Supportive leadership and CSR: What NewGens expect from companies

Written on 06 Dec 2019.


 

A study by the EDHEC NewGen Talent Centre reveals that while future graduates of higher education have a generally positive vision of companies, they are not naive. They expect companies to develop their commitments to social and environmental issues.

Young people have a generally positive image of companies -  an important finding from our study “NewGen for Good: How will the new generation transform companies?”. Indeed, 88% of future graduates responding to our survey said they have a "positive" (69%) or "very positive" (18%) view of the business world.

For the 2,700 students interviewed, who are at the end of their second year of studies in higher education, companies are "economic hubs", who play "a central role in world affairs", because they "create jobs" and "advance causes". For those reasons, the new generation believes "that change occurs through companies".

Future graduates believe that "companies have the power to transform human beings" by providing a platform for reaching beyond one’s limits. Companies, perceived as "a place for meetings, networks and socialisation", are the stage for a collective adventure. But young graduates also believe that companies have the economic power and therefore the responsibility to make a difference.

Not naive

Despite their positive view of companies, young people are not naive in terms of what to expect of their professional lives. They are very aware that efficiency can be achieved "to the detriment of personal development and human relations".

Companies are sometimes perceived as being out of touch with today’s world describing them as "outdated", "vertical and complicated", "inefficient", and lacking in diversity.

Indeed, 61% of the future graduates surveyed believe that companies are likely to undergo major changes over the next 5 years.

The key transformations they hope for concern work relations and respect for individuals (57%). They seek leaders who are supportive and the optimisation of working conditions, because "well-being, as opposed to ongoing pressure, leads to better results ", as one survey participant underlined.

The second most desired transformation (46%) regards respect for the principles of sustainable development and corporate social responsibility (CSR). This trend is more pronounced among the women surveyed. According to future graduates, the company must "improve its impact on society" by taking greater responsibility for its "ecological footprint".

Values to be carefully considered

Finally, future graduates want companies to transform the way they deal with issues by taking a fresh look at the problems encountered (45%). The aim is to “Simplify decision-making in companies by flattening the hierarchy and encouraging people to consult with the most relevant levels of decision-makers, based on the issues being addressed.”

This study is an important tool for recruiters as it shows strong evidence that future graduates will choose their company first and foremost according to their values. That is their number one priority, more important even than salary or career management policies. In response to the question "how important would you consider each of these criteria in choosing your employer?”, NewGen’s most frequently replied with statements regarding employee diversity and a company’s approach to CSR.

As the PACTE law is being implemented and companies are developing their "raison d'être", this is valuable information to consider when planning your future recruitment.

Read the full study >

See Also

Women in Finance initiative: a quest towards an equal opportunity and inclusive growth
- 21-02-2020
According to McKinsey Global Institute study, The power of parity: how advancing women’...
EDHEC students got talent - Top local guide on Google maps
- 20-02-2020
“In one sentence, I am just a constantly-curious person. I have been...
EDHEC students got talent - Willing to be a drop in the ocean of music
- 19-02-2020
"Music is my favorite hobby. It has been so since my earliest childhood memories when I...
EDHEC students got talent-Trying to capture the silver lining
- 18-02-2020
“It all started with something as small as using my phone to capture memories, and...