After Less Than One Year
Young talent expect employers to move quickly to provide professional development and
promotions with higher salaries to keep them on board, according to new research by
● 74% of young talent left their first job due to a lack of professional
development, while 43% quit in order to pursue a higher paying role
● 58% agree their first job is the most important role they will ever have
● 80% of employers feel they give sufficient support to fresh graduates but 44%
said they had challenges with management and a lack of mentorship
● Job seeking Malaysians have less than 3 minutes to grab an employer’s
attention with their CV
More than a third of young Malaysian talent end up quitting their first jobs in less than a year, citing the need for quicker growth opportunities and a desire for more money as the main reasons to jump ship.
This is despite 58% of fresh graduates believing their first ever job is highly important to pave the way for their future careers. While professional growth (74%) and money (43%) were the leading reasons young Malaysians left their role, more than a third (38%) realized they needed to change the direction of their careers early on.
This data is according to new research by Monster.com, which surveyed over 700 fresh graduates and employers in Malaysia to uncover insights, challenges, and expectations around the recruitment process for young local talent.
The survey discovered numerous mismatches between talent and employer expectations when it comes to the graduate job seeker experience, as well as important insights into what local employers are looking for on CVs, and the biggest mistakes young talent make during job interviews.
When it comes to challenges on the job, the majority of fresh graduates said their lack of industry knowledge and experience affected their confidence in the role.
While this might be expected for inexperienced young professionals, a worrying 24% said they also struggled with a lack of mentorship, while 22% said they faced challenges with their boss. Twenty-one percent said they felt they should have been better compensated, while 20% added they probably were “not fully prepared for work life”.
While these results indicate a lack of leadership support to help young talent transition into their first jobs, 80% of employers said they believe they provide sufficient support to help fresh graduates succeed.
“This shows a worrying mismatch between the biggest challenges young talent say they face in their starting jobs, and local employers’ belief that they are providing adequate support for young talent to flourish. This should obviously be a concern for employers looking to attract, hire and retain young talent in the long-term,” said Sanjay Modi, Managing Director at Monster.com – APAC and Middle East.“
However, there is also a realization that young talent perhaps expects too much too soon. While salary will always be important for young talent, employers need to work harder to manage expectations around promotions within the first 12 months.
This is a time where young talent needs to prove themselves, work hard, and hit their targets as per their job description. Before achieving these goals, fresh graduates should not expect to be handed promotions and additional responsibilities.”
One way young talent can help themselves progress faster is through completing relevant internships prior to their first job search. In Malaysia, 60% of fresh graduates said they completed at least one internship before landing their first job – this is in line with employer expectations, with 91% saying this is important.
Yet interestingly, only 42% of employers currently offer an internship programme – although a quarter of them say they are planning to implement this in the next 12 months.
The survey also asked job seekers and employers about the biggest mistakes made during job interviews, and what hiring managers actually care about reading on a CV.
Across the region, 67% of employers say they spend less than three minutes reading any given CV – 50% spend 1-3 minutes scanning it, while 17% will only glance at your resume for less than 60 seconds.
When considering a CV, employers care most about any experience a seeker might have that is relevant to the role (68%), followed by qualifications and education (58%) and ensuring the resume is well-written and easy to read (45%). Interestingly, they don’t care much about proper spelling and grammar (11%), links to your portfolio of work (8%) or any volunteer experience you might have (5%).
Malaysian job seekers agree that the hardest part of writing a CV is the career summary (26%). When it comes to job interview mistakes, 54% of Malaysians say not doing enough research was their biggest regret, followed by not asking questions (46%).
In a bid to uncover what both fresh graduate job seekers and employers expect from the hiring process, Monster Malaysia has launched the #MyFirstJob campaign to provide insights and awareness around graduate recruitment.
Below is the official campaign video, featuring various CEOs talking about their first job experiences, and providing tips for young job seekers about to embark into the world of work.
Monster.com surveyed a total of 2,368 job seekers and employers across Singapore, Malaysia, and the Philippines, spanning all industries. This included 536 respondents in Singapore, 717 in Malaysia and 1,115 in the Philippines. The survey was conducted in each market to understand the unique challenges and barriers for both fresh graduate job seekers and employers looking to hire and retain young talent.About Monster Worldwide
About Monster Worldwide, Inc.
Monster Worldwide, Inc. (NYSE: MWW), the parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index. To learn more about Monster’s industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com/