Traditional Career Ladder Crumbles, Making Way for the Career Web

December 13, 20168:42 am890 views

New research released today LifeSkills created with Barclays, reveals that the traditional Career Ladder is crumbling away, making way for the Career Web, as findings reveal nearly a quarter (24 percent) of Millennials have already worked in four or more industries in their expanding careers.

This is in stark contrast to the majority of 65+ year olds (59 percent) who have only worked in maximum of three industries during their career.

The Career Web is seen as a new professional journey for those embarking on their careers, which allows them to explore different industries and sectors to broaden their skill sets and achieve their career goals. This new ‘web of work’ is highlighted by data showing the younger generation (18-24 year olds) have already moved three times on an average during their working career, the same as the national average across all ages.

If this were to continue throughout their career, they will have seven times as many job roles as their grandparents’ generation. This clearly demonstrates the multiple sideways or diagonal moves they make, to take on new roles or change industries in order to progress or gain new skills more quickly.

According to the research, younger Millennials are moving jobs more frequently than their more experienced counterparts, with the average 18-24 year-old staying in a job less than four years, two years lower than the national average. What’s more, 10 percent of under 24s reported that they were planning to stay in their roles for less than six months in order to seek new career opportunities and challenges.

Millennials are also far more likely to take a sideways move in their career, exploring different roles and sectors, with more than half of 18-24 year olds reporting to have done so.  The data showed that a quarter of those claim to have moved jobs to broaden their skillset and seek new challenges.

These moves have been overwhelmingly positive, with almost three quarters (72 percent) believing that moving jobs has helped them to get to, where they are today and 71 percent claim to have gained transferable skills through changing jobs.

Driving this strategic job hopping is the fact that seven in ten (73 percent) of 18-24 year olds believe in the idea of a ‘dream job’ compared to just 65 percent of the over 55s. This new generation of workers are also more likely to adapt their career plan if their dream job changes, with over a third of those aged 18-24 year olds claiming they would do this in comparison to just a quarter of 55-64 year olds.

See: Why Support Employee Career Progression Goals?

Making sideways moves and strategic sector-swapping is looked upon favourably by potential employers with over a third seeing applicants with broader experience as an advantage, and 84 percent believing those who have moved jobs or sectors will have gained more transferable skills.

“In a fast evolving career landscape, it’s more important than ever that young people have the right skills to succeed in the work place.  Our research reveals the rapidly changing state of career progression in the UK; the Career Ladder is dead and young people now navigate a Career Web as they move through their professional lives. Economic, societal and technological forces mean the concept of a job for life no longer exists, there will be more freelance and global working and in fact, many of the jobs that young people of today will do in the future do not even currently exist,” says Director of LifeSkills, Kirstie Mackey.

“In light of this agile working structure it’s crucial that young people learn 21st century skills like resilience, problem-solving and networking to get the most out of their working life.”

“The research from LifeSkills shows that the non-linear career path is becoming far more prevalent for the next generation. As an employer, I’m more interested in the skills and talent someone can bring to the role and having varied experience can be exceptionally valuable.”

“It’s essential that young people get to grips with the 21st century skills employers like me are looking for today – transferrable skills like networking that will lead them on the path to success as they navigate their own career paths.”

Twenty-first century skills are a set of key attributes, defined by LifeSkills, which employers are increasingly looking to see more of from workers in the ever-evolving workplace. These include being able to network and communicate successfully, showing the ability to be resilient, and take an innovative and creative approach to solving problems.

Also read: Malaysian employees value career progression over financial rewards

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