Family business is only fourth career option for college students

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Although it is the largest employer group in the country, Family business not top of Spanish university students’ job choicesAccording to a study conducted by the Chair of Family Business at the University of Valencia, supported by Edem business school, Ivefa and the Institute of Family Business (IEF) and presented today in Valencia. In particular, non-family businesses rank fourth behind cooperatives and startups. Behind them are public administrations, entrepreneurial companies and NGOs.

The document highlights stereotypes about family businesses and states: “The relationship with the limiting features of professional development is a major obstacleboth in terms of identifying job opportunities for students that allow them to thrive, and for companies in terms of the existence of factors that limit their ability to attract the talent they need to grow.”

Odds

“College students rank these companies fourth because they see greater opportunities for professional growth, along with promotion opportunities, in companies that are non-family, larger in size, and associated with less concentrated capital structures.” The appeal of cooperatives has to do with “the perception of an egalitarian and relatively democratic company”.. On the other hand, public administration has also weakened, so “the days when it was thought that all young people wanted to become civil servants seem to be over.”

In general terms, the study focuses on university students’ They prefer medium and large-sized organizations and high-intensity information (services) or technology (industry) related activities.

Regarding the analysis of perceived characteristics and working conditions in family businesses, the paper finds that: Family name “casts more shadow than light” and then suggests that “a good communication policy in staff recruitment and selection processes can help overcome many sometimes inaccurate perceptions of what the candidate can expect from the company.”

ethical management

However, the reality is that family businesses They also “perceive themselves as connected to their community.” and the closest district, socially responsible and ethical management” constitute “very relevant aspects, especially for Generation Z”, which are predominant in universities. Other values ​​are closeness, humane treatment and the promotion of compromise and a good working environment.

Therefore, the study concludes: “Companies that have the ability to combine these strengths with challenging and exciting projects (connection with technology and information) “With aligned policies and messaging around tuition, investment in training, competitive salaries, career plans and equal opportunities, they can position their organizations as ideal places to work.”

universities

Finally, in the report, university institutions “They should reflect on the effectiveness of the current structure of their work plans”, because “the high lack of knowledge shown about the reality of work indicates a significant disconnect with the future of work. Public administrations are encouraged to promote the professional development of young women”; among other reasons, the study itself concludes that the perception of many aspects of family work is more positive among women than among men.

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