April 14, 2016
With graduation season around the corner, thousands of new college graduates will be flooding the job market in hopes of seeking full-time employment. And while the hopes are exciting, a new trend forecasts how Millennials will be reshaping the job market. Good news, folks: job-hopping is the movement of the future.
Job-hopping is a phenomenon of (mostly Millennial) employees moving from industry to industry over the course of their professional careers. Though once seen as uncommon, this trend could prove to be positive for the future of various industries. Job-hopping has not only been steadily increasing over the last few years, it transcends all industries and is slightly more common for women than for men.
Though Millennials didn’t start the job-hopping trend, they have increased its popularity amongst job seekers. Co-authors Guy Berger, Ph.D and Gloria Yang report that “the leap in the average number of jobs between 2001-2005 grads (2.27 jobs) and 2006-2010 grads (2.85 jobs) was noticeably larger than any other graduate groups.”
Based on the research, it’s also shown that job-hoppers are more likely to end up in media/entertainment, professional services, and government/educational/nonprofit fields. However, if stability is of the highest concern, it’s suggested that new grads look at jobs in oil & energy, manufacturing/industrial, and aero/auto/transport.
So what could this information mean for the future of the job market? As more job seekers turn to an interest in business and entrepreneurship, job hopping could provide more preparation than coming from a singular professional background. Though some would fear that having experience that covers a variety of industries would come across negatively when job searching, it can allow you to uncover important skills and strengths needed for your dream role.
Image via Flickr/Myles Tan
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