5 career challenges for millennials
1. The world – and the future – is scary. Brexit, US elections, recessions, global terrorism, political uncertainty…we live in a more unstable world that we have done for arguably 70 years and it must be unsettling to start a career against that backdrop.
2. Millennials have eye-watering levels of debt, the likes of which haven’t been seen before. If they have a degree, they are entering the workforce owing a crazy amount of money – around £44,000 at the last estimate. And they’ll be in their 50s before it’s paid off. That’s a ridiculous amount of pressure to be under from day one in your career.
3. They are earning less than the generation before them. The last ten years, and the great economic uncertainty that came with it, mean that they are the first generation since the Great Depression to earn less than their parents.
4. We are always on. Remember before the proliferation of broadband, laptops and smartphones? You left work on a Friday night and, unless you got a phonecall over the weekend, you didn’t do any work again until Monday morning. Now we’re always on and by extension that means the window of time to switch off is getting narrower and narrower.
5. Millennials have different skills to their managers. In an ever-changing and digital world, millennials often know more about certain things than their bosses do. Particularly in the creative and digital industries, you can have the situation where managers and clients need to be taught a technique or a skill by the team junior. How confusing and awkward (and frustrating) must that be?