Millennials' job-hopping days may be over, study says

Katrina Domingo, ABS-CBN News

Posted at Sep 01 2017 08:59 AM

MANILA - Millennials are increasingly looking for job security, a study by a recruitment website showed, suggesting that the top executives of the future are shedding their notoriety for job-hopping.

Job security was the top consideration of respondents in a poll wherein 68 percent of the 3,658 respondents are millennials, or those born from the early 1980s.

While they value stability, millennials also said they were looking for opportunities for career growth, according to the study. The generation account for fresh graduates up to junior executives in the workforce.

Some millennials might have learned their lesson from working for startups that eventually closed shop, said Philippines country manager Philip Gioca.

"Pumunta sila doon, very lucrative, very promising, very millennial yung thinking nung company only to find out that after 12 months magsasarado na yung company kasi hindi na kaya. Kaya ngayon, ang hinahanap na nila stability," Gioca told ABS-CBN News.

(They went for it, found it very lucrative, very promising, the company had very millennial thinking, only to find out after 12 months that the company can no longer continue. Now they are looking for stability.)

Millennials now aspire to work for conglomerates and multi-national companies that offer seminars and opportunities for career advancement, he said.

"They want to stay longer in a company, but there's still that need for them to grow and sharpen their salt," he said.

All top 10 companies that Filipinos aspire to work for according to the same survey are either conglomerates, multinational companies or among the country's most enduring companies.

This year's top choice, Manila Electric Co, has been in business for 114 years, followed by 127-year-old San Miguel Corp. Google Philippines placed third.

The generation that grew up with the internet get most job information from online news and social media, the study showed.