Madrid, March 21, 2023.- Stability, a good work environment and having a slightly higher salary, these are the conditions that young Spaniards value most when starting to work in a company, according to the latest Young Report. Business Talents on the attitudes and trends of young Spanish pre-university students, promoted and carried out by ABANCA, ESIC, Herbalife Nutrition and Praxis MMT.
Thus, for 30.4% of the students surveyed, the main reason for joining a company is that it offers job stability, followed by a pleasant environment (27.2%) and receiving a higher salary (26 .8%). Moving up in category, flexibility in the schedule, the opportunity to travel and training or that the company is responsible with society and the environment, are other working conditions most desired by young people. On the contrary, teleworking is what they value the least or what they are least interested in (21.4%), and if the results by gender are taken into account there are slight differences, both men and women prioritize stability, but they prefer a higher salary and promotion, while they prefer a pleasant environment and good treatment.
“The fact that for young people the main incentive when it comes to working for a company is stability is a reasonable response and not surprising, given the conditions of the labor market in Spain. Unfortunately, our country has the highest unemployment rates in the EU, and this problem is even greater in the case of young people, so it is essential for them to find stability and they prioritize being able to maintain a job over time over other issues” , says Mario Martínez, director of the Young Business Talents Report.
Regarding the factors that they consider most important for finding a job, 42.9% of the students answered that they are the interest and desire to work, followed by a good level of languages ??(41.4%), having knowledge (40, 2%) and experience (39.3%). Having a good academic record, having contacts, the type of career studied and luck, are other aspects that stand out when it comes to getting a job.
Predilection for the university
Regarding the choice of studies, two thirds of the young people surveyed (67.8%) have decided to study a university degree; 18.8% have not yet decided what they are going to do, and the remaining part (13.5%) do not plan to continue their studies once their current cycle ends. In this section, women are more confident about their academic future and the degree they will study (75.2%) than men (60.6%).
By autonomous community, those who are most clear about it are the students from the Basque Country and Aragon (>75%), and those who are least from Castilla-La Mancha (<52%). Of the students who plan to go to university, a third will head towards careers that have to do with business and economics, followed by law (13.7%), humanities and social sciences (12.1%).
More prepared than their parents
The report also provides data on the level of preparation of young Spaniards for their future employment. In this sense, six out of ten believe that they are more prepared than their parents’ generation, although it is noteworthy that the percentage drops by more than six points compared to the previous survey (76.5%). By autonomous community, it is those from Extremadura (>68%) who think that they are better prepared than their parents and those who think less so are those from the Balearic Islands (<55%).
Regarding whether they believe that what they are studying will be useful for their professional career, the majority (70.8%) think that it will be useful; a change in trend that reflects an increase in positive responses compared to the previous year (68.4%).
More pessimistic than a year ago
When asked about what they think the youth employment situation will be like, young people are more pessimistic than a year ago and believe that it will be worse or much worse in the next five years (41.4% compared to 38% the previous year ). By gender, men are slightly more optimistic than women, while, by community, it is those from Andalusia and the Canary Islands who see the future with the most possibilities, and those from Navarra and the Basque Country the least.
When asked if they would agree to change their residence to another country for work reasons, almost 77% of the students answered yes (six points less than in 2021), with those from Catalonia, Madrid and Murcia being the most predisposed to leaving Spain. , and those of Navarra, the most reticent. Regarding the preference of countries to move to, the United States continues to be preferred (37.8%), followed by the United Kingdom (15.8%) and Italy (13.3%).
the undecided grow
Finally, the report also provides data on what professional activity they would like to do in the future, and at this point, the number of young people who would like to be entrepreneurs decreases, either by creating their own company or being self-employed (33.9%), data slightly lower than that of 2021 (34.4%). Those who want to be civil servants (19.8%) and employed by others (14%) also decreased, while those who were undecided grew (32.4%).
85.5% of young people find it difficult or very difficult to achieve success if they were the entrepreneurs themselves. Even so, a majority of men choose to be an entrepreneur (30%), while women prefer to be civil servants (23%). If the data is extracted by communities, the young people of Catalonia (41.8%) are the ones who show the greatest entrepreneurial spirit, while those of Aragon (27.1%) are the ones who are least interested. Regarding the reasons why they would want to start a business, the majority (45.8%) would do it to do what they like and 24.8% to be their own boss.
About the study
The VIII Young Business Talents Report has been promoted and carried out by ABANCA, ESIC Business and Marketing School, Herbalife Nutrition and Praxis MMT, organizers of the Young Business Talents business simulation educational program, which enables students from all over Spain to participate in decision-making. decisions of a virtual company. The objective of this research is to know the attitudes and trends of Spanish pre-university students, as well as to identify the most relevant issues that can influence their future.
The survey has been carried out during the months of September and November 2022 to a total of 10,641 students between the ages of 15 and 21 who have registered to participate in the 2022-2023 edition of Young Business Talents and who are studying 4th of ESO, 1st and 2nd year of Baccalaureate and the basic, intermediate and superior cycles of Vocational Training.
For more information: www.youngbusinesstalents.com
About ABANCA ( www.abanca.com)
ABANCA is the leading financial entity in the northwest of Spain. It has 677 offices in 11 countries in Europe and America, 6,156 employees and a turnover of more than 106,000 million euros. Its differential proposal combines personal attention with the operation through digital and remote channels. ABANCA bases its activity on knowledge of customer needs and on a catalog of simple, innovative and transparent products and services. Specialization, internationalization and sustainability are other hallmarks of a financial institution that is among the most solvent in the sector in Spain. Since 2015, it has been carrying out an extensive financial education program that includes activities aimed at improving people’s financial knowledge, regardless of their age or the stage of life they are in. These initiatives reached more than 130,000 people last year and their collaboration with the Young Business Talents project falls within this framework.
About ESIC (www.esic.edu)
ESIC is a Higher Education institution founded in 1965 that specializes in training in Marketing, Management and Technology, fostering the capacity for innovation and entrepreneurship. Through its areas of activity -Undergraduate, Postgraduate, Corporate Education, Online Training, ESIC Vocational Training Center, Publishing and Languages-, it contributes to the training of people in knowledge, training them with skills and making them aware of values ??to respond to the current challenges of the business world at all levels. Its centers are located in Madrid, Barcelona, ??Valencia, Seville, Zaragoza, Malaga, Pamplona, ??Bilbao, Granada. In addition, it has strategic alliances on all continents.
About Herbalife Nutrition (www.herbalife.es)
Herbalife Nutrition is a global company dedicated to changing people’s lives with quality nutritional products and a business opportunity for its independent distributors since 1980. The company offers high-quality, science-backed products that are sold in over 90 countries by independent distributors, who provide personalized training to inspire their customers to adopt a healthier and more active lifestyle. Through its global campaign to end hunger, Herbalife Nutrition is also committed to bringing nutrition and education to communities around the world.
About Praxis MMT (www.praxismmt.com)
Praxis MMT is one of the world’s leading companies in the development of simulators and advanced training methodologies. Praxis MMT develops third generation simulators that accurately emulate markets.
YOUNG BUSINESS TALENTS COMMUNICATION AGENCY:
europa press Communication – 91 359 26 00
LETICIA GOMEZ (600 90 56 48) – leticiagomez@europapress.es
SILVIA MULLOR (666 43 32 77) – silviamullor@europapress.es
