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Changing Expectations: What Millennials Now Look For in a Career

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Changing Expectations: What Millennials Now Look For in a Career

Members of older generations have had a lot to say about millennials, and millennials have provided them with plenty of rebuttals. From the older generation’s corner, accusations of laziness and entitlement fly, while millennials insist that poor economic conditions and inflation have made success nearly impossible for their generation. But neither of these perspectives focuses on the positive changes millennials have brought to the workforce, and to the world. In reality, an incredibly positive revolution is happening just below the surface – and while millennials are getting flack now, they are simultaneously paving the way for a more innovative career culture in the future.

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One of the common reasons older generations view millennials as fickle and lacking in dedication is because they are much less likely to stick with one employer throughout their lives. In fact, a 2008 study showed that 75% of millennial participants expected to have between 2 and 5 employers in their lifetime. In a more recent assessment, more than one-quarter of millennials said they expected to have 6 employers or more.

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From the surface, this might appear fickle – why so much change? But one can also interpret this trend as enhanced focus, rather than a lack thereof. Millennials are well-aware of when they outgrow a position, and will quickly move along to a new role that better suits them. Also, millennials are the most underemployed generation, struggling in jobs that don’t pay the bills and that fall far below their level of expertise. In this case, continued career upgrades are not only smart but financially necessary – especially for those that plan to get married and have children.

Brands With Values

Gone are the days when corporations could act on questionable ethics and get away with it. Nowadays, corporate scandals go straight to social media, sometimes even going viral within hours. Millennials strive for careers with “purpose,” not ones in which they will be spinning their wheels or making unethical decisions just to avoid being fired. In a Brand Amplitude poll, 75% of millennials claimed businesses should impact society in a positive way, along with creating jobs and profit. Thus, millennials have taken a special interest in social enterprise and sustainable business.

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Not only are millennials doing things differently, but they are also more numerous, intensifying their impact on modern businesses. According to a report by PwC, “Millennials make up 25% of the workforce in the US and account for over half of the population in India. By 2020, millennials will form 50% of the global workforce.” For this reason, companies who are hiring millennials would be wise to have strong brand values, and most importantly, ensure that they embody those values in their actions.

Personal Development

Millennials are an individualistic generation, valuing personal growth and skill-building over job security. They are not tied to the idea of obtaining a fixed, specific role – such as becoming an accountant at a top bank. Rather, they are interested in finding a job that fits them. Perhaps this is why one poll found that “71% of American adults think of millennials as “selfish.” But does making work-life balance a priority equate to selfishness? Or rather, is it an indication that millennials have standards and goals for how they want to live their lives?

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Offering opportunities to learn, grow, and experience new things is another smart choice for modern companies that want to attract and retain millennials. A Business Insider survey showed that nearly 20% of millennials polled named Google as their ideal employer – a higher percentage than both Apple (13%) and Facebook (9%). It is no coincidence that Google offers paid maternity leave for parents, tuition reimbursement, and paid vacation. Thus millennials have clearly indicated that they are willing to be productive and dedicated to a company that helps them achieve work-life balance.

Dubbed “creative disrupters” in a 2015 Bank of America study, millennial influence is expected to grow as other generations diminish. The challenge for millennials will be to manage technology without letting it overtake them, along with managing the stress that inevitably comes with a technology-driven, fast-paced work environment.

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Featured photo credit: Flickr | ITU Pictures via flickr.com

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Last Updated on January 13, 2022

15 Best Places for Expats to Live (And Why)

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15 Best Places for Expats to Live (And Why)

Many of us dream of living abroad but can often be scared to make such a big change to our routine lifestyles and leave our home countries behind. Daunting as it may be, living abroad can be a rewarding and fulfilling endeavor and can give you the quality of life you have been looking for.

From a warmer climate to a more easy going way of life, there are many foreign countries favored by expats who stay for a long time – and sometimes forever. Taking into consideration livings standards, opportunities and social aspects, here are our top 15 best places to live as an expat and why.

1. Thailand

A hot spot for expats, the ‘land of smiles’ as it’s commonly known offers expats a tropical climate, a huge array of sandy beaches and islands to explore, and a rich culture. The cost of living in Thailand is extremely low, and when combined with the friendly tax system means that disposable income can be very high.

Bangkok, Thailand’s capital city, offers expats great employment opportunities.

2. Switzerland

Another popular destination for expats, Switzerland offers exciting employment packages and a high standard of living. It’s great for those who love the outdoors, as there are many beautiful lakes, mountains to hike in and skiing in the winter. The school standards for expats are also excellent, making it appealing for those with children. English is also widely spoken so day-to-day living can be stress free.

Unemployment in Switzerland is low and expats moving here don’t need to worry too much about finding a job before they arrive.

