Why Millennials Have Become The Dominant Force in an Ever-Changing Job Market?


This article was written by Angela Baker, a self-driven specialist who is currently working as a freelance writer.

The millennial generation, which ranges from 1882 to 2004, is now between 35 to 13 years old. That means they’re not just one of the most important parts of the job market today. But will be for some time to come as they mature and take on ever more important positions. They’re going to take over all sorts of top-level positions all over the sector.

Millennials Are Now the Largest Labor Force

They the biggest section of the workforce now, as shown on the graph above by Pew Research Center.

In addition, they’re the best equipped to take advantage of the newest technologies. And that makes sense. After all, the younger generations find it easier to adapt to what comes out into the market than those who have been around a while, due to their increased flexibility.

It’s not just that, either. The world place has dramatically changed over the last decades. We move around far more often between different positions, jobs, and companies. This has led some to accuse the millennial generation of being selfish, entitled and disloyal. Of course, that’s hardly fair.

Millennials are naturally reacting to a workplace environment that is changing rapidly and constantly.

And it’s good for them.

What’s more, the more positions millennials hold, the more skills they’re actually going to have. Quite often people who did the same jobs day in and day out have stagnated in their growth and their abilities.

Those people who continuously take on new challenges and learn new things not only have more skills, but it also keeps them mentally flexible and leads to greater brain plasticity. This means that they’re going to find it easier to adapt even within a job and a company as the requirements change.

Even better, they’ll be able to learn new skills and abilities even when they’re older. This means they’ll stay valuable to companies later in life. Which, with the ever rising age of retirement around the world, is most certainly something that is important to them and to businesses.

It also means they’re changing our relationship with jobs.

Saying 'No' at Work: Why, When and How to Do It Nicely letsreachsuccess.com infographic

In previous decades the ball was firmly in the company’s court. And it showed. Most jobs and offices had little to no opportunities for people to relax, build up relationships with colleagues or even visually pleasing dimensions.

Nowadays, companies are dramatically different. In order to retain their employees a lot of companies have dramatically reconsidered how the work environment should be.

They’ve worked hard to create a space that people actually like to be in, whether it be in the Googleplex or in companies that write the best research papers. They also offer all sorts of refreshments, opportunities to interact and other ways that people can enjoy their workplace.

A lot of employees in modern companies are far happier than they were previously.

And this has had some unexpected benefits, including significant boosts in productivity and creativity.

Now, all sorts of experiments are going on in what kinds of relationships there should be between workers and companies. And that all started because of how millennials look at the work place, as well as how millennials are hiring their peers.

More people are finding themselves.

As an added bonus, the fact that millennials are not settling down in one career that they’ll continue to do for their whole lives means that many people are able to keep looking for what truly motivates them for years longer than previous.

After all, people were expected to know what they wanted to do when they were fresh out of school and that was that.

For some of us, this was fantastic. We knew what we wanted. But for most of us, it wasn’t so easy. We didn’t know. We needed much more time to find our way. Unfortunately, that wasn’t available to us.

Now it is. And that means there is more time for people to find out what they’re actually good at. Of course, some people take it too far. They switch when the going gets tough and therefore never get going – but then everything has its downside.

And the upside, of having a generation find its way through to a job that gives them fulfillment, is a big one indeed.  

We ain’t seen nothing yet.

As the millennial generation continues to grow in importance and confidence, we should see further transformations in the workforce which we can’t even imagine now. That’s because many of the millennials have yet to enter the workplace or have only just begun. They’re going to work out new ways to interact with their companies.

Another force that’s going to lead to all sorts of changes is obviously the technological innovations going on. This will allow us to reconsider how and where the work environment should be.

So not only has the millennial become the dominant force in the modern workforce. Their influence (and the change they will wreak) will without doubt grow for at least a decade more.

I wonder what their future will bring?

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Becoming an Online Merchant: 4 Tips to Find the Perfect Product to Sell

Becoming an Online Merchant: 4 Tips to Find the Perfect Product to Sell

E-commerce is a booming industry and will only continue to grow in the coming years. That’s why it’s not so surprising that there are plenty of people who want even just a small slice of the proverbial pie.

But whether or not you are looking to establish a full-blown online store or would simply want to supplement your income by buying and selling items on the side, you have to pick a product to sell that would, well, sell.

With the right marketing strategy, one can argue that anything and everything can be sold online. However, the real challenge is finding a product that is conducive to success. How do you find that product? Here are a few pointers.

Finding The Ideal Product to Sell

1. Target Hobbyists and Collectors

You’ll be surprised by just how much money hobbyists and collectors are willing to spend to fuel their passions.

If you have a knack for finding rare items, you’ll be a big hit with collectors. Whether they’re interested in action figures and toys, lapel pins, first edition books, stickers, sports cards, or even antique dinnerware. Just make sure that everything is legitimate.

Meanwhile, there is no shortage of hobbies on which people willingly invest their time and money.

Some of the more popular ones include biking, fishing, knitting and crocheting, calligraphy, model building (including radio-controlled vehicles), and handicrafts. Look for a leisure pursuit where you can act as the product-based solution and you’ll easily enamor yourself to these customers.

2. Something Hard to Find or Can’t be Bought Locally

There are some things that can be easily found in a local grocery store or a specialty shop — say gardening or baking supplies. But what about specialty foods, magician’s accessories, eco-friendly products, and fandom items?

Most likely, people will go online to find these. You can enlist the help of Google Trends and Google Keyword Tool to get a glimpse of what kinds of products people are searching for online and use the results as a guide to pick a niche product to sell.

You can also try to sell products that can’t be bought or difficult to procure locally, like Japanese Kitkats, the “three-story” alfajor Oreos, or Asian beauty products. The latter, in particular, is a good place to start since a lot of products are only available in select countries or regions but are available through wholesale Asian cosmetics websites. Do the hard work of sourcing these products (and offer them at reasonable prices) and see just how much your customers will love you.

3. Star with The Accessories Before The Big-Ticket Items

When people buy big-ticket items such as 4K TVs, high-end smartphones, and gaming laptops, they buy them only once. Their next purchase of these kinds of products will probably be in the next two to three years.

These are big investments, after all, and people are much more reluctant to spend huge amounts so often. However, accessories are much more common purchases and people are relatively more agreeable to spending more often on these items. Especially when they’re meant to increase the performance or ensure the longer life of the bigger product.

Think about HDMI cables and switchers for TVs, charging cables and power banks as well as cases and protectors for smartphones, and gaming accessories like a mouse, a keyboard, and a good pair of headphones.

If you already sell the big-ticket items, then it’s a wise decision to add the accessories to your online catalog. If you’ve yet to choose what to sell on your online shop and/or you have a limited capital, you should consider selling these kinds of accessories first.

4. Consumables Mean Customers That Keep Coming Back

Consumables mean that you will have a steady customer base and a rather reliable revenue stream. What’s more, when people need to order products from you regularly, it’s much easier to build a loyal customer base.

Think about specialty cooking ingredients (Himalayan pink salt, anyone?), supplies for arts and crafts, and even cosmetics. Just make sure you’re able to deliver each and every time, since you don’t know when your customers will run out of their stock or order in bulk in advance.

Of course, choosing which product to sell is just one part of a thriving online business, since you should also take into consideration the demand, potential competition, and reliable suppliers, among others. However, it’s also undeniable that finding a saleable item is a huge contributor to your business success. Good luck on your journey as an online entrepreneur!

If you're into ecommerce, you might be wondering what product to sell on your online store. Here are 4 great ideas that are sure to make you money and bring you loyal customers: #ecommerce #onlinestore #makemoneyonline #sidehustle