Why 80% of millennials will change jobs
Today's 20-somethings see their current gig as less of a career choice and more of a waiting room for their dream job.
A Harris survey for the University of Phoenix found that 80% of workers in their 20s say they want to change careers, compared to 64% of 30-somethings and 54% in their 40s. Granted, it's a lot easier to say something like that with no family or mortgage tying you down, but it's just realistic when you view your 20s as a trial period and not "adulthood."
Right now, those "emerging adults" in their 20s have really high expectations of both life and their jobs, and they're willing to do what it takes to get to those fulfilling gigs later. If that means working for minimum wage, as 284,000 college grads are doing, or making less money doing time at Starbucks (SBUX) or Wal-Mart (WMT) in exchange for college credits, they're in.
In short, what they're doing now generally bears little to no resemblance to the careers and lives they're aspiring to. The Harris survey suggests that millennials would much rather be working in the arts and sciences, business management, technology and health care. A survey of Harvard students found that this year's graduates are shunning Wall Street and gunning for ideal jobs at St. Jude's Children's Hospital or Google (GOOG).
They told researchers that they agree with the statement: "I am confident that I will eventually get what I want out of life," and they seem determined not to have their dreams ground into the earth by their current means-to-an-end employment.
In the meantime, however, it's a tough slog. A Gallup survey suggested that 53% of millennials aren't engaged in their jobs at all and approach their work with the kind of detachment one would expect at a temporary position. That's slightly higher than the 52% of all Americans who feel the same way about their jobs, but the 14% of millennials actively disengaged from their jobs is still minute compared to the 19% of Generation X and 23% of baby boomers who are similarly disgruntled.
If 20-somethings are worried about one day becoming that jaded, their fears are well founded. The Harris poll found that although the majority of older workers said they had career plans when they were younger, 73% of them had not landed in the job they had expected.
Get out while you can, young'ns.
Welcome to the real world. "Life is hard and then you die." Life is not about waiting for the dream job to fall in your lap, but to make the most of want you have and to build from there. Hopefully, you do not
wait too long and wish away your life.
Companies have brought this on themselves. First, they are not at all faithful to their employees. Second, employees are often rewarded for moving around getting bigger raises and promotions than those that remain and stay faithful. That combined with a higher tolerance of risk makes it work. That said, I changed careers a little less than a year ago. I know a lot more today than I did in 1999 when I graduated high school. I still like computers and engineering but I can’t stand sitting at a computer for 40 hours/week. If I could do anything, I think I would go back to college to get a degree in Construction Management. I love negotiating contracts, I love construction. I truly think it would be perfect. I’m not interested in going back to college though so I did the next best thing and went from an engineer in aerospace to supplier contracts in aerospace. Don’t regret it at all other than a pay cut that wasn’t overly fun.
All you jackasses hating on the millenials need to look in the mirror and realize it was your shitty-**** leadership that helped to deteriorate the infrastructure of our great country. Now, the baby boom generation just sits around and judges my generation; all the while, they are riding around in their gas guzzling RV's and collecting obscene retirement and medical benefits that no generation on Earth has ever received!
It was my grandfather's generation, the World War II guys and gals, that paid the price for prosperity in this country; the baby boomers just pissed it away. Even further, they continued to raise the barriers of entry into various fields of industry for the following generations, mostly just to save their own asses.
So yeah, go ahead and run your mouths about the Millenials; we are the ones paying for your retirement.
I'm on the borderline between Gen X and Gen Y (Millennial). I have a master's degree and work in a professional job that relates to that master's degree. I know quite a few other people my age who are educated and work to support themselves. Nevertheless, we all seem to get painted as slackers, freeloaders, entitled, etc. by bigots among us---and that's precisely what it is, too. It's bigotry. It's no different than making nasty, generalized statements about blacks, gays, women, men or any other group.
You can make derogatory generalizations about almost any generation, and they're only as true as you want them to be. I could claim that Baby Boomers squandered their youth walking around naked at Woodstock and rioting in the streets to protest the government's foreign policy of the time. That would be true for some of the Boomers, but it wouldn't be true for all or even most of them.
Considering that thousands are retiring every day the idea seems to be more realistic than once thought. I think it is good to shoot for the stars just if don't get there don't be bitter and cynical like older generations have become. The system is now set up for disloyalty in the workforce they took away pensions, wages are stagnate, and vacation and insurance have become dirty words I can see why people are shooting for the stars. I would like to remind all who are complaining that the kids of today have no skills and are good at nothing that you are the ones that raised us, shaped our minds, and now are fighting tooth and nail not to hire us, so we can gain the skills necessary for us to work in said jobs.
who's idea of a career is fast food or retail? holding out for something better doesn't mean they aren't at least doing something in the mean time until the job market improves. personally I should have coped out and joined the military then land a good govt. job.
I'm twenty seven years old. I'm an American. Your age doesn't matter to me. I will gladly work with anyone that is capable.
I don't see what good it does this country, for different age groups to yell at each other. People of all ages are skilled in different ways. Why not embrace a diverse work environment, and create great things?
I would rather work with my neighbors to make our community and nation better. What if there was a generation where people of all ages worked together to accomplish great new things? Sounds pretty great to me.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
More Market News
The idea of US crude being a shelter from turmoil abroad may not be as far fetched as it seems.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'