360° Coverage : Study: Millennials And Employers Disagree On Path To Success

2 Updates
Study: Millennials And Employers Disagree On Path To Success

Study: Millennials And Employers Disagree On Path To Success

Jan 28 2014, 8:07pm CST | by

Against the foreboding backdrop of a soft job market and economic uncertainty, a war of generations continues to be fought in the American workplace. Bentley University, a business-focused...

Filed under: news


35 weeks ago

Study: Millennials And Employers Disagree On Path To Success

Jan 28 2014, 8:07pm CST | by

Against the foreboding backdrop of a soft job market and economic uncertainty, a war of generations continues to be fought in the American workplace.

Bentley University, a business-focused university based in Waltham, Massachusetts, commissioned a massive survey (conducted between October 17 and 25, 2013) of more than 3,000 millennial students, recent graduates, employers, educators and parents as a part of the formal launch of The PreparedU Project. Bentley officials describe the project as an opportunity for different stakeholder groups to talk candidly about preparation for today’s workplace.

The study, conducted by KRC Research and released this evening, reflects some key differences between generations:

  • 77% of high-school students and 74% of college students express confidence that a college degree is a sign of preparedness for the job market. Some 62% of business decision makers agree—a subtle but important gap in perception.
  • 37% of respondents say that a college degree is a strong predictor of success in life. However, only 28% of business decision makers take this view, compared with 60% of high school students and 52% of college students.
  • 24% of those surveyed said that education is a key element of preparation; 23% said skills; 17% said personality traits; and 15% said work ethic. Yet tellingly, there were differences in which groups valued work ethic.  (A separate post tomorrow will examine the work ethic issue in greater detail.)
  • 45% of business decision makers and 39% of recruiters give recent college graduates a grade of “C” or lower in rating their hard skills (technical skills specific to a profession or function, as well as math and writing). But only 20% of recent college graduates would give themselves a “C” or lower on their hard skills.
  • 57% of recent college graduates say they wish they had acquired more hard skills in college.  But 55% business decision makers and 60% of corporate recruiters say they wish the grads had developed more soft skills in college (soft skills refer to work philosophy, work style, attitude, and other traits).

“The research indicates that we need to work together, says Bentley University President Gloria Larson, “to close the preparedness gap – ‘we’ meaning businesses, education, parents and students, and recent college graduates. Larson, who will host a panel discussion on the findings in New York tomorrow, adds, “The good news is that there is a surprising degree of accountability, self-reflection and self-responsibility across all these audiences, who recognize that they need to make some changes in order to implement solutions.”

Most stakeholder groups surveyed take some responsibility for the lack of a perfect fit of recent graduates to jobs—however, they take this responsibility to varying degrees:

  • 62% of respondents say that millennials’ lack of preparedness for the workforce is “a real problem.” Among business decision makers and corporate recruiters, 64% say this is a problem for their own company, and 74% say this impairs the larger U.S. economy.
  • A full 61% of recent college graduates would give their group a “C” or lower on their preparedness for their first job. But only 37% of recent graduates would say that their own personal level of preparedness for their first job would rate a “C” or lower.
  • 51% of all respondents give colleges a “C” or lower grade in preparing students for the workplace. Only 41% of college students themselves give such a low grade to their schools, though.
  • About 9 in 10 respondents say colleges could improve career prep without raising prices or damaging educational quality. This includes 89% of influencers in higher education.

The survey also found some contradictions and lip service among employers regarding what they value in an employee and what they would actually hire.

  • Asked to rank hard skills and soft skills, employers put soft skills on top. Business decision makers and recruiters are actually less likely to say that job-specific knowledge is important than are other stakeholders.
  • But impatience and reality then set in, and 65% of business decision makers and corporate recruiters admit to a preference for hiring a college graduate with industry-specific skills rather than a liberal arts graduate who needs to be trained first.
  • Employers cite integrity as the most important soft skill, with 84% of business decision makers and 78% of recruiters saying it’s very important for success in the workplace.

The survey also finds some nagging concerns on the part of college students and their parents: Nearly two thirds of students and parents believe the educational experience is worth the cost; but a full 35% disagree.

