And so far, the vast majority of past and present awardees who responded to the recent ones Automotive news the survey found that they had a clear career path and were progressing in their careers, a smaller majority said they had unlimited opportunities for advancement – with some reporting that they had already reached the highest levels of management in their stores and were unclear where to go they can go next.
Dealership executives honored since the 40 for 40 program began in 2012 say they value the mentorship and professional development opportunities and generally believe their employers support their career growth. Respondents indicated that the main factors influencing their job satisfaction were pay, work-life balance, promotion opportunities, attentive management, and challenges.
The survey of 132 respondents, conducted June 24 through July 5, offers dealers insight into what young professionals in their stores are looking for in their careers — and from their employers.
“I want to do more and I don’t have a set path forward, but I’m also not sure what that will look like,” wrote one 40 Under 40 recipient in response to a survey question.
Another said: “We could do more training for managers and for service. I think these areas need more attention. Managers are often overlooked when it comes to professional training.”
The vast majority of respondents said that diversity, equality and inclusion are top priorities for both themselves and senior management in their organizations.
And while many respondents say their employers are investing time and resources in hiring diverse teams and that there are equal opportunities for people from different backgrounds to advance in the industry, others say more work needs to be done.
“You have to be intentional here,” one respondent wrote. “It’s not unfair to any employee, but you have to take an honest look at your team(s) and be tough on yourself to make sure you’re creating a safe, comfortable work environment that a diverse group of employees want to work in.”
Additional survey results will be published on July 11. Automotive news The 2022 Class of 40 Under 40 Honorees will also be announced that day.