According to Fractl, if you were to ask Millennials about their parents’ top career mistakes, they would say they had a poor work-life balance (30%). A recent survey asked over 1,000 Millennials about their perceptions of success compared to their parents and identified the top career trends of each generation. Some interesting findings were:
- Nearly 1 in 4 Millennials say their parents stayed with an employer too long, and 15% think they poorly negotiated salary and benefits
- Despite being labeled as the burnout generation, Millennials say their parents’ biggest career mistakes are a poor work-life balance (30%)
- 50% of Millennials say they’re more financially responsible than their parents
Roughly 30% of Millennials are influenced by their parents’ career mistakes. Learning from previous generations’ mistakes can help you get ahead in life. Here are the five golden rules of career success:
1. Negotiate your salary and benefits: It can feel intimidating to ask for a raise, but it can cost you a lot not to ask. As a job seeker, do not stop at the initial offer. Push past the uncomfortable feeling and go for more than what’s first offered. Practice with friends and family then have a talk with your manager where you confidently make the case for a salary increase. Don’t underestimate how significant even a 5% raise is.
2. Stay up to date on industry news and technology trends: Across generations, nearly 1 in 4 people say their parents fell behind on either the skill set needed for their job, on technology, or both. Reading scholarly journals or news articles about your field can keep you up to date with any changes affecting your profession and can prepare you for them. In this digital age, advancements in technology impact nearly every profession. Be sure to stay current and learn how technology is shifting and figure out ways to adapt.
3. Further your education: It’s safe to say that the more educated you become, the more career options and upward mobility you’ll open position yourself for. On your free time, attend seminars to further develop your skills. Ask to shadow someone at work who has the role you’d like to upgrade to. Volunteer for challenging tasks that will really solve problems for your company. These are only a few of the many ways you can continue your education beyond college.
4. Network, network, network!: Networking is an increasingly important component of the workplace, and many career opportunities can come from the people you know. It’s not only a great career rule, but it also enriches your life on a personal level—with more knowledge and social activities. So the next time, you’re tempted to decline an invite, push yourself to step out of your comfort zone. Have lunch with your coworkers and get to know them better. Send cold emails and grab coffee with people you admire. Attend the annual company trip and start a conversation with the CEO. You’d be surprised how many great connections can come if you make an effort.
5. Prioritize work-life balance: Turn off your work notifications after leaving the office and carve out time for self-care —whatever it looks like for you. Whether it’s volunteering at a local homeless shelter, reading, or simply spending time alone to reflect on how you’re feeling, prioritize this as it’ll help you achieve a good work-life balance.