Gone are the days when all people have to do to secure their future is to study hard and get good grades. Whoever tells you that the key to success is getting into graduate school and staying steady must be living in a world that doesnt exist anymore. Here, we are talking about GenYers the generation we so often pity for having less and less to rely on. With the current employment mess we are into now, Resume Prime recommends the following to be the Generation Ys credo:
1. Specialization is no more
Job security is dead. Most Gen-Yers are taught by the Gen-X to specialize because the more narrow your field is, the higher paid and the more indispensable youll get. But lo and behold, people in graduate studies seldom find a job that fits them, and if theyre lucky to have one, only a few have kept it for long because of the fast-changing technology and industrial trends. In this age where everybody gets a specialization, its safe to say that employers are now demanding more of people who can work with flexibility. Heed this advice: most companies will hire you because you can handle multiple types of tasks, not because you can do great in a single not-so-worth-the-payroll task.
2. Dont Expect the Pension
Heres reality to Gen-Yers: your retirement is in big trouble. So dont bother expecting your social security to come back to you. Its just the most sensible thing to happen, as the previous generations are retiring later than the rest, which means that well be paying for their pensions. So most of the twenty-somethings will expect more of their 401(k) in the future, which is troublesome by the way, because jobs are wobbling and you cant make an effective investment without a steady paycheck. The idea is to never let your months vacant without at least a freelance job or a side gig. Then dont chicken out and play safe with your 401(K) learn of better investing strategies as early as possible.
3. The Rise of Startups
During the previous decades, A-students go to Fortune 1000 Companies. Now, A-students are creating their own companies. Some take advantage of it – seeing the rise of startups as an employment opportunity. However, beware that only a very few of those small mushrooms will be there for the next five years. So our advice: if youre working for a startup, better assume as default that the job wont be forever. Resume Prime advises to take advantage of them by getting as much knowledge and experience you can get- smaller organizations means wider range of hands-on activities. Being part of a startup is really a great experience, but keep your eyes wide open for better and more stable opportunities.