more than 25 million registered job-seekers across levels and functions who clock-in over 60 million page views a month.

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