If you haven’t already, it’s time to kiss goodbye to the idea of having a job for life.
There are currently around four million Gen Y workers in Australia who will on average stay in a job for less than three years and have had more than 12 different jobs by the time they hit their 30s.
So if it feels like you’re always thinking about your next move, workplace or boss, you’re not alone.
According to a national survey by Upwork, 56 per cent of Gen Ys claim corporate loyalty is an out-dated concept and that professionals will be more successful if they craft their own career path. A huge 85 per cent of Gen Ys would consider quitting their job to work for themselves, and only half of Gen Ys stayed in (or intend to stay in) their first full time job for more than a year.
Of those with degree level education and above, 39 per cent are at management level already, half see themselves in management in ten years, and 28 per cent expect to be freelance/self employed or a business owner.
And when it comes to choosing a job, the main drawcard for Gen Ys is earning potential, followed by the people they’ll work with, culture, and flexible working hours.
Understandably, this job-hopping poses difficulties for recruiters to find and retain young talent. Gen Ys limited tenure is cited as the top concern amongst recruiters, but they also think we’re egotistic with 81 per cent of recruiters say Gen Ys are more likely to have egotistic tendencies than Gen X. They also say Gen X have better leadership qualities and are better team players than Gen Y. Whatever.
One person who’s done it is 25-year-old Kirk Stanton, who left his job as a graphic designer at an agency to work for himself, preferring to choose the jobs and clients he wants to work on.
“There was definitely an element of risk involved in my decision to start working for myself. While I was working full-time at my previous job, I was freelancing in my spare time, so I focused on developing a list of solid clients, and a rapport between those clients. Taking the plunge from full time to freelance (often over 80 hours a week) was somewhat calculated. I lined up enough clients for me to sustain a healthy and steady financial lifestyle, and made the decision as soon as I could see that sustainability.”
And what exactly were those sustainable finances?
“Starting out, I established that the minimum I could earn was $300 per week to cover bills, rent and general living expenses. This was fine, with managing my budget I could easily live on this amount. Currently with my list of steady clients, I’m easily earning approximately 400+ per cent over that minimum goal with Upwork contributing to about 60 per cent of that.”
His advice for going it alone?
“Put in the time, put in the work, believe in what your doing (regardless of what other people say), don’t sell yourself short (never work for free) and eventually something will click.”