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70% of Gen Y Leave First Job within Two Years

Sunday September 07, 2008

Additional high-level findings of the 2008 Life After College Survey include:

-    43% of Gen Y are not in the career they expected to be in after college, either because they couldn’t find a job, or another opportunity presented itself

-    60% are currently looking for another job or career, despite the fact that 57% indicated that they are also happy at their current job

-    74% of recent graduates are in a career that aligns with their college major

“Constant job hopping can create frustration for employers, who would prefer three years of service out of each new hire,” says Jenny Floren, founder and CEO of Experience. “However, HR managers can increase retention by making slight shifts in their organizational practices to accommodate entry-level employees.”

Experience recently published Gen Y Insights, a free series of research findings that help hiring managers understand work-related habits of Gen Y employees so they can make more strategic recruiting decisions. Additionally, as part of Experience’s ongoing efforts to help HR managers, Floren suggests making these changes to improve retention of Gen Y employees:

-    Setting expectations: Sharing what it’s really like to work at your company to Gen Y before they are hired can minimize unrealistic expectations from the start.

-    Direct communications: Gen Y employees communicate more frequently and more dynamically via instant communication methods. Hiring managers should incorporate IM, text messaging and other interactive practices into their communications.

-    Lifestyle benefits: Wherever possible, meet Gen Y’s needs by bringing them together for meetings and training sessions that marry entertainment and learning. Allow Gen Y employees flexibility with physical attendance in the office and at meetings.

Experience.com is the nation’s largest career site for recruiting talented young alumni and college graduates. Entry-level job seekers can gain a better understanding of possible career paths through Experience.com’s in-depth coverage on specific job functions and industries.

Survey Methodology

Experience’s 2008 Life After College Survey was completed in June 2008. College graduates who opted-in to receive communications from Experience were invited to participate in the online poll; 334 graduates from the Class of 2002 – Class of 2007 completed the survey.

About Experience

Experience is the only university-endorsed career network bridging the gap between college and the working world. Since 1996, we have partnered with universities to educate, assist and inspire college graduates to launch and lead extraordinary careers. Each year our award-winning network connects millions of candidates from 3,800 colleges and universities with more than 100,000 employers.

For more information, visit www.experience.com.

Experience is a trademark of Experience, Inc. Other company and product names may be trademarks of their respective owners.

Contacts
Matter Communications
Molly Smith, 978-499-9250 x234
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