Which Industry Has The Most Millennials?
Millennials have been in the media spotlight over the years. They get all the attention because of their discoveries and innovations. Although at times, it's because of their crazy antics. Like it or not, they've definitely set new trends and changed today's society.
Millennials have the propensity to go after what they want and they're known not to settle for mediocrity. This makes them notorious for job hopping. Once they feel like their job's no longer challenging, they're off to a new one.
With this in mind, as a recruiter, you need to find ways of engaging with the younger generation. One of your goals is to make them stay and committed to their jobs. No matter what they say, millennials are not a lost cause. They can still build a career and actually stay in it, more so if they have enough motivation. If you're a recruiter and chasing after Gen Y, here is a short list of the industries millennials are moving into
Tech is the no. 1 industry that Millennials run to when changing careers. From software development, testing, and sales, 9% of job switchers end up in this industry. This isn't surprising at all. Especially because of the fact that they are internet and tech savvy even at a young age.
Millennials make up majority of the tech industry's workforce. Skillwise, the job is perfect for them. There's also the opportunity for career and income growth. Combine this with irresistible perks and benefits, and you have the perfect formula to make it appealing to this demographic.
According to recent surveys, Millennials quit their jobs because of lack of career growth. Coming in a close second is their dissatisfaction with company benefits and compensation. Yes, they are stereotyped as lazy and self-centred at times. This seems unfair to the young generation. The truth is, they only want job security and fair compensation, just like everybody else. That's why it's no surprise they shifted from high risk and start-up jobs to working in traditional industries such as healthcare.
Statistics show that there is a 7% increase in Millennial workers in the healthcare industry. One reason is because baby boomers are now starting to retire from the industry. Another is the need for workforce because of the rising number of retirees in need of care. Because of the increased demand and competitive salaries, this industry's become attractive to young people.
Believe it or not, but today's Millennials opt for retail jobs too. We all know how stressful this job can be, especially if you're working in retail and wholesale. But this industry doesn't only focus on sales. It also covers customer service, admin, marketing, and even production jobs.
What makes it attractive is the flexibility it offers. Millennials can do full time work, part-time, telecommuting, and even freelancing. So if you're after the younger age, you can attract 84% of the Millennials wanting work-life balance with the retail industry's flexibility.
Auto, Aero, and Transportation Industry
Recruiters engage more with Millennials in the tech industry. But another fact is, the auto and engineering industries have increased their workforce demand in the past few years. This, despite improving technology and automation. So if you're recruiting young people for this industry, it's time to step up your branding efforts to get the best potential out there. Competition is getting fiercer and you may want to be a step ahead of everyone else.
Leisure and Hospitality
Today's Gen-Y follow their passions and take the path less travelled to make their dreams come true. Whether it's baking, wedding and events planning, or travel blogging, if it gives them a sense of fulfilment, they'll go for it.
These are some of the jobs covered by the leisure and hospitality industry. There's still so much more out there and for sure, Millennials will be more than happy to fill the spot for you. Reality is, more than half of those who work in this industry stay because they are passionate with what they do.
It doesn't matter which industry you'll put them into. As a recruiter, one of your responsibilities (and usually the hardest job) is to attract this workforce and keep them. It's up to you to engage and utilise their skills, reach out to them and make the available job appealing.