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Sean Lyons Linda Schweitzer Linda Schweitzer Sean Lyons The Truth About Gen Z: What We Really Know about Their Employer Preferences & Career Aspirations

The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

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Page 1: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda SchweitzerLinda Schweitzer Sean Lyons

The Truth About Gen Z: What We Really Know about Their Employer Preferences & Career Aspirations

Page 2: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Source of Data:

• Annual survey of post-secondary students across Canada• 2019 included 28,416• Focus is preferences and decisions regarding:• Post-secondary choice• Career development• Communication channels • Employers• Careers

Page 3: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Student Sample

• 69 universities and 72 colleges in 10 provinces & 1 territory

• 17,252 university undergraduates• 1,579 college diploma/bachelors students

Female62%

Male35%

Non-binary1%

2%

4%

21%

9%

Indigenous peoplesPersons with disabilities

Visible minorityLGBTQ

AgeUniversity 22.3College 25.2

Page 4: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Student Profile

Full-time91%

Part-time5%

22% 24% 25%21%

8%

1stYear

2ndYear

3rdYear

4thYear

Other

Domestic 91%

International 9%

1%

3%

3%

5%

8%

13%

18%

23%

42%

OtherAgriculture

LawEducation

Computer ScienceHealth & Medicine

EngineeringBusiness

Arts & Science

Area of Study

Working while studying

51% university students – 15.9 hrs/week61% college students – 19.2 hrs/week

Page 5: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Co-op

Co-op Experience4 Best Aspects 1. Learning/development2. Environment

(coworkers, supervisor)3. Interesting work 4. Flexible work hours

5 Worst Aspects1. Compensation2. Uninteresting work3. Inconvenient location4. Poor orientation5. No learning/development

22%

47%

31%

21%

50%

29%

Decreased

Increased

No change

Impact of Co-op on Employer Attractiveness

University College

Co-op/internship

University 44%College 57%

Insights• Co-op = good recruiting vehicle• Must be well designed to be

effective as recruitment tool

Page 6: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Future Careers

3%

6%

18%

72%

7%

12%

29%

51%

Travel

Dont know

FurtherStudies

Employment

Plans after graduation

University College

66%

10%24%

73%

10% 18%

Certain Neutral Uncertain

Certainty of Career Plans

University College

Insights

• Fair degree of certainty of plans• Majority will be seeking employment • Career advice based on personal connections

6 Top Career Influencers

1. Parents2. Friends3. Coworkers4. Professors5. Online resources6. Partner or spouse

Page 7: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Career Expectations

Insights

• Salary and advancement expectations remain elevated• Seeking security and stability• Offering moderate commitment

Starting SalaryUniversity $52KCollege $53k

25%

55%

14%6%

35%47%

11% 8%

Within 1 year 1 To 2 years 2 to 3 years More than 3years

Time to Promotion

University College

Tenure with EmployerWhole Career

University 51%College 63%

Why?1. Security2. Stability

Why Not?1. Range of experience2. Start business (college)

Average Tenure Preferred University 5.8 yrsCollege 6.3 yrs

Page 8: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Job Search5 Top Job Search Sites

1. Indeed2. LinkedIn3. Google4. Campus career5. Employers’ websites

Accurate/Trustworthy Perspective of Employers

1. Current employees 2. Employer’s website3. Friends & family4. LinkedIn5. Employer rating websites6. Professor/Academic Advisor7. Co-op/internship/Career services

Page 9: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Job Search

Insights

• Students visiting employer websites but not satisfied

• On-campus presence and in-person presence matters

82%

72%

47%

63%

82%

70%

40%

69%

Prefer in-person torecorded video interview

Employers should spendmore time on campus

Employer websites usefulcontent and easy to use

Employers need toimprove their online

applications

Agree/Strongly Agree

University College

Page 10: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Employer AttractivenessPreferred Type of

EmployerTop 51. Medium/large-sized2. Health/Medical 3. Public Service4. Small business 5. Don’t know

Least Selected• My own business• Non-profit organization

Preferred LocationCanada

87% University 93% College

Insights

• Seeking traditional jobs (private and public sector)

• Domestic preferred• Ideal workplace is based

on culture

Ideal Employer Attributes1. Workplace Culture

• Friendly environment• Good work-life balance• Supportive leader

2. Job Characteristics• Interesting work• Job security• Training and development

3. Reputation & Image• Ethical• Good reputation

4. Pay & Benefits

Page 11: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Work Values and Career GoalsImportance for Choosing First JobTop 71. Healthy workplace2. Work-Life balance3. Good colleagues4. Interesting work5. Good supervisor6. Job security7. Advancement/development

Lowest Rated• Salary and benefits • Personal impact• Variety of work• Commitment to sustainability/diversity• Organization is a leader in its field• Opportunity to travel

Insights• Quality of both work and

life are very important• Seeking intellectually

stimulating work/career• Focus is also on the

practical• Prestige is not important

Career GoalsTop 51. Work-life balance2. Secure employment3. Serving a cause 4. Be creative and innovative5. Intellectually challenging

Lowest Rated• Be a recognized expert • Become a leader • Work internationally• Run my own business

Page 12: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Healthy Workplace and Work/Life BalanceAspects of Healthy

Workplace

1. Work/life balance*2. Valuing diversity 3. Supportive environment4. Health benefits5. Livable workspace 6. Learning culture

Promotion of Work/Life Balance

1. Flexible hours*2. More vacation days3. Work from home4. Health and fitness facilities5. Enhanced

maternity/paternity leave options

Insights

• Healthy workplace and work/life balance dominate work values

• Work/life balance = healthy workplace

• Flexible work arrangements are key to balance

Page 13: The Truth About Gen Z: What We Really Know about Their ... · • Salary and advancement expectations remain elevated • Seeking security and stability • Offering moderate commitment

Sean Lyons Linda Schweitzer

Take-Aways1. Co-op• Increases employer attractiveness• Poor work conditions push them away

3. Recruitment• Informal influencers top the list• Quality of employer websites is critical• Culture, health workplace and work/life

balance are key to recruitment • Not overtly ambitious - practical dreamers2. Career Plans

• Traditional, domestic career paths• Quality of work and life are top priorities• Seeking stability and security• Not motivated by merely salary and benefits• Pay and promotion expectations elevated but

not outrageous