Generation Y college graduates are enjoying a strong job market, but employers complain they want it all now and switch jobs if they don’t get what they want. The LA Times reports:
That revolving door is costly to employers. Every recruit gone after a year or so represents the loss of about 1.5 times the worker’s salary for costs associated with recruiting, training and the like, according to Saratoga, a San Jose-based unit of PricewaterhouseCoopers.
. . . Generation Y, the children of baby boomers and Gen-Xers, is often described as the entitlement generation.
. . . Many entry-level positions still require making copies, fact-checking reports and taking the blame when the manager messes up.
My daughter was graduated from Stanford in ’04 with an American Studies degree. She’s done plenty of time at the copy machine. Now she’s headed for law school at University of Chicago. Many of her friends have left their first or second job for graduate school. Only a few are in the same job they started two years ago.