Economic downturn changing Gen Y attitudes - TMS survey
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Travel and hospitality recruitment giant, TMS Asia Pacific, has released the results of its 2008 Salary Survey for Australia, showing some key attitude shifts, especially in terms of the ‘generation Y’ (Gen Y) age group.
Underlining the fact that in today’s environment personal development has become equally as important as salary, career progression features as one of the most dominant issues affecting Australian tourism industry. TMS survey results showed that while 60% of all industry employees rate career progression as being ‘very important’, while an increasing amount of Gen Ys are bucking the usual trend and staying with their employers longer.
TMS CEO Andrew Chan said it as interesting to see that the once all dominant salary issue was now taking more of a backseat, albeit temporarily. But it was a factor, he added, which shows that companies now need to offer even greater incentives to their staff in order to retain them, even in an environment where jobs were currently hard to come by.
“In these troubled economic times perhaps the importance of salary will take a temporary back seat in favour of job security,” Chan said. “But we should remember that all economic and industrial patterns are cyclical, and as tourism and the need to recruit the best people to work in the industry grows, the importance of salary will grow in turn.”
Conducted in November and December 2008, the TMS survey invited input from more than 5,000 industry staffers via an internet survey link. The Salary survey can be viewed online at www.tmsap.com.
Comments are closed.