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How Has the Recession Shaped Career Attitudes of Millennials?

April 19th, 2011 Comments off

Meet the Post-Recession MillennialIt’s dangerous — and often inaccurate — to generalize generations’ workplace preferences and behaviors. Many hiring managers, however, are still clinging onto generational stereotypes, particularly of the oft much-hyped Millennial generation (those workers born between 1980 – 1995) — stereotypes that Millennials themselves have moved well beyond since first entering the workplace in the last several years.

In How the Recession Shaped Millenial and Hiring Manager Attitudes about Millenials’ Future Careers, Alexandra Levit and I examine various research initiatives to determine how the attitudes of Millennials toward their career paths have changed as a result of the economic downturn, how these attitudes compare to the way hiring managers view Millennials’ career paths, and what hiring managers can do to better understand this generation of workers. Many of our report conclusions have been drawn from The Future of Millennial Careers research study, which was commissioned by the Career Advisory Board, presented by DeVry University, and conducted by Harris Interactive among 500 Millennials age 21-31 either employed or planning to seek employment, and 523 hiring managers age 18+ who interact with Millennials at work.

While Millennials and hiring managers can generally both agree that Millennials tend to have certain commonalities, like digital comfort and impatience with certain established processes, there is also much disparity between how Millennials view themselves and how they are viewed by their bosses. This can result in a frustrating situation for both parties — but by learning to truly understand Millennials, hiring managers can create a smoother workplace environment for the multiple generations currently working within it, as well as improve one-on-one relationships with their valuable Millennial workers.

Pre-recession to the present

The oldest Millennials blazed into the workplace in the early 2000s, many of them unabashedly demanding flexibility, seamless communication and desirable assignments right away — and from this, many employers formed their opinions on Millennials right then and haven’t since wavered. However, the recession appears to have caused a shift in Millennials’ attitudes toward achieving immediate career success, as watching hiring freezes and mass layoffs occur, or being affected by them themselves, caused many Millennials to recognize that having a good job was not just a given, but instead something that must be earned. Now, as the economy is picking itself back up post-recession, Millennials have a much different idea of what they need to do to succeed, and more of them are taking the initiative to prove their worth to employers on a daily basis while honing their soft skills in the long term.

Millennials and hiring managers: Different worlds?

While the recession appears to have pushed many Millennials to form more realistic expectations about career advancement, many hiring managers don’t yet see a change in Millennials’ expectations and are still of the belief that Millennials are driven by unreasonably high pay in return for minimal effort. Many hiring managers remain very cynical of the efforts Millennials are making, and believe that this generation continues to have a sense of entitlement and unrealistic expectations of their own career growth and success.

Millennials also believe doing work that is personally meaningful to them and achieving a sense of accomplishment are just as important as earning a high salary for a successful career. In fact, 30 percent of Millennials identify meaningful work as the single most important measure of a successful career. Millennials are also feeling a need to pursue higher education, obtain transferable skills, and hold a variety of jobs in order to get ahead in their careers. Mistakenly, however, hiring managers commonly believe Millennials’ desire to earn a high salary primarily drives their job and career decisions. Forty-eight percent of hiring managers rank high pay as the number one way Millennials measure their career success. In contrast, only 11 percent of hiring managers say Millennials consider meaningful work as the number one measure of success.

Let’s take a closer look:

Disparity in Education

Millennials: Seventy-nine percent of Millennials responded that they had completed at least some college to date, and 65 percent ranked education among their top three preparation activities for getting ahead in the workplace (40 percent of all Millennial respondents ranked “getting the proper education” as the most important choice they could make to prepare for future careers).
Hiring Managers: Meanwhile, only 28 percent of hiring managers cited “getting the proper education” as the most important method for future success (though 55 percent did place it in the top three). Preferable to education was “learning transferable skills” — 62 percent of hiring managers listed this as one of the top three steps Millennials can take today to prepare for the next 15 years. Nearly two in five hiring managers (39 percent) said “setting goals with managers” should be in the top three.

Why? With the passing years, more and more young people are getting advanced degrees. Because managers used means other than getting higher degrees to get ahead in the workplace themselves, however, they may not view education as a key step for Millennials to advance their own careers. And, as managers have more work experience than Millennials, they are able to view the career path from a different perspective as far as ways to achieve workplace success.

Tips for managers: Investigate the learning opportunities available to your employees and make specific recommendations as part of each individual’s development plan. Help your employees set realistic and achievable goals for their future, and provide a path for building transferable skills in their daily roles that makes sense to both you and them.

