It is estimated that millennials will comprise as much as 75% of the workforce by 2025. However, according to a recent Gallup survey, only 29% of millennials in traditional corporate settings are engaged at work and 60% are currently exploring new opportunities. So what is changing in our generation and how does this affect the overall employee landscape?
Change In Perspective
We know that the classic work trope of staying at the same job for 5, 10, or 20 years and receiving a pension is not coming back. In a way, this is freeing. We know we cannot rely on the same company, but we are also not stuck with a company whose corporate culture changes or whose values do not align with our own. So we are selective and focused in our approach to jobs.
Personal values are a leading factor for the majority of millennials switching jobs. According to Deloitte’s Global Annual Survey, 56% of us will eliminate a potential employer from our list based on how that company’s leadership conducts themselves. Perhaps in part because our work lives are so transparently displayed on LinkedIn and other social media, we strive to make sure that the companies we associate ourselves with reflect well on our professional reputation.
Environment Changes Us
Millennials had access to some pretty startling data about environmental change during a formative time in our lives. Instead of turning to despair, we now actively seek out jobs at companies that prioritize corporate social responsibility and sustainability.
If we cannot find a corporate entity that suits our needs, we are the most likely generation to start our own business. In this way, we have contributed to the sharp rise of cleantech, green, and sustainable startups. Or, we join the gig economy and knit together a patchwork of freelance projects to support ourselves.
The recent rise in shared coworking spaces across the country helps us save money on office space and provides a sense of community that can be lacking in a large corporation.
Commitment To Volunteering
A lot of the job candidates we work with show their interest in corporate social responsibility by dedicating time to volunteer work. When you commit to helping a cause you are passionate about, you tend to meet other people who feel the same way.
When we form close personal relationships with a strong foundation, it creates a supportive network of people who can sometimes help people professionally. Volunteering can also be a good common ground in an interview, because the mutual interest takes the edge off of an otherwise tense, competitive time.
Opportunities In Silicon Beach And Other Rising Tech Hubs
The recent Snap, Inc. IPO shines a spotlight on the rapidly growing Los Angeles tech hub called Silicon Beach. However, as local residents and recruiting firm owners, we have seen a significant increase in tech and sustainable startups for the past several years.
Many of the rapidly growing companies that we advise did not exist a few years ago. According to this Huffington Post article, similar potential in large cities with lots of opportunity for networking and upward career mobility, like Austin, San Diego, Seattle, Atlanta, Boston, and Charlotte, NC. Each of these cities has a vibrant population of startups, coworking spaces, and networking events like meetups that let people with shared interests collaborate with each other.
Marissa Peretz is a founder of Silicon Beach Talent, a Los Angeles headhunting firm specializing in socially responsible companies in the rapidly growing tech hub 'Silicon Beach'. Marissa graduated from the University of Arizona and holds an MBA from The University of California, Irvine. She is passionate about cleantech, mindfulness, and sustainable transportation.