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Millennials, Is Job Hopping Killing Your Career?

Millennials, Is Job Hopping Killing Your Career?

Millennials have been known to be the official generation of the job-hop, with some surveys reporting that up to 30% of companies lose newly hired Millennials within a year. For these employees, the temptation of finding something better is too much to pass on, but is it turning employers off? Here’s a look at the postiives and negatives of job hopping:

Negative: Perceived lack of loyalty.

If a potential employer sees you’ve been jumping from job to job for the last few years, the hiring manager may hesitant to bring you on board to only have you around for a year. After all, it costs a company about $15-20k on average to replace a Millennial employee, so why would they be willing to take this risk? No employer is looking for someone with an expiration date, they want long-term employees ready to grow and develop with the company. Be ready to explain your job-hopping days in any interview with valid reasons for why you left each company.

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Negative: Missed opportunities.

Some Millennials job-hop in an attempt to move up the corporate ladder, not realizing that by leaving a job, they’re missing out on an opportunity for internal promotions! Many of the leadership roles within big corporations are filled by employees who have been there years and years, and not with employees who have jumped ship after trying out the role for a few months. Once you’ve found a company you’re satisfied with, fight the urge to look for something better and stick around to see if you can find that “something better” within the company!

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Positives: Depends on your age…

You may be off the hook from the negative effects of job-hopping depending on your age. It turns out, employers don’t look down on new graduates or younger employees for resumes filled with job-hopping, instead they tend to view it as a young worker taking time to find a job that fits. Once an employee reaches the age of 30, the employers start to frown upon job-hopping and expect the employee to settle down. If your job-hopping days are behind you, have no fear! Future employers will most likely understand hopping from one c-store distributor job to the next was just a phase when looking over your resume.

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…and your industry.

In some industries such as IT, hospitality, retail and manufacturing, it’s more accepted to job-hop between careers. Many of these industries are highly competitive with aggressive recruiting tactics and pay raises, so employees often jump ship when a better offer is presented. If you’re heading into an interview with a history of job-hopping in one of these industries, you shouldn’t fear a negative reaction. Be ready to explain that job-hopping is the nature of these industries, and you’re looking to settle down with a career now.

Positive: Add skill sets.

Although job-hopping does have some negative effects on your career, it could also help you develop unique skills that could make you competitive in the job candidate field down the road. If you’re stuck at a job that doesn’t challenge you or present you new opportunities to learn or develop professionally, a job-hop might be just what you need to broaden your knowledge base and add vital skills to your resume for the future. When heading in for an interview, be sure to emphasize not the length of time at each position, but instead the skills you acquired by switching back and forth. Potential employers will forgive your job-hopping if it was all in the name of learning new skills.

Have you been job-hopping in an attempt to get a better position? Find out if you’re suited for a leadership role with this free assessment courtesy of Joel Goldstein!

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Last Updated on May 20, 2020

What Are Analytical Skills (And How to Strengthen Them For Success)

What Are Analytical Skills (And How to Strengthen Them For Success)

Everybody makes bad decisions. Some people, however, are more capable of making better decisions that inch them closer to success.

These individuals are not ruled by emotions, desires, or hunches. Rather, they depend on their analytical skills to overcome challenges regardless of urgency or complexity.

What Are Analytical Skills?

According to Richards J. Heuer Jr., a former veteran of the CIA,[1]

“Thinking analytically is a skill like carpentry or driving a car. It can be taught, it can be learned, and it can improve with practice. But unlike other skills, it is not learned by sitting in a classroom and being told how to do it. Analysts learn by doing.”

Analytical skills can be considered as one of the critical life skills that are not taught in schools. It comprises of visualization, critical thinking, and abilities for gathering and processing information.

Here’s a closer look at some of these abilities:

Visualization

Also tied to a person’s creativity, visualization is the ability to predict the possible outcomes of strategies and actions. In a professional setting, visualization involves the analysis of data – often through illustrations like charts, graphs, and detailed lists.

Critical Thinking

Simply put, a person’s ability to think critically can be measured by his or her consistency in creating reasonable decisions. It pertains to the ability to evaluate information, siphon what’s useful, and draw conclusions without being swayed by emotions.

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As a critical thinker, you’ll find yourself challenging assertions and finding loopholes in proposed solutions.

Computing

Whether you like it or not, you need to be comfortable with numbers if you want to sharpen your analytical skills. Bear in mind that computing encompasses other skills like cost analysis, budgeting, and performing general calculations.

In business, you need to use computations when weighing the risks and benefits of any given strategy.

