New research shows jobseekers are more likely to play it safe in the wake of the global financial crisis.

The Australian survey across a variety of industries by recruiters Hays Insurance reveals 55% of Generation X respondents (born 1965-1981) are the most likely to consider their job moves far more carefully now. They are followed by 54% of Baby Boomers (1946-1964) and 48% of Generation Y (1982-2000).

Hays says a big change for Gen Y has been career progression overtaking salary as the most important consideration when looking for a job.

An employer’s potential stability is also a big issue, with 50% of Gen Y saying it is now far more important than before the crisis.

Hays Insurance Regional Director Jane McNeill says an average 73% of respondents across the generations agree they value open and honest communication from their employer much more now than before the economic turbulence hit.

“Some also feel that a company’s reputation and success in surviving the crisis is essential to their decision to work for them (34% of Generation Y, 30% of Generation X and 26% of Baby Boomers),” she says.

The survey findings also reflect a return of confidence to the candidate market, which Ms McNeill says corresponds with recent employment data showing vacancy activity is rising and the first signs of skills shortages are emerging.

The figures show 50% of Gen Y and around 60% of Gen X and Baby Boomers believe their skills are in as much demand now as they were pre-crisis.