Hired Today, Gone Tomorrow: Recent Grads Don’t Stay in First Jobs Very Long
77% of Express Owners Surveyed Say the Average Grad Will Leave Their Job in the First Year
OKLAHOMA CITY, (PRWEB) October 22, 2014 - Express Employment Professionals, the nation's largest franchised staffing company, today released survey findings that reveal how long recent college graduates stay in their first job after graduation.
More than three-quarters, 77 percent of franchises surveyed, said they expect a recent graduate to stay less than a year in his or her first job. Only 23 percent think the average graduate stays for more than a year.
Findings come from the 2014 edition of the "America Employed" survey of 115 Express franchises across the nation. This is the second year Express has released findings from its "America Employed" survey. Respondents were asked to say how long "the average graduate" will "stay in their first career job following graduation." Full results for both 2014 and 2013 are below.
"These survey results bring to mind a couple of trends that we've seen for years now. First, many in the Millennial generation are taking jobs that they are over-qualified for and thus are eager to move on when something better appears. Second, we've seen a decrease in employees' commitment to employers as a higher value is placed on personal advancement," said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City.
"If employers want recent grads to stay on board long-term, they're going to have to find ways to make their companies more attractive. It's true that the 'grass isn't always greener,' but this generation seems plenty willing to go check out the grass on the other side. Employers, take note!"
In your opinion, how long does the average recent college graduate (graduating within the last 18 months) stay in their first career job following graduation?
2014 vs. 2013
Less than 3 months 4% vs. 0%
3 to 6 months 10% vs. 16%
7 months to 1 year 63% vs. 58%
More than 1 year 23% vs. 26%
If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Sherry Kast at (405) 717-5966.
About Robert A. Funk
Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has more than 700 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than five million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professionals
Express Employment Professionals puts people to work. It generated more than $2.5 billion in sales and employed nearly 400,000 people in 2013. Express ranks as the largest franchised staffing company and second largest privately held staffing company in the United States. Its long-term goal is to put a million people to work annually.
SOURCE Express Employment Professionals
Express Employment Professionals
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