PETALING JAYA: More than a third of fresh graduates end up quitting their jobs in less than a year, citing the need for better growth opportunities and a desire for higher pay, a survey revealed.
According to a poll by employment company Monster.com, 36% of young talents leave their first jobs within a year, with 74% attributing this to a lack of professional development and 43% saying they pursued a higher paying role.
Although 58% agreed that their first job was instrumental in paving the way for their future careers, 24% said they struggled with a lack of mentorship, while 22% said they faced challenges with their boss.
Twenty-one percent said they felt they should have been better compensated in their jobs, and 20% said they were probably “not fully prepared for work life”.
This is despite 80% of employers polled believing they provide sufficient support to help fresh graduates succeed.
Sanjay Modi, who is managing director of Monsters.com for Asia Pacific and the Middle East, said the mismatch between the sentiments of employers and fresh graduates was “worrying”.
“This should obviously be a concern for employers looking to attract, hire and retain young talent in the long term,
“However, there is also a realisation that young talents perhaps expect too much too soon.
“While salary will always be important for young talents, employers need to work harder to manage expectations around promotions within the first 12 months.
“This is a time where young talents need to prove themselves, work hard, and hit their targets as per their job description,” he said, adding that fresh graduates should not expect to be handed promotions and additional responsibilities before achieving these goals.
The survey by Monsters.com included over 700 employers and fresh graduates in Malaysia.
According to the poll, 67% of employers say they spend less than three minutes reading a CV, with 50% scanning it for one to three minutes and 17% only glancing at it for less than 60 seconds.
When considering a resume, employers are most interested in any relevant experience the applicant may have (68%), followed by the candidate’s education and qualifications (58%).
Ensuring that the resume is well-written and easy to read is next in priority (45%), followed by proper spelling and grammar (11%), links to the candidate’s portfolio of work (8%) and any volunteer experience the applicant might have (5%).