You are here

New Survey Finds Majority of Young People Rather Work for a Startup

New Survey Finds Majority of Young People Rather Work for a Startup
Share:

While most believe that people prefer working for established companies or multi-nationals due to the factor of job security, it seems like recent times and recent successes have changed the way people think.

Recently, a global study was conducted by media company 9gag and market research company GfK Global, of 95,000 people aged 35 and under. It showed that 70% of those surveyed would rather commit to a start-up for many years than a secure 9-5 job for three years.

The key results from this survey showed that people from Mexico were the most likely to choose the start-up job, with Finnish citizens most likely to take traditional opportunities like working with established firms and MNCs. Another interesting finding: 47% of survey takers said they would rather take an easy job working for someone else than working for themselves.

“People think the definition of success doesn’t really come from working hard,” 9gag CEO Lilian Leong said.

Another similar survey was conducted by The China Youth Daily, who surveyed 12,119 respondents, with 63.3% born in the 1990s and 31.7 born in the 1980s. A whopping 72.5% of the respondents were willing to work in startup companies. The top three reasons for joining startups were more experience, a better working atmosphere, and quicker promotions, followed by stock rights (sweat-equity) and a potentially higher income, which is a common in startups.

About 92.5% of the respondents agreed with statement that innovative businesses had changed their lives, and 66.8% believed that starting an enterprise was important toward achieving their life goals. Over 50% of respondents said that China provided a better atmosphere for business startups, and about 60.7% people said they would like to try to start up a business.

With some startups, such as Uber, Airbnb, Medium, Pandora, PayPal, SpaceX, Tesla, and many more garnering massive success, youths have started working with these companies from ground zero. Beyond this, a major reason for this mindset shift is the free, relaxed, and competitive work environment that startups offer.


Share:
Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!

Similar Articles

Additional Resources to Download

Top