Asia Tomorrow

Millennials, the job market wants you

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For 20-something-year-olds, landing a well-paying job with just a few years' experience might seem daunting, but evidence suggests otherwise.

More recruiters increasingly believe that your twenties are the sweet spot for job hunting. In the finance sector for example, recruitment site eFinancialCareers reveals that candidates between the ages of 24 and 28 are in short supply.

"Globally, we have the fewest CVs per job for people with between three and seven years' experience. Assuming people begin their finance careers at age 21, this implies a comparative talent shortage for 24 to 28 year-olds," eFinancialCareers said in a recent report.

Advertised jobs requiring three to seven years' experience attract an average of 14 resumes, compared with the 300 CVs submitted for roles seeking 15 years' experience, the recruitment site said.

Demand for job candidates in their twenties is high across a across a range of industries, especially creative sectors like marketing and communications, noted Priya Bala, regional director of font, a recruitment agency covering Singapore, Malaysia, Hong Kong and New Zealand.

"Every industry needs savvy people born in the digital age. You can't rely on people getting older, you have to bring in new blood," she told CNBC.

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Millennials, also known as Generation Y or those born in the 1980s to the early 2000s, are in demand because employers can groom them for higher positions and they also come at a cheaper cost than older workers, added Sanjay Modi, Asia managing director of recruitment site

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The downside to Gen Y

However, there are significant challengers to hiring fresh entrants to the labor force.

"There is a huge skill mismatch between what the education industry imparts them with and the actual skills needed by employers, which results in employers spending a substantial amount of infrastructure on learning and development tools," Modi noted.

Moreover, younger workers tend to be more fearless and passion-oriented, so they aren't afraid to quit a position to pursue something new, explained font's Bala. "When our clients employ someone in their first or second job, they don't expect them to stay."

Rising entrepreneurial interests is also factor behind the quick turnover. Some 43 percent of the over 2,500 global entrepreneurs surveyed in BNP Paribas' 2015 Global Entrepreneurialism Report were under 39 years old.

"The older generation of successful entrepreneurs on average first started on this path when they were 39 years old. However, the average start date for all entrepreneurs is now under 32 years, with most typically launching their entrepreneurial career at the age of 29," the report said.