 

Disparity in Millennials’ career motivations

Millennials: Millennials equate a successful career with doing meaningful work; in fact, 71 percent reported this as among the three most important factors defining career success. Nearly a third (30 percent) believed it was the most critical factor.

Hiring Managers: Only 11 percent of managers reported that meaningful work was the most important factor contributing to Millennial success, while almost one-half (48 percent) of managers said high pay was in fact the most critical factor in defining career success.

Why? Older generations grew up in a different time, when work rules were defined and enforced by the employer, and the primary purpose of work was to provide a paycheck, not to feed the well-rounded employee who increasingly struggles with work/life balance in a technology-driven world. Though pay is still important to many employees, work expectations have shifted over the years as our culture has evolved, and employees want different things from their “work life.”

Tips for managers: Match your Millennial employees with a mentor who is able to help guide their career path and offer advice along the way. In addition, be open to your workers’ proposals to create a work environment that is meaningful to them and enables them to do their best work, such as telecommuting or flexible scheduling, if they have presented clear advantages to the organization in saving time and money and effectively addressed any concerns you may have. In the long run, it may result in a situation beneficial to both your organization and your employee.

Key challenges for Millennials

Millennials are currently faced with two key challenges:

  1. They must overcome the pervasive stereotypes managers have about their generation.
  2. They must identify and address areas that impact their ability to work effectively in the professional world.

As older generations tend to hold opinions of Millennial employees that sharply diverge from the attitudes Millennials have about themselves, it’s important for managers to work with the various generations in their workplace to set a positive example and work to increase understanding of this generation. While research showed us that Millennials and their managers agreed that compared to older generations, Millennials are more likely to exhibit an inability to receive criticism as well as ineffective communication skills, these weaknesses must be viewed as a learning opportunity for both parties.

Moving forward, together

Millennials and their managers have come a long way in understanding one another – though there’s still a long road ahead. That road, however, is more quickly paved by each group doing their part to move forward and understand the other.

Millennials, for example, must be proactive in seeking mentorship from senior leaders, setting goals with their managers, and participating in company-sponsored training opportunities.

In addition to the tips mentioned above,  managers can also start taking steps to better understand and effectively work with Millennials:

  • Give timely and constructive feedback.
  • Keep an open mind and learn from young professionals.
  • Teach by example to set expectations.
  • Implement two types of training into your organization: The first, a session or course on inter-generational dynamics that provides Millennials and their managers with concrete strategies to build a better sense of community within their teams. The second, soft-skill training provided by the organization for Millennial hires that includes instruction on 1) assimilating into a new workplace culture; 2) working with team members assertively and diplomatically and how to receive and process feedback; and 3) approaching a supervisor to seek mentorship and set long-term career goals. This type of course would also help Millennials combat misperceptions about their generation and teach them strategies (like reverse mentoring) that use their digital comfort, ability to multi-task, and multiple other strengths in a positive way.

As managers become more open and tolerant, and Millennials continue to adjust their expectations and make visible and appreciated contributions to organizations, we will continue to see a wider understanding of the Millennials generation – as well as the great additions they can make to a rapidly changing work landscape.

Read the full report here for more statistics, thoughts from both Millennials and managers, and advice on managing the Millennial generation, or listen to my recent discussion with Lisa Johnson Mandell.

 

About The Career Advisory Board
Established in 2010 by DeVry University, the Career Advisory Board is a panel of leading career experts and authors from business and academia who provide actionable advice for job-seekers. The Career Advisory Board generates proprietary research and commentary, and creates tools, insight and resources to prepare job-seekers for success. Its members include executives from CareerBuilder, Cisco, DeVry University, Hewlett-Packard, IBM and Microsoft Corporation as well as nationally recognized career experts.

 

 

 

Turnover RX: What’s Ailing Health Care Workers?

April 6th, 2011 Comments off

Turnover RX: How to Cure the Retention Problems Ailing Your OrganizationAs we just discussed here on The Hiring Site, the hiring outlook for this past month was the strongest it’s been in three years — which is great news. But, while in some industries employers also have plenty of candidates to choose from, in the health care field, the demand for services is rising so quickly that there aren’t enough health care workers to fulfill the growing demand. And this year alone, the first wave of more than 70 million baby boomers will turn 65 and 30 million more Americans will be will be insured, adding to the need for jobs like nurse practitioners. So, how are companies dealing with this challenge? A newly released CareerBuilder study of more than 1,000 health care workers gives us some insight into the job challenges these workers are facing, and includes advice to help organizations continue to retain top talent. You can also download the survey report in its entirety.

What did health care workers tell us?

