Experience, Inc. the nationís leading provider of career services for college students and alumni, today announced results from its 2009 Economic Impact Survey, which measured the impact of the US and global economies on Generation Yís attitudes towards higher education and career prospects.
The survey found that many young adults are bullish about the job market:
Fifty percent (50%) of college students and recent grads feel the job outlook is still positive, and a nearly quarter (24%) believe the job market is stronger than depicted by national media
Seventy five percent (75%) of Gen Y says the value of their education will increase or remain the same in this market
ìGen Y represents the highest growth segment of the labor market,î says Jenny Floren, founder and CEO of Experience, Inc. and author of The Gen Y Way (New Year Publishing, April 2009). ìOur survey found the general confidence level of Millennials is much higher than that of the general population, which supports the notion that demographic shifts have created high demand for educated, entry-level talent – especially within the growth sectors of the global economy.î
Despite being frequently accused of holding ìunreasonable expectationsî at the workplace, the survey showed that Gen Y is willing to do what it takes to contribute to individual – and organization -- success:
30% are prepared to take on more projects or help colleagues with their work, so they can keep the positions they have
33% say they are willing to work more hours to improve job security
44% rank job security as more important than personal job satisfaction
ìDue to the seismic shift in population demographics, Gen Y will soon dominate our workforce, and will comprise half of the headcount at any given company within 10 years,î continues Floren. ìGen Y is optimistic about the future, and is eager to contribute to finding solutions to todayís challenges. We can all learn from their optimism and willingness to adapt to changing situations.î
Gen Y Reports Optimistic Attitudes about Work and Value of Education
Experience Survey Suggests Millennials are a Bright Spot in the Labor Market
