As a Millennial, you probably see your career trajectory and retirement differently than your parents saw theirs. You want to pursue your ambitions now, whether that means going for your dream job right out of college, starting your own project, working for someone else’s project or creating a location-independent business. You want a job that allows you a great work-life balance while you’re young, so you don’t have to wait to travel, start your own non-profit or pursue your favorite hobbies. You may even be planning not to retire at all because you love what you do.
With a career that doesn’t fit the old pattern comes the need for a new long-term financial plan. It’s natural to be more concerned about an immediate issue versus something that’s well down the road. It’s simple: the better the economy, the more opportunity, the more people changing out their old jobs for better ones. The worse the economy, the less opportunity out there, and so people stay at their jobs longer.
These three tips below to keeping your job rather than job-hopping but with an open mind for change to advance as a millennial.
Three tips to keeping your job rather than job-hopping but with an open mind for change to advance as a Millennial:
- Your resume will propose a stronger work ethic and dependability as a future employee. Giving a job to someone is investing in another person. If a person shows that they can’t stay put in one place for a while, why would an employer want to make an investment in them? Why not focus on one job instead of getting distracted by another, Millennials often hurt themselves in the long run by not committing.
- Better pay over time with seniority through the company. Depending on your upbringing some have been raised with parents who have had the same job their whole life, which might make me more prone to wanting to grow within a firm than chase the next opportunity every six months. Although, I think it degrades company culture to a degree, I understand the appeal of job-hopping given how hard it is to actually move up and be compensated accordingly. But, we shouldn’t expect to be paid the same as a veteran in the beginning when we are just getting started. Employers should place more effort on creating an environment that give their young employees opportunities that they can’t get anywhere else. Otherwise, moving onto a bigger name with a bigger check will obviously be more appealing. For example, offer experiences as a reward for hard work such as a gift card.
- Stay open to better opportunities and don’t be afraid of change. I have been looking for a career “home” in the past. It’s okay to have a solid job, while working freelance on the side, or volunteer opportunities, which are offered everywhere. Everything you do in your life doesn’t have to be a paid event. If it’s not working out where you are currently, before you make the jump, feel comfortable to build a foundation with the company you are with. By building your resume there, before you leave for another opportunity.
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