1. A lack of career advancement opportunities is the top challenge health care workers face in their current positions.

What’s most challenging for health care workers — a) the sometimes-stressful environment? b) The lack of time for lunch breaks? c) The scrubs they must wear? No — it’s d) none of the above. In reality, more than half (51 percent) of health care workers cited a lack of advancement opportunities as the top challenge they faced in their current job. As patients are workers’ first priority, and as work overload was second in line as far as challenges cited, with 40 percent saying it was their biggest challenge, workers need management to help them make career advancement a priority as well. With so many balls for health care workers to juggle,  it’s important for health care organizations to provide career advancement programs and opportunities, to make those opportunities known, and to support workers’ efforts to take advantage of them by making it easier for them to do so.

3.    Tenure rates for nurses are low across various health care organizations.

Analysis of CareerBuilder databases revealed that registered nurses have a median tenure of 1.4 years. This is much lower than the 4.4 years that wage and salary workers had had with their current employer (according to a 2010 U.S. Bureau of Labor Statistics study). Offices of physicians see the lowest nurse turnover, with a median job tenure of 1.57 years, while nursing care facilities have the highest ,at .97 years tenure. Falling in the middle were kidney dialysis centers (1.23) and home health care services (1.17). Operators of certain health care facilities may have a harder time retaining employees because of the difficult nature of the work.

3. Nurses are more concerned with doing their job well in a good environment than with the amount of money they make.

Nurses are the segment of the workforce hardest to recruit and retain — and with a median 1.4-year tenure, what factors are nurses struggling with, that, if resolved, might make a difference in workplace satisfaction? When nurses were asked about their biggest workplace challenge, salary was not at the top of the heap — they put salary as fifth (35 percent) on their list of biggest workplace challenges. Topping their list, though, was a shortage of needed staff (49 percent) and, as many health care workers across the board stated, a lack of advancement opportunities (49 percent). It’s not a surprise, then, to hear about nurses going on strike just last month over staff shortages.

4.    A wide disconnect exists between benefits offered by employers and what employees say their organizations provide.

In the CareerBuilder survey, health care professionals were asked if their current or most recent employer offered a number of different programs to their health care employees. Of the 10 programs listed, in-house skills training was the only program said to be offered by more than 50 percent of the survey-takers. Below are the full results:

  • In-house skills training (57 percent)
  • Education reimbursement (43 percent)
  • Technology training (43 percent)
  • Flexible work schedules (42 percent)
  • Cross-training (40 percent)
  • Opportunity to mentor others (37 percent)
  • Autonomy in position (33 percent)
  • Opportunity for innovation (24 percent)
  • Performance-based incentives (22 percent)
  • Sign-on bonus (8 percent)

In addition to the somewhat alarming statistic that nine of the 10 factors were said to be offered by fewer than half of the respondents’ workplaces, there also appears to be a disconnect between what employers are offering and what employees believe they offer. For instance, more than half (57 percent) of health care employees said that in-house skill trainings were offered by their employer; however, an even higher number of employers (68 percent) indicate that they provided this type of perk — meaning a lot of employees left in the dark about the trainings their employer provides. This disconnect illustrates that while health care organizations may be offering valuable perks, these programs are not always being messaged effectively to employees.

5.    Patient to staff ratio is strained, leaving workers spread thin with little time for career development.

We’ve heard before about health care workers’ desire to be heard — and survey data supports that idea. However, because workers are so tied down in managing their daily duties, there’s often little to no time left to focus on professional development. Nearly six in ten (57 percent) of health care workers said that the health care professional-per-patient ratio is getting worse, allowing less time for professional development and career advancement and requiring more time on day-to-day duties.

How can employers better support their employees?

It’s clear that money is not the only thing on health care workers’ minds — just like workers in many other professions, they seek opportunities for advancement in their careers, professional recognition, and benefits. They also need both the support of management and a robust enough staff to make this more easily attainable.

Although salary and benefits are important, lower-cost factors such as mentoring, career-path planning, training and support also greatly influence health care employees to apply to and stay at a job. With health care organizations battling for top talent and facing high demand for positions, it’s important for employers to take the temperature of their staff to best meet their needs, as well as keep a finger on the pulse of job seekers.

There’s no overnight solution, but it’s important to develop and nurture an environment where your employees can thrive. Talk to your employees about their biggest needs and challenges, and create a plan to help them more effectively meet these challenges. Find ways to communicate to your employees about the career advancement, training  and benefits programs your organization offers, and find ways to make it easier for them to participate. And if your organization doesn’t offer these initiatives, keep in mind you’re likely missing out on a lot of talent willing to sign on with organizations that are. Giving your employees ways to continue to learn and advance in their careers will give you a distinct advantage over your competition, and your employees will have another reason to grow with your organization, rather than look for the nearest exit.

