Transcript

Job Jumps and Career Changes

JOB JUMPS & CAREER CHANGES SPONSORED BY NOTRE DAME COLLEGE ONLINE PROGRAMS Millions of millennials leave their college nests behind and venture into the workforce each year, but they aren't sticking to their jobs the way previous generations did. In fact, 91% of millennials expect to stay in a job for less than 3 years. Millennials will make up 50% of the American workforce by 2020 and 75% of the global workforce by 2030, meaning employers must understand what this new generation values in a company and strive to meet those expectations. Likewise, employees must also consider what careers will be most fulfilling and how to best position themselves to get those jobs. BUSINESS SLIDETRON 9000 MILLENIAL MINDSET One of the most significant driving forces of millennial job-hopping is the fact that they see themselves as a valuable commodity. According to MTV's 2012 No Collar Workers study, more than 90% believe a company is lucky to have them as an employee, and roughly 80% think they deserve to be recognized more for their work. One-third of millennials can find a job in less than a month; that number is higher than in any other generation. Half of all working millennials believe that switching jobs helps them climb the corporate ladder faster. There are specific skills that millennials are more likely to list on a résumé than their older competition. <3 BLOGGING Social Media Optimization 2.5x more likely Tableau Software Press Releases Blogging 2.7x more likely 2.7x more likely 2.5x more likely While millennials may see themselves as a commodity, they're still on the lower end of the income scale. <$20k $20-35k $35-60k Millennials $60-75k Born between early 1980s and early 2000s. $75-100k Gen Xers $100-150k Born between late 1960s and late 1970s. Late Baby Boomers $150-200k Born between late 1950s and early 1960s. >$200k Early Baby Boomers Born between late 1940s and early 1950s. 0% 5% 10% 15% 20% 25% 30% Percentage of Generation Millennials are the most dissatisfied with their current jobs; 24% claim to be unhappy. Meanwhile, only 14% of Gen Xers and 18% of boomers find their working situations unfavorable. GENERATIONAL JOB HUNTING @ The average employee spends 5 to 20 hours every week looking for a new job. Take a look at what percentage of each generation spends the typical amount of time doing so. Job boards are the top resources for all generations, though they aren't as popular with the youngest members of the workforce. Check out what percentage of each generation utilizes job boards as one of their main job-seeking tools. Millenials 60% Generation X 54% Millenials 77% Baby Boomers 52% 0% 20% 40% 60% 80% 100% Generation X 82% Baby Boomers 87% CAN'T WE ALL GET ALONG? 0% 20% 40% 60% 80% 100% Once they find jobs, however, all generations don't necessarily warm up to each other, according to Net Impact's 2012 What Workers Want study. MILLENNIALS ARE MOST DISPLEASED BY: BOOMERS DONT LIKE: ● GEN XERS ARE MOST DISSATISFIED WITH: How their companies value their input. Their company culture. The way their companies prioritize social or environmental responsibility. NO NO NO NO NO NO A NEW JOB IS AN EXCITING CHANGE, MAKING THE BUT IT'S IMPORTANT CHANGE TO MAKE THE RIGHT CHOICE FOR YOU. No matter your generation, keep the following things in mind when job-hunting: Top 5 things employees want: Work/Life Balance Positive Culture Have realistic expectations. There are going to be obstacles along the way, so try to forsee what they might be and how you can overcome them. Continue to network. Build relationships with employer, industry experts, recruiters, and others who could help make changing jobs easier. Good Interesting Work Compensation Be financially ready. Ask yourself if you can afford to be without a job for a certain amount of time or if you can afford to get the education needed to make a major career change. Job Security FORBES.COM •NETIMPACT.ORG•VIACOM.COM• SOURCES: NOTRE DAME PAYSCALE.COM• FINANCIALFINESSE.COM•MILLENNIALBRANDING.COM Average Annual Income

Job Jumps and Career Changes

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Millions of millennials leave their college nests behind and venture into the workforce each year, but they aren’t sticking to their jobs the way previous generations did. Due to contrasting values ...

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