The 2016 Yello Recruiting Study Dispels Millennial Hiring Myths

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Speedy hiring, mobile-friendly sites, clear career paths and engaged recruiters are paramount in attracting and retaining recent grads

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Yello, the leading talent acquisition software company, announces the release of the 2016 Yello Recruiting Study. For the study, Yello used its proprietary data and surveyed more than 7,000 students and recent graduates to gauge their perspectives on the hiring process. The survey offers exclusive insights into the motivations of this next wave of talent, and how recruiters and companies can best engage these recent and soon-to-be graduates.

“In the workplace, millennials are often labeled as entitled, lacking company loyalty, and only focusing on perks such as happy hours or in-office ping pong tables. Our data debunks that myth and shows recruiters what really motivates millennials,” said Jason Weingarten, CEO and co-founder of Yello.

Key findings of the 2016 Yello Recruiting Study include:

Career growth and learning are valued over salary: Respondents were two times more likely to value career growth and learning over salary in accepting a job. “Millennials are clearly drawn, first and foremost, to employers that offer continued growth and learning opportunities. Increasing the salary for in-demand candidates no longer works; today’s job seekers simply cannot be bought,” said Weingarten.

Click to Tweet: Millennials were 2X more likely to value career growth and learning over salary in accepting a job @yello_co survey

Technology is key to attracting and hiring millennials: Yello’s findings show approximately 20 percent of respondents have applied for a job via their mobile device. Conversely, 20 percent have chosen not to apply to a company solely because the career page was not mobile-friendly. Employers who place an emphasis on a mobile-friendly career page -- and even enable applications via mobile devices -- can open the door to a new population of applicants who might not have otherwise considered the company.

Click to Tweet: 20% of millennials won't apply to your jobs if the site isn't mobile-friendly @yello_co survey

Speed is the difference: 62 percent of potential employees indicated speed is a top factor in whether or not they accepted a job, especially if they are applying to multiple jobs at the same time. Organizations no longer have the luxury of thinking they are the only offer on the table. “If the company had waited any longer to make an offer, I would have accepted an earlier offer that was made to me,” said one Yello survey respondent.

Click to Tweet: 62% of potential hires say speed is a top factor if they accept a job, especially if they're applying to multiple companies @yello_co survey

Recruiters are here to stay: Despite technology driving much of job seekers’ company research, recruiters still play a key role in the hiring process. More than three in five respondents indicated a recruiter impacted their final decision to accept a job. In an age where recruiting software makes the hiring process more efficient and automated, recruiters can serve as a guide to keep potential employees updated and well-informed during every step of the process.

Click to Tweet: 3 in 5 new grads report that the recruiter impacts their decision whether or not to accept the job offer @yello_co survey

To download a full copy of the report, visit the 2016 Yello Recruiting Study.

Methodology
In March 2016, Yello surveyed 7,447 collegiate or recent post-collegiate students on their interviewing and hiring experiences. All individuals were either currently employed or had accepted full-time or internship offers. These participants entered the Yello database as a result of a university or diversity career fair they attended in the last 36 months.

About Yello
You had me at Yello: Work with the Chicago-based software leader that is radically reinventing recruiting. Employers of all sizes – from Fortune 500 multinationals and large public sector organizations to high-growth early stage companies – rely on Yello to manage and mobilize their recruiting processes. Previously known as Recsolu, Yello's considerable experience includes campus, professional, high volume and specialty recruitment. When you're ready to say hello to your next great hire, think Yello. Connect with us on Web |Twitter | Facebook | LinkedIn

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Meg Avril
Walker Sands Communications
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