People walk down a street in Seoul’s financial district of Yeouido on Sept. 23, 2021. (Yonhap)
SEOUL, March 3 (Korea Bizwire) — The values that millennials and Generation Z prioritize the most when selecting a job are shifting from one’s potential for growth to wages and working hours, a think tank report said Thursday.
The Korea Institute for Industrial Economics & Trade analyzed 104,511 college graduates from 2008 to 2019 using the Graduation Occupational Mobility Survey (GOMS).
The study showed that working hours and workload were the most important factors in selecting a job during this period.
In contrast, other factors like interest, suitability, potential for growth, and stability became less important in selecting a job.
Wages jumped from third to first place, becoming the most important factor in selecting a job. Working hours jumped from sixth to second place.
In contrast, the potential for growth dropped from first to sixth place, while job stability dropped from second to third place, interest/suitability kept fourth place, and employee welfare took fifth place.
In addition, looking at the shift in job values among young South Koreans who moved from other provinces to the greater Seoul area, factors like wages, working hours, interest/suitability, and employee welfare jumped in importance. Other factors like potential for growth or job stability dropped.
Members of Generation Z tended to prefer moving to a different region or the Seoul Metropolitan Area than millennials. They prioritized wages over job stability when selecting a job.
H. M. Kang (hmkang@koreabizwire.com)