What do you see as a solution toward fixing the turnover issues that ail so many health care organizations?

The Top 6 Myths About Talent: Must Knows for Your Employment Brand

January 10th, 2011 Comments off

This post originally appeared on TLNT, an HR blog about “The Business of HR,” with news, insight, and topical information from experts and thought leaders in HR, talent management, and all areas related to HR and managing a workforce.

Workers you want to hireAs the nation’s economy begins to stabilize following one of the deepest recessions felt across the globe, employers are shifting their focus from cost containment to growth and have begun to hire again.

They have also taken on the challenge of repairing employment brands which may have been affected by tough decisions around layoffs, compensation reductions or negative press tied to financial hardship. In a recent CareerBuilder study of more than 2,700 hiring managers, 70 percent of employers said they are taking measures today to strengthen their employment brand to prepare for when the economy turns around.

Employers are facing new market realities and need to reassess their go-to-market game plan for expanding their talent bench. Through an “Applicant Experience Survey” of more than 1 million job seekers over the last year, Personified, the talent intelligence and consulting division of CareerBuilder, gathered information on what job seekers said motivates them to apply, what deters them and how elements of the recruitment process impact their perceptions of a potential employer.

From the survey and other Personified research came a rebuttal of six common myths around talent acquisition that are important to keep in mind when planning recruitment strategies for 2011.

Myth #1 – The top competitor for talent is in your industry. Personified looked at a variety of companies, tracking who applied to their jobs and where else those candidates applied. On average, in 80 percent of the cases, the top competitor for talent operated outside of the company’s industry.

Tip: Expand your reach beyond industry borders to build up your talent pool for hard-to-fill and high volume positions. Use social media, niche sites and targeted advertising to connect with other workforce segments with comparable skill sets.

Myth #2 – I can wait until social media is better tested before incorporating it into my recruitment plan. Waiting will likely translate into a competitive disadvantage. One-in-four job seekers expect companies to have a presence on social media today. More than half become fans or followers of a company through social media because they would like to work there.

Tip: Master one social medium before going to other platforms. Promote the unique benefits of working at your company, cite awards received, include employee testimonials, highlight jobs and keep an open dialogue with visitors.

Myth #3 – The top motivator for applying to a company is salary. While compensation is one of the first things job seekers will look for, it is often not included in job ads. When asked which factors were most influential in getting the candidate to apply to a recent job posting, location topped the list followed by the company’s reputation and whether the industry itself was considered desirable. Interesting assignments also made the top five, ranking higher than benefits and work-life balance.

Tip: In the wake of a recession that was fraught with uncertainty, emphasizing the stability and longevity of the company and positives about the industry is a necessity. You also have to really sell the position if you want a top performer, presenting exciting opportunities and specific examples of a work experience they won’t find anywhere else.

Myth #4 – When a job seeker speaks to a company recruiter or hiring manager, they typically walk away with a better perception of the company. One-in-five job seekers (22 percent) who recently spoke to a representative at a potential employer didn’t feel the person was knowledgeable about the company and position. Twenty-five percent didn’t think the representative was enthusiastic about the company being an employer of choice.

Tip: From the recruiter to the hiring manager, the greatest ambassadors of your employment brand are your current employees. Regularly survey new hires and job applicants to identify where improvements can be made in verbal and written communications.

Myth #5 – The failure to acknowledge an application won’t impact the company image. Some 38 percent of job seekers reported they have a worse opinion of an employer who didn’t respond to their application. Another 30 percent stated they were less inclined to buy goods or services from companies who don’t acknowledge applications.

Tip: If limited resources and large volumes of applications prohibit a customized response, at the very least, set up an automatic reply with a quick note on the time frame of hiring, so the candidate knows you received his/her application and is aware of your hiring timeline.

Myth #6 – The main deterrent from applying to a job is typically content-related. While the content of a job advertisement is undoubtedly critical, the main cause for drop-offs in the application process is often technology-related. Nearly one-in-four (23 percent) of job seekers reported that they recently quit in the middle of applying to a position because the link didn’t work. Some 20 percent cited a computer/Internet connection issue.

Tip: Triple check links on your company career page, online job sites, social media pages, etc. to make sure the connection is live and leading to the right information.

GUEST CONTIBUTOR: Co-Authored by Mary Delaney, President for Personified, a division of CareerBuilder, and Sanja Licina, Ph.D., Senior Director of Talent Intelligence and Consulting for Personified.