3. Australia

Many foreigners who visit Australia don’t want to leave as it offers a great quality of life, beautiful beaches and a warm climate. Making friends in Australia is easy too, due to the lack of language barrier and the large number of expats who already live here. Australia is a great place to move to if you have children because of its wide range of schooling possibilities and recreational outdoor activities.

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Low population levels and high quality of life are two of the main reasons expats choose Australia as a place to live.

4. Singapore

Expats in Singapore can benefit from generous financial packages, great career opportunities and low tax rates. Although education is expensive here, it is rated one of the top places for raising children abroad due to the quality of the education system and the array of schools.

Public transport such as buses and MRT (Mass Rapid Transit) are cheap and very reliable in Singapore.

5. South Korea

South Korea offers expats a unique range of opportunities and a very different way of living. Jobs for expats are easy to find and usually very well paid, with apartments provided by the employer on the most part making living costs even lower. There are also many tight-knit expat communities in South Korea, making it easy to socialize and meet new friends. The excellent education system is also a pro for families wanting to move to this culture-rich country.

South Korea has a cheap public healthcare system and offers great medical care, with most doctors speaking English.

6. New Zealand

New Zealand is constantly on the lookout for skilled workers to expedite to the country – especially those under the age of 30 – and skilled migrants can be granted a stay for up to five years. It offers a good climate and although income levels can be lower than other countries, quality of life is high, with its awe-inspiring scenery, low crime rate and state sponsored healthcare.

New Zealand is great for those looking for a laid back and active outdoors lifestyle.

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7. Canada

Its national healthcare system, friendly locals and very high quality of life are just a few of the reason expats choose Canada as a place to live. It’s very welcoming to expats and skills shortages encourage foreigners to move here in order for the country to grow economically. It’s easy for expats to feel comfortable quickly in Canada due to its multicultural environment.

Canada was largely unaffected by the economic crisis, making it a very popular country for expats.

8. Qatar

Qatar is becoming increasingly popular among expats with an estimated 500 new arrivals every day. The salaries are generous and are tax free too, making disposable income very high. Car and housing allowances are part of many remuneration packages, and education for your children and airfares are often included.

The cost of living is lower in Qatar than in other UAE countries but salaries can still be just as generous.

9. Hong Kong

Where east truly meets the west, this bustling island has a population of over seven million people. If you’re looking for a fast-paced environment and an active nightlife, Hong Kong is definitely the place to be. Benefits for expats include its advanced healthcare system and elevated standards of schooling for children, along with great employment opportunities. The cost of living in Hong Kong can be high, so trying to negotiate a housing allowance with your employer can be beneficial.

Hong Kong is great for those looking for high incomes and career advancement.

10. Japan

As an expat destination, Japan offers a rich culture and a chance to experience a very different day-to-day life. Currently around two million expats live in Japan, and in the larger cities such as Tokyo a large portion of the population speaks English. English speakers are also in demand and there are a large number of opportunities for language teachers, especially in the capital.

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Japan offers a high standard of living for expats and a good education system for those with children.

11. Spain

Spain is a very popular destination for expats due to the high temperatures and year-round sunshine. EU residents don’t require a visa to work here, meaning the move can be a lot easier. Skilled foreign workers also continue to be in demand with jobs such as engineering, customer service, skilled trades and language teachers widely available.

A huge 14% of Spain’s population are expats from a variety of foreign countries.

12. Dubai

Two of the main attractions of moving to Dubai are the tax-free salaries and the warm climate. Some of the most popular jobs for expats are in construction, banking, oil and tourism. You can also enjoy a busy social life in Dubai as the expat community is thriving. Although it can be an expensive country, the tax-free salary means you experience a higher quality of life than in other countries.

You will need a work permit, residence visa and an Emirates ID card to live in Dubai as an expat.

13. Germany

Germany is one of Europe’s most populous countries, with around 82.4 million people. It’s a lively and inexpensive country to live in as an expat, and if you have children the education system is great and healthcare is to a high standard. An estimated 250,000 expats live in Germany currently, with the numbers rising every year.

If you are already an EU citizen, you don’t need a visa to live and work in Germany.

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14. The Netherlands

The Netherlands is a great place for expats who love the outdoors. Cycling is one of the main modes of transport and looking after the environment is widely recognized. There are a lot of English speakers in the Netherlands too, but learning the language can work to your advantage and make day-to-day life that little bit easier. Skilled expats can also benefit from a tax-free allowance equivalent to 30% if they meet the correct criteria.

It is often more important to be able to speak fluent English than to speak Dutch when looking for employment in the Netherlands.

15. China

China offers expats great employment opportunities with little competition. Those who embrace the culture and decide they want to live in China long term can see a host of employment opportunities as its economy is growing rapidly every year. Economists predict it will overtake the US as the world’s largest economy by 2018. China also offer expats low living costs and high disposable incomes, which is why many look to live here for a higher quality of life.

Shanghai and Beijing are the most popular destinations for expats who live in China.

Featured photo credit: Saulo Mohana via unsplash.com

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