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Mind the Gap – The Generation Gap in the Labour Market as an Obstacle to the Development of the Russian Economy
13 February 2019
The values of Generation Y and their impressions of the labour market and of their place within it today could become one of the key factors hindering the development of the Russian economy. The differences between this generation and the preceding one are quite clear — particularly with respect to their attitudes to work and career strategies. Research indicates that young people are not prepared to take risks and do not consider private entrepreneurship to be a possible direction for them, and this could potentially lead to a reduction in the share of private entrepreneurship within the Russian economy. Neither do young people demonstrate a desire to work as employees, however. This is to a large extent connected with the characteristic traits of this generation, which include a desire to occupy executive positions without possessing the corresponding skills, an overinflated assessment of their own abilities, unrealistic expectations, and an inability to concentrate on the same project or task for a long period of time. At the same time, the unwillingness of current employers to take these generational features into account is also a problem. Moreover, as businesses develop and grow, their requirements diversify and expand, and it becomes increasingly difficult for them to employ members of Generation Y. As such, the demands and expectations of candidates and employers with respect to each other are only growing. How can this problem be solved? How can the gap between candidates and employers be reduced and common ground identified?
Key issues:
• Problems with young people’s adaptation to the labour market
• The specifics of Generation Y’s approach to career motivation and selecting a career development path
• Employers’ expectations and impressions of Generation Y
• Successful practices for collaboration between employers and Generation Y
• Corporate training opportunities
Russian Investment Forum
Started at
Conference hall
Conference hall 3
Analytics on the topic