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Career and Job Search Trends for
Millennials and Gen X-ers
Presented by Alexandra Levit
Co-chair, Career Advisory Board
How are young professionals different
from all other professionals?
What is a Millennial?
• Generation X
(1964-79)
• Early Millennials
(1980-86)
• Late Millennials
(1987-95)
Millennials and Leadership
• Millennials aren’t the
entry-level kids anymore.
• As of 2014, half of global
millennial professionals
were leaders!
• 1/3 do not feel ready.
Job Preparedness Research
(2016, 5th year)
• 500 U.S.-based hiring managers.
• Measures gaps between what hiring managers are
looking for and what candidates are bringing to the
table.
• 23 skills assessed:
Integrity Accountability
Work ethic Self-motivation
Time management Verbal communication
Written communication Interpersonal skills
Problem solving Assimilation of new information
Adaptability Decision making
Technology skills Analytical skills
Ability to work in a matrixed environment Innovation
Strategic perspective Presentation skills
Networking skills Real world work experience
Business acumen Risk taking
Global competence
• Hiring managers are
unrealistic.
• Character trumps
skill.
• Largest skill gaps
are at the senior-
level.
• Narrowing skills gap at entry and mid-levels.
• Increase toward commonality.
• Unprepared career changers.
Biggest Challenge?
Successful Job Seekers Research
(2015)
• Hiring managers hold out for the perfect
candidate and few job seekers fit the bill.
• What are those who are immediately
successful doing right?
• Successful job seekers TARGET:
• 51% of active job seekers applied to five or
fewer positions and 66% applied to 10 or
fewer.
• 90% wanted to be at least 75% qualified
before applying. 41% wanted to be at least
90% qualified before applying.
Successful job seekers CUSTOMIZE:
• Intelligence gathering: 67% reached out to the
contact person and 32% reached out to their
network to get inside info.
• 84% created or updated their resume for each
opportunity.
Successful job seekers
STAY ON TOP OF IT:
• 73% kept files on each
opportunity, 64% stuck
to a weekly to do list.
• 64% followed up at least
once.
• They don’t waste time!
47% searched 1-3 hours
a day, and 45% spent
less than an hour each
day.
Successful job seekers ARE
REALISTIC:
• Most accepted jobs that
were superior in only a
few ways (role, industry,
company, geographic
location).
• Only 21% felt they
received an excellent
offer, 61% thought the
offer was good enough,
and 19% thought the
offer was not good, but
they wanted the work.
• Critical Success Factors:
Communicating what they
could offer the company
(28%), willingness to be
flexible (21%), marketable
skills (20%).
• Critical Success Traits:
Willingness to learn (67%),
adaptability (63%), and
confidence (58%).
• Biggest surprise? Very
negligible age differences!
Top 6 Hot Trends
• Mobile-optimized job ID and application
• Passive talent community participation
• Microcredentials via MOOCs fill ed gaps
• In person presentations
• Growing entrepreneurial desire
• Mandatory desires: flexwork, cognitive
inclusion
Please visit us at
CareerAdvisoryBoard.org

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Career and Job Search Trends for Millennials and Gen X-ers

  • 1. Career and Job Search Trends for Millennials and Gen X-ers Presented by Alexandra Levit Co-chair, Career Advisory Board
  • 2. How are young professionals different from all other professionals?
  • 3. What is a Millennial? • Generation X (1964-79) • Early Millennials (1980-86) • Late Millennials (1987-95)
  • 4. Millennials and Leadership • Millennials aren’t the entry-level kids anymore. • As of 2014, half of global millennial professionals were leaders! • 1/3 do not feel ready.
  • 5. Job Preparedness Research (2016, 5th year) • 500 U.S.-based hiring managers. • Measures gaps between what hiring managers are looking for and what candidates are bringing to the table. • 23 skills assessed: Integrity Accountability Work ethic Self-motivation Time management Verbal communication Written communication Interpersonal skills Problem solving Assimilation of new information Adaptability Decision making Technology skills Analytical skills Ability to work in a matrixed environment Innovation Strategic perspective Presentation skills Networking skills Real world work experience Business acumen Risk taking Global competence
  • 6. • Hiring managers are unrealistic. • Character trumps skill. • Largest skill gaps are at the senior- level.
  • 7. • Narrowing skills gap at entry and mid-levels. • Increase toward commonality. • Unprepared career changers.
  • 9. Successful Job Seekers Research (2015) • Hiring managers hold out for the perfect candidate and few job seekers fit the bill. • What are those who are immediately successful doing right? • Successful job seekers TARGET: • 51% of active job seekers applied to five or fewer positions and 66% applied to 10 or fewer. • 90% wanted to be at least 75% qualified before applying. 41% wanted to be at least 90% qualified before applying.
  • 10. Successful job seekers CUSTOMIZE: • Intelligence gathering: 67% reached out to the contact person and 32% reached out to their network to get inside info. • 84% created or updated their resume for each opportunity.
  • 11. Successful job seekers STAY ON TOP OF IT: • 73% kept files on each opportunity, 64% stuck to a weekly to do list. • 64% followed up at least once. • They don’t waste time! 47% searched 1-3 hours a day, and 45% spent less than an hour each day.
  • 12. Successful job seekers ARE REALISTIC: • Most accepted jobs that were superior in only a few ways (role, industry, company, geographic location). • Only 21% felt they received an excellent offer, 61% thought the offer was good enough, and 19% thought the offer was not good, but they wanted the work.
  • 13. • Critical Success Factors: Communicating what they could offer the company (28%), willingness to be flexible (21%), marketable skills (20%). • Critical Success Traits: Willingness to learn (67%), adaptability (63%), and confidence (58%). • Biggest surprise? Very negligible age differences!
  • 14. Top 6 Hot Trends • Mobile-optimized job ID and application • Passive talent community participation • Microcredentials via MOOCs fill ed gaps • In person presentations • Growing entrepreneurial desire • Mandatory desires: flexwork, cognitive inclusion
  • 15. Please visit us at CareerAdvisoryBoard.org