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What the young are really thinking of when it comes to career these days

What the young are really thinking of when it comes to career these days
Source: Finance and Toast

When it comes to career, there are a lot of considerations whether one will stay in a job for long or not. These days, it’s no longer the case where the young will stay in a job for 20 years, just like how their parents did. There are more choices out there, and young people are less likely to tolerate sucky workplace culture, awful colleagues, and bad bosses.

Research has shown that young millennials are on track to surpass four job changes by the time they hit 32 years old. Many change jobs frequently for reasons such as 1. getting higher salary, 2. getting the right corporate title, 3. pursuing work-life balance, 4. finding the right job fit etc and many more.

In fact, I am guilty of “job-hopping” or so to speak so as to pursue what I want in life and in my career.

These days with better education and affluence, we are no longer held captive by any one job. In fact, the young these days value things like career progression, fulfilment, and intellectual challenge in their jobs and you can’t blame them for wanting more in life.

Being a millennial myself and having spoken with a lot of my peers, this is what I’ve found out from them when it comes to choosing a career.

A. They want to work in a company with a good brand name

Forbes reported in 2017 that the 10 best companies millennials are most excited to work for are:

  1. Microsoft
  2. Walt Disney Company
  3. HP
  4. Google
  5. Apple
  6. Boeing
  7. Intel
  8. Caterpillar
  9. Amazon
  10. Lockheed Martin

What do all these companies have in common? They have a strong brand, fantastic working culture, and a collaborative environment where people challenge one another intellectually. Having a strong brand name and one which align their values with that of the millennials is important. This is to allow employers to attract more candidates while reducing turnover among the younger workers. Millennial employees who were proud to work for their company reported that they were nineteen times more likely to stay for the longer term as work keeps them engaged.

One of my former bosses ever told me to start my career in a company with a strong brand with lots of international opportunities. This is because I will learn how they run their business, adopt their best practices, and at the same time gain overseas exposure. All these will accumulate and help me in my career progression.

B. They want a job where they have a good boss

“A good boss is not easy to find, but if you do find one, do stay with him or her as long as you can.” – Former boss of mine

The young are extremely picky in who they work for and their direct supervisor / boss plays a crucial role here. Millennials want a boss they can rely on, trust, learn, and feel comfortable expressing their views. They no longer tolerate working for asshole bosses who only think of themselves and their own key performance indicators (KPIs). A research by Gallup shows that 70% of employee engagement are directly attributed to the quality of their bosses.

It is alarming to see that half of all employees in the United States have left their job at some point of their careers in order to leave a toxic boss. This meant lost productivity, the need to re-train new workers, and also dissatisfaction amongst staff.

The young want their bosses who are as invested and interested in their professional and personal development, and also to give them the opportunities to participate in real work. They want to feel like they can make a difference in the organization. Hence, it is important that bosses recognize this aspect of the young and to give them responsibilities which they can handle.

Source: Unsplash

C. They want a good team and colleagues

It is not enough if you are in a company with a good brand name and have a good boss. Your teammates and colleagues that you work with plays an important part as well. It is pointless if you are on the best terms with your boss, but cannot get along well with your teammates.

A good team also will spur you on and give you the motivation to do well in your job. In my current role, I am fortunate that most of my teammates are colleagues have the same vision and goals as me. We are able to discuss topics like current affairs, global markets, and even politics – all these are very helpful in keeping me engaged at work while I learn from their perspectives.

A positive work environment with supportive colleagues can help to foster a sense of belonging, create transparency, and encourage collaboration amongst people. I am fortunate that in my workplace, I can often ask colleagues from different teams out for coffee and get to know more about what they do. In fact, we do enjoy going for a couple of drinks on a Friday night just to discuss work and personal matters.

Source: Unsplash

D. They want a good role and pay

Lastly, the role that the millennials are in and also the salary that they are getting is also a differentiating factor when it comes to staying in a job for long.

What’s the use of having all the benefits and perks when the firm is unable to compensate you fairly? There must be some form of monetary reward for your efforts and hard work put in.

Also, millennials are more ambitious and want to move up the ranks quickly. They are more impatient to wait for a few years to get promoted and thinks that results outweigh tenure. I have seen friends / colleagues who left jobs before the firm was unable to pay them what they desire, nor gave them a promotion that they deserve. A lot of them would rather change jobs in order to get a 10-20% pay increment.

This is also further backed a survey which says that 87% of millennials value higher pay in their jobs. This is largely due to rising housing prices, standard of living, and ballooning student debt.

 

Finally, before you want to ask for all of the above, it is important to improve your skills so as to increase your attractiveness when it comes to looking for a job which encompasses are your needs. This is why I took a real estate course during after working hours and also spend lots of time trying to hone my public speaking skills

What are some of the things that you look out for in a career as a millennial? Share with us in the comment box below.

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Cheers,

Finance and Toast



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