If you’re a young adult just getting out of school, you’re probably wondering where and how you’ll find a job. And you may be wondering whether you’ll have any kind of job security there and what you’ll do if you’re fired. You’ve grown up in a world with little stability or certainty, as you’ve watched even real estate, supposedly the most stable investment asset of them all, blow up, crash, rise, and falter again.
It’s no surprise, then, that you may be a bit worried about your future. Fortunately, though, the world is changing, and so is the way we think about work and what it means to make a living. Whether you’re a millennial entering the workforce, or you’ve been working for a while and you’re worried about what will happen to your job in the next few months or years, you’ll be interested to know that major changes are coming to the future of work.
FLEXIBILITY MATTERS MORE THAN PAY
According to one recent study, millennial workers are more likely to be loyal to a company that’s flexible than one that pays more. Why might that be? Essentially, no one wants to spend their life trapped in a cubicle, no matter how much money they’re making. With a more flexible company, you’ll have more opportunities to work from home, create a schedule that works for you, and give yourself the freedom to do more with your time. Flexibility, in this case, is almost synonymous with opportunity.
SEEKING OUT JOBS WHERE THEY CAN MAKE A DIFFERENCE
Seventy-two percent of students today rank having a job where they can make an impact as a high priority. A lot of 9:00-to-5:00 office jobs simply don’t provide the satisfaction of making a difference in people’s lives. However, working in the shared economy, launching a small business, and working for yourself can leave you feeling more fulfilled at the end of the day.
MILLENNIALS ARE ACCUSTOMED TO UNCERTAINTY
From massive student loans looming over their heads to shaky job markets, millennials understand that nothing is forever and that uncertainty is a part of everyday life. Thus, unlike their parents and older generations, they don’t immediately seek a job that they can stick with for years to get a regular paycheck.
They understand that even the most promising job can disappear in a day, and they’re okay with that. In fact, of millennials who do go into the 9:00-to-5:00 working world, most change jobs every three to four years on average, and that number is on the rise.
HESITATING TO PUT THEIR CAREER EGGS IN A SINGLE BASKET
Because of all that uncertainty, a lot of millennials and other workers today are hesitant to trust a single job for all of their earnings or career opportunities. Essentially, they’re spreading their work across different clients, different shared economy platforms, and different jobs, giving themselves more freedom and more security. If one opportunity folds, they’ll still have others that they can fall back on.
Millennials have grown up knowing that they have to find their own security, and through the rise of the sharing economy, they’ve found out that they can work more flexible hours and diversify their earnings, much like diversifying an investment portfolio. So, while some worry that millennials will never have the same job experience that their parents had, this isn’t necessarily a bad thing. Millennials and others are changing the future of work through diversification and the sharing economy. Many of them won’t ever step foot into a 9:00-to-5:00 job, and that’s just fine!