9/13/2013 1:28 PM ET|
Young folks actually take parents to job interviews
They even ask Mom and Dad to sit in on tryouts, and some companies think it's a good idea.
Roughly 80% plan on ditching their current jobs once a better one comes along. Many unrealistically expect their baby boomer bosses to be cool with their visible tattoos. Many will successfully put off adulthood until their early 30s.
There are socioeconomic explanations for all of the above, but millennials aren't exactly shaking their stereotypical identity as entitled, bubble-born bed-wetters being helicoptered by their parents from one station in life to the next. Especially when 8% of them are bringing said parents on job interviews.
According to The Wall Street Journal, a survey by Adecco says that not only did parents sit in on interviews, but 3% of young job seekers kept them around during job tryouts. For a generation whose parents took them to work and have since returned the favor with "Take Your Parents To Work" days, it's only fortifying their reputation as a coddled collective.
Though economic reality suggests that reputation is more than a bit undeserved. More than 26% of millennials are unemployed, thanks to the last recession. They're more than willing to work, which is why more than 284,000 college grads are earning minimum wage. Many others are making less money or doing time at Starbucks (SBUX) or Wal-Mart (WMT) in exchange for college credits.
Millennials are generally defined as those born between the early 1980s and 2000, though experts differ on the exact time frame.
The Center For College Affordability and Productivity reported that nearly half of the college graduates from the class of 2010 are working in jobs that don't require a bachelor's degree. A full 38% have taken gigs that don't even require a high school education. According to The Associated Press, that has dropped the median wage for college graduates significantly since 2000 -- just as those same graduates are getting crushed by record-high tuition and debt.
Who wouldn't need a hug from mom and dad after that? Besides, millennials shouldn't bear all the blame for this recent, overprotective development. The Journal found that some Northwestern Mutual managers call or send notes to parents when interns achieve their sales goals and let parents come along to interviews and hear details of job offers. Those same managers say it makes parents more supportive of their child's career choice and has boosted the company's sales benchmark 40% since 2007.
If companies were overwhelmingly concerned about parental influence, perhaps 13% of them wouldn't hire employees based on parental connections, as was the case in the Adecco survey.
Copyright © 2013 Microsoft. All rights reserved.
Reports say the generous benefactor behind the huge gratuities is a former PayPal executive.
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Today's most notable headline came out Washington where negotiators have secured a two-year budget agreement that aims to reduce sequester cuts by $63 billion and lower the deficit by roughly $20 billion. The deal has yet to receive full Congressional approval.
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