The Job Market Wants (and Needs) Millennials

The job market is undergoing a shift, and millennials are standing right in the sweet spot. Forget the stigma of being young and inexperienced; employers are increasingly recognizing the value that young adults bring to the table. Here's why your twenties might be the golden age for landing your dream job:

High Demand, Low Supply

Gone are the days of hundreds of applicants vying for every entry-level position. According to recruitment site eFinancialCareers, there's a global shortage of candidates with three to seven years of experience, which is precisely the range most millennials fall into assuming they started their careers around 21. This translates to a measly 14 resumes on average for advertised jobs seeking this experience level, compared to a whopping 300 CVs submitted for roles requiring a hefty 15 years!

A Trend Across Industries

There is a high demand for young talent across various sectors, especially in creative fields like marketing and communications. Companies are embracing the digital-native advantage that millennials possess, recognizing the need for fresh perspectives and innovative ideas. 

Traditional hiring processes are being challenged as many millennials are bypassing traditional educational paths and internships to forget their own path by leveraging social media to showcase their skills, network like never before and find access to jobs previously unavailable.

Grooming for the Future

Employers see millennials as long-term investments. In-house promotions are generally cheaper than external hires, making a long-term investment in millennials cost-effective for the long-term. Additionally, the cost factor can't be ignored; millennials often come at a more competitive salary compared to seasoned professionals.

Challenges and Considerations

While the outlook is bright, there are hurdles to overcome. The skills gap between what educational institutions teach and what employers require remains a challenge. Companies might need to invest in training and development programs to bridge this gap.

The Flip Side of the Coin

Younger workers may prioritize passion and purpose over long-term commitment. Millennials are redefining what long term career paths look like, and are more likely to look elsewhere if all their demands aren’t met. The rise of entrepreneurship also fuels this trend, with a significant portion of young adults opting to pursue their own ventures as the never ending global corporate machine has many feeling trapped by the typical 9 to 5. 

The Takeaway

The job market is tilting in favor of millennials. With valuable skills, a hunger to learn, and a willingness to embrace change, young adults have a unique opportunity to carve their career paths. So, dust off your resumes, hone your skills, and get ready to shine – your twenties might just be the perfect springboard to launch a successful and fulfilling career!

About HeyDevs

HeyDevs is a revolutionary new platform that empowers developers to take control of their careers, connect with other developers and find job opportunities that align with their goals and interests, without ever needing to apply for a single job! With HeyDevs, companies compete for you, not the other way around.

For developers, HeyDevs offers invaluable resources including our specialized swipe-to-work function, anonymous profile, CV builder, and customizable search criteria, with the ability to connect and chat with prospective employers completely on-site. 

For businesses, HeyDevs offers tools to maximize the recruitment process, saving time and money, with a talent pipeline that streamlines a majority of the hiring process directly on the platform, eliminating the need for recruiters or headhunters so the hiring process can be handled with HeyDevs as the only medium between employer and candidate, all powered by smart matching to ensure the most relevant matches are provided first. HeyDevs is a truly unbiased hiring platform, delivering a diverse pool of talent that hides information such as avatar, age, and gender, focusing solely on experience and skill, paving the way for a more inclusive workplace.