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
in the First Year
_________________________________
Toronto, Oct. 22, 2014 - Express Employment Professionals, the largest franchised staffing company in North America, today released survey findings that reveal how long recent post-secondary graduates stay in their first job after graduation.
Of franchises surveyed, 77 per cent said they expect a recent graduate to stay less than a year in his or her first job. Only 22 per cent think the average graduate will stay for more than a year.
"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 |
Less than 3 months |
11% |
3 to 6 months |
22% |
7 months to a 1 year |
44% |
More than 1 year |
22% |
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If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Rita Mezzanotte at (416) 271-0667.
About Robert A. “Bob” Funk
Robert A. “Bob” Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has nearly 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 and Express in Canada
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 in the United States and the second largest privately held staffing company in North America. Its long-term goal is to put a million people to work annually.
Express launched in Canada in July, 1996, with a franchise in London, Ontario, and since then, has expanded and grown in Canada significantly. There are currently 36 Express franchises in Canada – seven in British Columbia, six in Alberta, and 23 Ontario.