Financial professions remain to be a demand regardless of the movement in the economy and the Generation Y children seem to run to it. Association of Chartered Certified Accountants and the human resource management consultancy, Mercer, conducted a research that would prove that young finance professionals of the Generation Y have a positive and confident career path now and the near future.
Generation Y refers to those who were born during the 1980′s to the year 2000. This group has obtained sufficient modern knowledge that made them adept with the latest trends and technology. They also include professional finance and accounting professionals that are filling vacant jobs in the business world.
The recent research – Generation Y: Realizing the Potential – concludes that Generation Y professionals specializing in finance and accounting continue to seek vibrant career paths, either within or without the common finance perspective.
The research was conducted using about 3,200 individuals from 122 countries all over the globe. This is considered to one of the largest studies of the Generation Y currently in the labor force. Major international organizations were interviewed to provide their opinions on how to manage the generation effectively.
According to the survey, most Generation Y, or Milleneals, finance professionals said that they are satisfied already with their jobs but some state that their organization is not competent to provide them enough opportunities for further career development in the near future.
Jamie Lyon of the ACCA said that Generation Y professionals are smart operators. The survey says that people belonging to this generation are hard working and flexible, however they also prove to be demand for quick and obvious rewards, she added. She said further that Generation Y wants to take their finance skills to broader areas but the employers see this as a huge challenge. They need to be careful to not mishandle the group as it can provide a larger risk, especially if the global economy starts improving.
The Head of Human Capital at Mercer, Chris Johnson, said that Generation Y is a lot with competitive resource market and that employers need to develop ways to attract professionals.
The other major revelations provided by this research state that the group continue to search for competitive packages. They want to have the money that they deserve and the life that could actually let them balance their work with their personal like. Experimenting is also an effective approach to develop the generation’s skills in accordance to the needs of the economy and its constituents. Finally, since these young generation wanted to develop their careers, employers should provide packages that would answer this by producing extensive learning opportunities for the group.
Money seems to be an eternal tool that motivates the demand for this job. Young professionals would soon find more tools that would have the ability to produce more resources for the nation, including jobs and improved infrastructures.