[Please share your own insights and experiences with our Forbes.com community in the comments section. And hit "Follow" at the top of the page to receive notification of more career and management advice from Rob Asghar.]

Source: Forbes Business


4 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 p ...
Source: Business Times Singapore   Full article at: Business Times Singapore


4 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of ...
Source: Business Times Singapore   Full article at: Business Times Singapore


Don't miss ...


<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.


blog comments powered by Disqus

Latest stories

Modi hard sells India to big US business
Washington, Oct 1 (IANS) Hard selling India with assurances of a business-friendly environment and a stable and simpler tax regime, Prime Minister Narendra Modi invited top US business to come and invest in India.
First Ebola case diagnosed in US
Washington, Oct 1 (IANS) A patient in Texas has tested positive for Ebola, becoming the first person diagnosed in the US with the deadly virus, US health authorities said Tuesday.
Thousands of children orphaned by Ebola: UNICEF
United Nations, Oct 1 (IANS) At least 3,700 children in Guinea, Liberia and Sierra Leone have lost one or both parents to Ebola since the start of the outbreak in West Africa, according to preliminary estimates by the UN Children's Fund (UNICEF), which was released here Monday, and many are being rejected by their surviving relatives for fear of infection.
Apple benefited from illegal tax agreements in Ireland: EU
Brussels, Oct 1 (IANS) European Union (EU) regulators Tuesday announced that Apple Inc. enjoyed state aid from Ireland for many years via illegal tax agreements.

Latest from the Network

Jeremy Renner and Matt Damon could appear together in Bourne movie
Jeremy Renner says there are plans for him and Matt Damon to appear together in a Bourne film. In September, a report suggested Damon and director Paul Greengrass would reunite for their third Bourne film together - but...
Read more on Movie Balla
Anti-IS motion submitted to Turkish parliament
Ankara, Oct 1 (IANS) The Turkish government has submitted a motion to parliament to extend the scope of potential action against the Islamic State (IS). Deputy Prime Minister Bulent Arinc Tuesday said the parliament...
Read more on Politics Balla
5 Things You Need To Know About Apple Pay
The iPhone 6 and Apple Watch announcements might have gotten the most press after the September 9 event from the Cupertino company, but Apple Pay is certainly something that is worth keeping an eye on and there are five...
Read more on Apple Balla
New Reports Say Apple Watch Entering Production In January
Millions of people are anxiously awaiting the release of the Apple Watch, which promises to change the way the public at large views wearable technology after the failure of devices like Google Glass. Where many other...
Read more on Apple Balla
The iPhone 6 Is Coming To China
The iPhone 6 launch was the biggest that the company has ever had, selling 10 million units in the first weekend alone. There was one country missing out, though, and that was China, who is one of the largest markets in...
Read more on Apple Balla
Will Europe Welcome Apple Pay?
Apple has a lot on the plate for the next year, especially after the big announcements that took place earlier in September. One of the most interesting of the announcements was that they were going to release their own...
Read more on Apple Balla
Is The iWatch Getting A Release Date?
The Apple Watch might have finally been officially announced on September 9, but that doesn’t mean Apple is letting loose what the eventual release date is going to be. New reports say that it might not be coming as...
Read more on Apple Balla
Will Paypal Play Nice With Apple Pay?
Apple’s September announcement event brought several brand new products, but the Apple Pay system is perhaps the most interesting given the effect that it could have on the retail experience of millions of users. It...
Read more on Apple Balla
Chinese ship capsizes near Japan
Osaka, Oct 1 (IANS) A Chinese ship has capsized near Japan, the Chinese consulate general said here Wednesday. Official said five crew members of the ship LURONGYU2859 were rescued, while some nine were still missing...
Read more on Politics Balla
Modi makes a 'hugely successful journey' to America
Washington, Oct 1 (IANS) Prime Minister Narendra Modi wrapped up what he himself called a "hugely successful journey" to the US, winning over everyone, from President Barack Obama down, hardselling India to big...
Read more on Politics Balla