Career Coaching for Millenials: Positive Impact on Global Economy

[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text]
Here at the-Coaching Blog-run by Gerard O’Donovan, our aim is to constantly bring value to those seeking to improve their lives. Therefore we have a policy of publishing articles and materials by guest authors whom we value and appreciate. Today’s guest author is Iulia Sorescu (Romania).
Career coaching has become one of the most required types of coaching. According to ICF Global Coaching Study from 2016, the top three reasons for hiring a coach are: finding better career opportunities – 27.6%, boost self-esteem – 40.9 % and create work-life balance – 25.7%. This may reflect the global political and economic developments. We are now facing a wide variety of career options, along with prominent levels of instability and economic downturns. We no longer have a job for life and the security of a monthly paycheck. On the other hand, we live in times of exciting opportunities. The technological changes give us the chance to make money from all over the world. Automatisation is good as well as it is bad. Career coaches are in high-demand due to this emerging need to adapt effectively and efficiently to a more complex context.
Benefits of career coaching
At an individual level, a career coach helps people leverage their strengths, increase their level of self-confidence, improve presentation and communication skills. With the support of a career coach, we learn to stand out from our competition and attract the employers’ attention on us. Additionally, a career coach will support us in finding our way. Getting to listen to our internal voice would make it easier for us to look for a suitable job and get it more easily.
Globally, career coaching can also have a beneficial impact, especially for the economy. It can prove a prerequisite for economic growth. When used both at an individual level and at an organisational level, career coaching improves work performance and engagement. Therefore, it gives back to the society more performance citizens.
A special subcategory of career coaching, which will lead to the most positive impact on the economy is career coaching for Millennials. A special focus should be given to this generation, as it is the biggest workforce in the world. The Millennials are those born between 1980 and 2000, thus everyone between 17 and 37 years old. The Millennial population is projected to peak in 2036 at 81.1 million, only in the United States. Not only do they represent a large loop of clients for coaches, but they request special attention because their common characteristics.
Career coaching for Millennials
The Millennials, even though considered narcissistic, lazy and more prone to job-hoops, are also very creative, flexible and open to opportunities. They are value-oriented and their priorities changed, in comparison with the baby boomers. According to a Gallup study from 2016, they don’t work for a paycheck, but for a purpose. Instead of pursuing financial satisfaction, they look for self-development. Therefore, they place more importance on training and mentoring. They value a manager who gives them feedback and constantly communicates with them. In addition, they want to develop their strengths: “Gallup has discovered that weakness never develop into strengths, while strengths develop infinitely”.
They need a career coach, as well as a company needs one – in order to adapt to these needs and learn how to meet this generation’s expectations. In the end, everyone will benefit. Why? First, because it will decrease the job-hoop. According to the same Gallup study, 21% of the Millennials changed jobs within the last year. “The Millennial turnover costs the US economy $30.5 billion annually. If Millennials cannot find good jobs, the economy will continue to lag. If they are not engaged in those jobs, companies’ profitability, productivity and innovation will suffer. And if they are not thriving in their well-being, they will struggle in life, affecting how they perform as citizens, consumers and employees” (Gallup – How Millennials Want to Work and Live, 2016).
What can career coaching do for this generation and its employers?
While there are no exact estimates of the economic impact of career coaching, it can positively contribute to help Millennials find jobs, so that the economy will not lag anymore. Having individuals better prepared to face today’s challenges would naturally lead to a lower unemployment rate. The current percent of Millennials engaged at work is 29%. “The millennial workforce is predominantly checked-out, not putting energy or passion into their jobs”. Imagine how 50% or up can do for the profitability of a company and thus for the wealth of a nation.
A career coach can assist Millennials in finding the proper job, one that doesn’t need to be changed right away. Also, the career coach will help them strengthen their abilities and make them more engaged at work. In the same time, an employer can benefit from a career coach. This is because a career coach knows better the needs of the actual workforce and can assist the employer in adapting the job openings to this generation’s expectations.
Career coaches are already adapting to the Millennial market. The ICF reported that 23% of practitioner coaches claimed to have Millennials as their consumers. It is said that there are 14.4% clients between 25-35 years and 10% between 15-25, in 2015. There were no such data in the previous studies.
Conclusion
The common perception is that the individuals looking for a job should be prepared with the skills and know-how. Generally, they are the one that should adapt to the labour-market. But what if the labour-market should adapt as well? Considering the Millennials represent the vast majority of the workforce and that in the future, it will totally replace the baby boomers, some changes should be made from both directions. In this sense, a career coach can prove the best option.
About Iulia Sorescu
Life vision & enhancement coach with a passion for combining coaching with visual arts techniques. Iulia offers life coaching for highflier Millennials to transform their dreams into reality. The combination between goals setting and self-esteem boost with visual arts is a perfect fit to keep them motivated and inspired. Using creative tools in her practice, she makes sure that the process of self-discovery is appealing and engaging.
[/fusion_text][fusion_code]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[/fusion_code][fusion_pricing_table type=”2″ backgroundcolor=”” background_color_hover=”” bordercolor=”” dividercolor=”” heading_color_style_1=”” heading_color_style_2=”” pricing_color=”” body_text_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” columns=”2″][fusion_pricing_column title=”SPONSORED BLOG POSTS” standout=”yes”][fusion_pricing_price currency=”” currency_position=”left” price=”£65.00″ time=”one-off fee” ][/fusion_pricing_price][fusion_pricing_row]For a one-off fee, you are able to submit your own post on the worlds’ largest coaching blog. [/fusion_pricing_row][fusion_pricing_footer][fusion_button link=”http://www.coaching-blog.com/contacts/” title=”Sign Up” target=”_self” alignment=”” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” color=”default” button_gradient_top_color=”” button_gradient_bottom_color=”” button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”” bevel_color=”” border_width=”” size=”” stretch=”default” shape=”” icon=”” icon_position=”left” icon_divider=”no” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Contact Us[/fusion_button][/fusion_pricing_footer][/fusion_pricing_column][fusion_pricing_column title=”WEBSITE ADVERTISING” standout=”yes”][fusion_pricing_price currency=”” currency_position=”left” price=”£250.00″ time=”three month slot” ][/fusion_pricing_price][fusion_pricing_row]Above the fold rotating banner/box. Price is for a 3 month slot.[/fusion_pricing_row][fusion_pricing_footer][fusion_button link=”http://www.coaching-blog.com/contacts/” title=”Sign Up” target=”_self” alignment=”” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” color=”default” button_gradient_top_color=”” button_gradient_bottom_color=”” button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”” bevel_color=”” border_width=”” size=”” stretch=”default” shape=”” icon=”” icon_position=”left” icon_divider=”no” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Contact Us[/fusion_button][/fusion_pricing_footer][/fusion_pricing_column][/fusion_pricing_table][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Comments

mood_bad
  • No comments yet.
  • Add a comment