Abstract

The purpose of this study is to identify the factors that significantly affect youth's employment preference and to discover representative characteristic factors for each type of business. To this end, the data of 8,169 participants in the 4th year supplementary survey of the Korea Education and Employment Panel Survey (KEEP2) were analyzed using the random forest method. The main research results are as follows. First, factors in the psychological/environmental category had less influence than factors in the categories of economic burden, important factors in employment, and job conditions. Second, wage/remuneration, working environment, aptitude, knowledge/skill acquisition, growth potential, social image, welfare benefits, employment stability, social value/contribution, and work-life balance had a high proportion of influence on the employment preference of young people. Third, as a result of examining the characteristic factors by company type, the preference for employment at large companies differed in wages/ remuneration, working conditions, working environment, and academic background. The preference for SMEs was characterized by social value/contribution and cultural leisure- related working condit ions. On the other hands, the preference for public institutions and government-related jobs was found to be employment stability and job conditions. In financial institutions and startups, cultural leisure and the working environment had a great influence on the difference in preference. Based on the above research results, the factors influencing the employment preference of young people were summarized and suggestions for follow-up studies were presented.

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