Most college students expect to stay with their first employers for less than three years, with the pace of their job-changing slowing down after their initial employment, according to the College Student Career Confidence Survey by Right Management, a wholly owned subsidiary of Manpower Inc.
PHILADELPHIA – August 13, 2007 – Most college students expect to stay with their first employers for less than three years, with the pace of their job-changing slowing down after their initial employment, according to the College Student Career Confidence Survey by Right Management, a wholly owned subsidiary of Manpower Inc.
According to the Right Management survey of 247 recent college graduates and college students throughout the U.S.:
61% of college students expect to remain with their first employers for less than three years
Only 16% anticipate continuing to change jobs as quickly throughout their careers
Instead, 34% said they plan to change jobs every 3 to 4 years, and 50% expect to switch employers every 5 years or longer.
The top factors most important to college graduates when considering which employers to work for are:
Opportunities for career development
Work/life balance
Good rapport with bosses and co-workers
Employers valuing their opinions
Receiving positive feedback for a job well done
Getting information in a timely manner
“Understanding what motivates recent graduates is important if you want to keep them in your organization for more than three years,” said Douglas J. Matthews, President and Chief Operating Officer of Right Management (www.right.com). “Career development opportunities are one of the top motivators. Giving them a chance to develop professionally and advance in their careers will foster higher levels of engagement, productivity, and retention.”
“And, according to Right Management's research, it costs an average of 2.5 times an individual's salary to replace an employee in recruitment, training, lost productivity, and severance costs. So, it pays to help get new hires committed to their jobs and organizations, and keep them fully engaged in their jobs, as early in their careers as possible.”
Each year, Right Management – leader in the career transition industry and experts in helping individuals identify and achieve career goals – conducts complementary career planning seminars for the children of its clients. In June, more than 600 college students and recent college graduates registered to attend The Right Steps to Career Success, offered in 40 cities across the country. The workshops, offered biannually, are designed to help participants better prepare for and successfully navigate the job search process.
About Right Management
Right Management (www.right.com) is the leading global provider of integrated human capital consulting, services and solutions across the employment lifecycle, offering employee services in four areas: Attract & Assess, Develop, Engage & Align, and Transition. Right Management helps clients maximize the return on their human capital investments while assisting individuals to achieve their full potential.
About Manpower Inc.
Right Management is a wholly owned subsidiary of Manpower Inc. (NYSE: MAN), a world leader in the employment services industry; creating and delivering services that enable its clients to win in the changing world of work. The $18 billion company offers employers a range of services for the entire employment and business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting.
Manpower's worldwide network of 4,400 offices in 73 countries and territories enables the company to meet the needs of its 400,000 clients per year, including small and medium size enterprises in all industry sectors, as well as the world's largest multinational corporations. The focus of Manpower's work is on raising productivity through improved quality, efficiency and cost-reduction across their total workforce, enabling clients to concentrate on their core business activities.
Manpower Inc. operates under five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More information on Manpower Inc. is available at www.manpower.com.
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