SKILLS WILL ALWAYS PAY OFF
YOUNG workers are shaping up to be an employer’s dream as new research finds they are more likely to update their skills and less likely to ask for a pay rise.
Human resources firm Adecco’s 2020 Salary Guide finds just 22 per cent of under-30s asked for a pay rise last year compared to a 26 per cent workforce average.
More people in this age group also say they are happy with their salary (39 per cent) than the average across all age groups (36 per cent).
Meanwhile, research from software company MYOB finds many Generation Y Australians (aged 25 to 39) plan to update their skills, with about two-thirds (68 per cent) saying this is likely in the next five to 10 years, well ahead of the national average of 49 per cent.
However, this trend may also be reflective of Gen Y’s propensity to change careers, which is not typically a positive for their employers.
MYOB head of organisational development Lauren Trethowan says one way employers can keep good people is to offer options for employees to inspire career diversity.
“It’s expected that particularly younger generations will continually upgrade their skills so they can take on different career paths,” she says.
MYOB is addressing this with programs such as Flex Learn, which gives employees access to online courses though LinkedIn Learning.
The Adecco research finds about one in five under-30s workers leave their employer for a new role because of a lack of development or training. The most common reason, however, is for better career opportunities (40 per cent agree). Just 16 per cent cite salary.
Career development expert Ineke McMahon says job hopping only adds value when done strategically.
“As job hopping becomes more common, employees will need to diversify their skill base in order to set themselves apart,” the Path to Promotion course creator says. “Just because you are competent in your role, and have the experience, doesn’t mean that you are worth more than you were previously.
“Understand your skills and the price they command on the market – look around at what positions with similar skillsets are paying.”
AS JOB HOPPING BECOMES MORE COMMON, EMPLOYEES WILL NEED TO DIVERSIFY