Problem-Solving

Remember that analytical skills are used not just to understand problems, but also to develop the most suitable course or courses of action. This relates to your goal-setting skills, which involve breaking down and prioritizing between objectives.

Resource Management

Lastly, analytical skills involve some degree of resource management depending on the task at hand.

For example, professionals with a tight schedule must know how to effectively manage their own time – also known as one of the most important resources in the world.

Business leaders, on the other hand, must know how to manage company resources, including cash and manpower. Take note that the definition of analytical skills may change to match the requirements of a specific situation.

For example, upon hiring a web developer, analytical skills may refer to the ability to determine the needs of online users, understand web analytics for optimization, and identify visual elements that can match a company’s brand.

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The skillset above, however, should be applicable in most if not all scenarios.

Develop Your Analytical Skills for More Growth Opportunities

There’s no question that the right decisions lead to positive results. It doesn’t matter if you’re running a business or simply trying to climb the corporate ladder. By training your analytical skills, you position yourself for more growth opportunities while staying away from negligible actions you will regret.

For example, you plan to launch a new startup in your local community – but struggle to decide the niche you want to enter. Since you’ve been a technophile your whole life, part of you desires to invest in a gadget store. If you’re passionate about your business, success will come – right?

If you have sharp analytical skills, you begin to see your plans in whole new dimensions.

What are the possible outcomes of this venture? Does the local market have a need for a new gadget store? How much do I need to get started – and how much should I sell to make a profit?

Depending on your findings, you can determine the feasibility of your business idea without letting your emotions get in the way.

6 Ways to Strengthen Your Analytical Skills

There are several approaches when it comes to developing an individual’s analytical skills. For instance, psychologists agree that reading fantasy stories as a child can help sharpen critical thinking.[2]

Research also suggests that undergoing traditional education has a positive effect on a person’s IQ and analytical skills.[3]

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But as an adult, such opportunities to hone your analytical skills no longer apply. That’s why you need to devise a more deliberate, active approach yourself.

Below are a few strategies to get you started:

1. Ideate Business Ideas

Developing a profitable business idea, whether you pursue them or not, involves numerous challenges. You need a ton of research, computations, and problem-solving to create a tangible business plan.

You can organize your ideas with a note-taking tool like Microsoft OneNote or Evernote. Doing so will allow you to delve deeper into your analysis, organize your findings, and stay focused on roadblocks as well as how to solve them.

2. Leverage Analytical Tools

Aside from note-taking tools, you can also leverage other software that can help with analytical tasks. A money management app like Mint, for example, makes it easy to track your spending habits as well as manage your budget with visual tools. When it comes to prioritizing goals, you can use simple task management apps like Trello or Wunderlist.

3. Have a Personal Learning Library

Thanks to the internet, there’s a colossal amount of resources you can utilize to learn new skills, expand your vocabulary, and train your visualization muscles.

Social media networks like SlideShare and YouTube, for example, offer mountains of tutorials you can access to your heart’s content.

For a personalized learning library, you can download Instagram videos or GIFs from educational accounts like NASA Goddard and the American Mathematical Society. But if you prefer specific, technical skills, then a good place to start would be online learning platforms like Coursera, edX, and Alison.

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4. Participate in Online Communities

The internet is a great place to share experiences, opinions, and sometimes intellectual discussions with like-minded individuals. Reddit, for example, has a place or “subreddit” dedicated for every topic imaginable – from technology to entrepreneurship.

For structured debates, you can head to websites like Debate.org and let other users choose the winner via votes.

5. Seek Mental Stimulation

To keep your mind sharp, make it a habit to engage in mentally stimulating activities, such as chess, puzzles, and brain training apps. A great resource would be Lumosity, which contains dozens of cognitive games designed by teams of scientists and game designers.

6. Keep a Personal Journal

Finally, keeping a personal journal allows you to take a second look at everything that happened in your day.

Remember that writing about learning experiences lets you focus on the lesson rather than the emotion. It will help you analyze how you made your decisions, why you came to certain conclusions, and what you can do to improve in the future.

Here’s How to Create a Habit of Writing in a Journal.

Bottom Line

As an adult, you are required to face a myriad of challenges on a daily basis. Work, school, business, relationships – the list goes on when it comes to the sources of life’s problems. With analytical skills, you can confront and overcome any obstacle standing between you and your goals.

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Featured photo credit: Campaign Creators via unsplash.com

Reference

[1] M. S. Ramaiah University of Applied Sciences: Analytical Thinking?
[2] KD Novelties: Why You Should Read Classic Tales to Your Children
[3] Economic Inquiry: The Effect of Education on Cognitive Ability

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