Finding a job as a millennial can be very challenging, especially as a recent college graduate. Today, completing school is only half the battle. Finding the correct career path is the other half. Here are a few things to consider as you begin your job search.
The age range varies depending on who you ask, but according to the Pew Research Center, a Millennial is defined as someone who was born between the years 1981 and 1996. The population of the United States is roughly 330M people, and there are currently around 76 million Millennials in the United States (Gallup, Inc).
Millennials are living in a pivotal time, and are presented with a very unique predicament. Statistically, Millennials are now the majority of the workforce, and will play an integral role in the job market for the next decade. By the year 2030, Millennials are projected to be 75% of the workforce (U.S. Bureau of Labor Statistics).
Businesses are now opening their eyes to understand how big of a transition this is. Senior management are trying to get ready to retire, and they recognize that Millennials know there are career opportunities left and right, and they will move on just as quick as they started. In fact, if you look at the numbers, millennial turnover costs the U.S. economy an estimated $30.5 billion annually (Gallup, Inc). Right now, the best thing a business can do is hire and retain the right people.
Millennial Key Statistics:
- 48% of Millennials said they will look for a new job in the next three months, and 56% begin their search in the next year (Spherion).
- 25% of Millennials believe that staying at a job for seven months indicates they’re loyal; Boomers believe that number is five years (Ultimate Software).
- When asked what the “right” amount of time is to stay in a single role before being promoted or moving companies to another promotion opportunity, about 66% said less than two years and 25% said less than 12 months (Deloitte).
- 32% of workers ages 18-35 say they can see themselves leaving their job within a year (Comparably).
The top priorities for Millennials when looking for a job are money (92 percent), job security (87 percent), holidays/time off (86 percent), great people (80 percent), and a flexible working environment. (79 percent).
Because job changes are frequent, it’s now more important than ever before that Millennials be experts at job searching and networking. Upgrading your employment status has become an ongoing process, rather than something you do once or twice during your career.
Hiring Managers Search For 3 Traits In Young Hires:
- Passion– they want to know that you believe in the industry and can stand behind their mission statement.
- Drive– they want candidates who are visionaries. Someone who believes that if they work hard, they can continue to grow with the company, and accept new responsibilities and lead others one day.
- Coachability– Most important. There are stigmas that our generation is self centered believe we know everything. Show them that although you are resourceful, you always seek personal and professional growth. Not only do you remain open to constructive feedback and criticism, you encourage it. If you can successfully demonstrate these three qualities through the hiring process, you will have serious leverage as a candidate.
There Are Challenges To Navigate:
Dig Deep For “Why”
Quite frankly, our talent acquisition system is broken, and hiring managers don’t dig deep enough into the big “why” for candidates. There are so many resumes stacked on their desk and they don’t have the time to properly vet the entire candidate pool. As a byproduct, hiring managers are laser focused on perfectly perceived candidates with well-matched resumes, crafted speaking abilities, and skilled interview finesse.
Because of this, they miss out on other individuals who may not be the best interviewers, or those who lack the experience to articulate themselves properly. Some of these people really were the star candidate all along, but were simply viewed as unqualified.
School Is Only Half The Puzzle
All of the time, I hear about recent college graduates who are frustrated because they can’t seem to find a job. They either can’t get an interview or they never land the job offer. A recent study concluded that over half of recent grads feel they are underemployed. The sad part is that there probably is a large majority that actually is! This makes college sound like
more of a gamble than an investment. Today, school is only half the battle, finding the right career path is the other half of the puzzle.
On the bright side, there are major upsides to Millennials in the workplace. We offer new ideas and innovation in quantities never experienced before. Although Hiring Managers are flexible when arriving at a compromise in certain areas, there are simply certain areas that you must demonstrate excellence in as a young person, otherwise you will never land the job offer. And this is why I love Career Coaching. The tips and tricks needed to succeed can be taught! Career coaching is now more important than ever for Millennials to ensure they have a successful transition into their career.
Roughly 25% of my clients are paid for by others, most often parents or caring friends – Ask them for a graduation or birthday present that will be an investment in your future!