Jobs Aren’t The Dream Anymore

Did you know that for the past 15 months there have been more job openings, than job seekers? According to The Bureau of Labor Statistics, as of May 2019, the number of U.S job openings are 7.3 million compared to seekers at 5.5 million. That is 1.8 million need of candidates in the U.S job market. Although it lacks details of the industries, it still can conclude to one thing. Candidates want more than what is currently offered by jobs.

Previous generations had a very different motivator when they entered the workforce. Generation X (the generation before millennials) have often explained family as their motivator. They want to give their loved ones what they lacked growing up. This motivator possibly allowed them to put up with more than they wanted to for the sake of keeping a decent paying job. Which is different from Generation Y (Millennials) who are purpose-driven and do not want to stay in a position that they feel lacks appreciation, development, or do not believe in. Understanding the needs of each generation is essential to a successful work environment and filling vacant positions. 

The Future of Work

Entrepreneur Staff states 41% of Generation Z plan to become entrepreneurs. That means traditional ways of entering into a career are becoming a thing of thing past. Gen Z’s are watching how millennials attended school and accumulated thousands in debt, only to not make enough money from an employer to make ends meet.The education system lacks personal development, and employers often have steep requirements when entering into the workforce. School does not teach young minds about life or how to get to know yourself and develop into a responsible adult. So, this new generation is taking life into their own hands and thinking about alternative paths for learning. Gen Z’s are living life for them and many have already started their own businesses or nontraditional ways to create income. If employers want to gain interests in this new generation, the way we currently view the workforce must change. 

What Can Be Better

Upcoming generations do not want to imitate going to a job you dread every day.  So if changing a career path, starting a dream business, hiring a career coach, or finding a new opportunity is what it takes to be fulfilled. It is a risk they are willing to take. The job application process and Corporate America can be very draining. Personally, I look forward to what the future of work looks like when the young professionals transition into the leaders of businesses and the community. Understanding the future generations is knowing that they see a flaw in the current system. With the vision, work ethic and support, Millennials and Generation Z are going to transform the work environment for the better.  


MILLENNIALS ARE THE GENERATION OF CHANGE - PART 1

In November 2018 Hasbro released a Monopoly game for millennials called “Monopoly for Millennials.” The title is cute until you get into the details of the game. It consists of a lot of puns towards millennials such as student loan debt, lack of homeownership, self-righteousness, living at home with their parents, etc. 

It is very known that ever since millennials have entered the workforce they have been the butt of the jokes; such as the ME Generation and wanting a handout. However, I disagree with all of these negative statements. It is often when someone or a situation becomes the butt of the joke, it follows a revolutionary change - and that is what Millennials are, the generation of change

Generation Y

The group Generation Y, also known as Millennials, were born between 1981-1996. If you think about what this generation grew up seeing and experiencing, you will realize the perspective of the generation. During 2007-2009 the US went through a great recession which included the loss of jobs and a difficult time to find employment. Millennials born in 1981-1987 were in their mid to early twenties during this time frame, yikes. Your twenties are probably the worst age to experience a recession. This is the entry-level job, getting to know yourself, and what you want period of life. 

Can you imagine graduating from college with the excitement of getting a job in your field only to be hit with a recession? Well, that is exactly what happened to the early generation of millennials, and the younger millennials grew up in their teens watching all of this happen. If you grew up watching one of your family members go through this situation you would grow up trying to find ways to avoid that from happening. Basically, it is not that Millennials are all about themselves, they are about the bigger picture. 

Millennials do not want to feel like they are depending solely on one source of income or build a life living paycheck to paycheck, because it is bound for sabotage at some point. Whether that is a layoff, another recession, life incident, or something else. If you are someone who often wonders why millennials are the way they are, then it's time to understand.

Job Hoppers:

If this isn’t evident, companies usually do not have loyalty to their employees. You could be let go at any time, and in some states without reason. It all comes down to what is the best business decision for the company. So, why can't employees have that same attitude? If we want career development, more pay, career advancement, etc. Why is it looked down upon to leave the company and move to a better-suited position or company? 

On average millennials will leave a job after two years. However, this can be due to the lack of one of the reasons listed previously. Generations before spent a lot of time in positions or careers they did not progress much in. What is the point in that? The company is benefiting and profiting tremendously from your work, so why wouldn’t you want to benefit and be financially stable as well? 

This concludes part one of the Monopoly for Millennials: The Generation of Change stay tuned to read more next week for part 2.