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A fat paycheck isn’t enough for new graduates; they want this instead

Make way for the new workforce. (Photo: Getty)

Young professionals entering the workforce for the first time aren’t just looking for a fat paycheck.

They invest their money according to their values, so it should come as no surprise that they want to work in a way that incorporates their lifestyle.

According to new research by the Global Alliance in Management Education (CEMS), unsurprisingly, salary came out on top as the key criteria job-seekers look for in a new role.

This was followed by work/life balance, opportunities for quick career progression and the opportunity to make an impact at an early stage in the role.

Opportunities for global travel and inspirational leadership came in fifth and sixth place respectively.

The new workforce has drive – and heart

CEMS executive director Roland Siegers said the new professionals “crave quick career progression and the chance to make a genuine impact at an early stage.

“Work is not all about money – achieving a good work/life balance is more important than ever.”

And companies need to sit up and pay attention if they wanted to benefit from the ambition of these young workers and give themselves a competitive edge.

Interestingly, graduates ranked soft skills, such as persuasion, emotional intelligence and empathy, as the most important skill to have in the workplace, followed by people management skills like leadership and motivation.

This is reflective of World Economic Forum’s skills outlook which indicated that the skills of emotional intelligence and social influence would be in higher demand in 2022, while technology and manual labour skills would decline.

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