At the start of their career, these young people are already thinking about millions in salary

At the start of their career, these young people are already thinking about millions in salary

According to the Graduate Index, just over thirty percent of young people between the ages of 18 and 25 would make it with a monthly gross salary of HUF 350,000 or less.

Two-thirds of young people starting their careers would like to receive a gross salary of over 350,000 forints per month, but there are those who are already thinking about earning a salary of millions at the start – it was revealed from the Career Start Index prepared on behalf of the Work Force. In addition to a competitive salary, flexible working hours and open and supportive managers are the most important aspects for young people when choosing a workplace. The research among 18-25-year-olds – on a sample of 500 people, in May 2022 – was prepared by Atkári Research&Analysis on behalf of the Work Force, according to the plans, the index will be published annually. As it turned out, a competitive salary is key for young people starting their careers when choosing a workplace, they are not afraid of not being able to find a position that matches their qualifications, and they mainly look for jobs on Facebook and on employers’ websites when looking for a job. According to the research, just over thirty percent of young people between the ages of 18 and 25 would make do with a monthly gross salary of HUF 350,000 or less, about 60 percent expressed a higher wage demand, and 10 percent could not say how much they would like to earn. Nearly 27 percent of them want a salary between 350 and 450 thousand forints, but there is also more than 10 percent of those who consider a salary of 600-800 thousand forints to be realistic. Moreover, it is true that there are not too many of them – only 2.7 percent of the respondents – but there are also career starters who are already thinking about a salary of millions at the start. It is also very important for employers to be aware of the salary expectations of career starters, because another important finding of the research is that competitive salary is the primary consideration when choosing a job. This is followed by flexible working hours and open and supportive managers, but the welcoming team and the possibility of advancement are also among the most important factors. It is interesting that, depending on the level of education, there are surprising differences from this result. In the case of respondents with 8 general qualifications, for example, flexible working hours are even more important than competitive salary, and for skilled workers, supportive managers and teams, and good accessibility to the workplace were also more important than salary. Among those with a high school diploma, real, challenging tasks and the reputation of the company are also among the most important factors influencing the decision, while for those with higher education, salary is the primary consideration, followed by open and supportive managers and flexible working hours. The majority of young people are quite confident when it comes to finding a job suitable for their qualifications and meeting the expectations of managers. In relation to employment, nearly 70 percent indicated that they do not consider it difficult to find a suitable job, while slightly more than 60 percent feel that it will not be too much of a challenge to meet the employer’s expectations. In the current labor market situation, it can be good news for employers that a significant number of young people expect to spend longer in one place. During the research, 45.4 percent of the respondents indicated that they planned to stay in a workplace for five years or longer, and only around 10 percent were those who would change after 1-2 years. It is true that many people are uncertain about this question, as nearly 29 percent could not give a meaningful answer. There is no lack of ambition when it comes to career starters, 78.7 percent of them would like to move up to a higher position over time, and the proportion of those who feel that they have a realistic opportunity to do so within two years is slightly above 43 percent. Another slightly more than 45 percent expect to move up the ranks within 3-5 years. Employers should also be aware of how they can reach young people looking for a job. According to the Work Force survey, the best interface for this is Facebook, 60 percent of respondents indicated that they are looking for a job there. The second most popular platform is the employers’ own digital interfaces (35.4 percent find information on these), and personal inquiry was indicated by 25.3 percent of the respondents. Slightly less than a quarter of young people use the portals of HR service providers, and the proportion of those who also look at the opportunities offered by employment centers is around 21 percent. (For this question, one respondent could choose more than one answer.)”It is also clear from the data that today’s young people starting their careers are quite confident and although the salary is still key, the good working atmosphere, flexible working hours and good accessibility have become highly valued. These findings are fully in line with our own recruitment experiences gained on a daily basis Together with the Job Force School Association, we have a comprehensive picture of the needs of career starters, which we share with our clients, thus supporting them in forming an employer brand that attracts young people – said Zoltán Czellecz, the manager of Work Force.Hardware, software, tests, interesting and colorful news from the world of IT by clicking here!

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