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The Changing Job Market - Part II

Finding a job in large corporate environments isn’t what it used to be. Yp

And this isn’t saying large corporations can’t be a great place to work. Major companies provide jobs for a large number of people in the Des Moines area, just like in most other cities. What is changing is twofold: the desires and expectations once you are in a position.

Before we dive into the specifics of that, let’s also consider the other side. Generation Y. Yes, the YPs out in the work force today are definitely searching for a new path to success. Many of them have watched their parents work for the same company for 20 or more years. A larger percentage of those entering the workforce today are more eager to try new things, jump around and not commit to one opportunity.

I particularly like this post on "6 Ways the Recession Has Changed Hiring Practices."

Sure these “movements” or changes are generalizations and not hard set rules. There are still many young professionals working hard up the old corporate ladder. And it isn’t a bad time to be doing so. After all, the baby boomer generation continues to get closer and closer to retirement. Consider this piece of information shared by Ben Stone at the 140 Character Conference in Des Moines this week: By 2014, half of the workforce will be Generation Y.

Yet many young professionals are determined to find their own path. I’ve heard several hiring managers say how today’s workforce is more willing to turn down guaranteed, solid corporate salaries in order to go their own way.

However, maybe the lasting recession we are still fighting through has much to do with that. Some Generation Y workers have been forced to take a new outlook and have a jaded attitude towards corporate America after getting laid off so early in their career. One could argue that corporations have still yet to prove post recession that a job there is much more stable than beginning your own start up company.

Many of the retiring baby boomers may have built their career with just a few different endeavors and spent their last two decades with the same company. I don’t see that in store for today’s young professionals. Some corporations don’t give out incentives for employees to stay like they used to and Generation Y workers seem to always be looking for a change.

It isn’t a debate of a right or a wrong way, but more a sign that with time, things change. What I take out of this is “value”. How are companies going to show they still truly value each seat at the table? How are young professionals going to show they value their position and have the necessary dedication?

- Jason Wells

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Comments

Great post. Thanks for sharing.

Now is a good time for YPs to open a business or climb the corporate ladder as they build brands and solidify worldviews.

I agree that in light of the benefits such as pension accounts and employer-matched 401k contributions that many companies cut out all together as our economy suffered, it makes sense for corporations, as well as small business owners and other employers, to revisit what incentives they are willing to offer to attract and retain quality workers.

At the same time, young professionals must realize the benefits of working alongside mature men and women in all industries for an extended period of time.

You don't have to work at one place your entire life. But make sure you stay long enough to learn something and gain the respect of those decision makers in older generations that are ready and willing to impart their knowledge to you.

As Jason pointed out, the Baby Boomers won't be in the workforce forever. As a member of Generation X, I know those up-and-coming Ys and Zs will look and already are looking to people in our age group for answers.

Who are we looking to?

If half of the workforce by 2014 will be Generation Y, will there be a sense that Generation Xers such as myself will have to work harder to climb up the ladder or be forced to scramble to survive in the workplace?

I have no skills to start a business, and even if I do, how can I parlay my transferable work skills into something that is financially sustainable and something that consumers would love to have?

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