Let’s take a look at some projections made by Statistics Canada in 2008 (Some facts about the demographic and ethnocultural composition of the population-Aging-Figure 24 & 25, 2008) -
- There are potentially more people aged 55 to 64 years, who are leaving the workforce than people aged 15 to 24 years entering it.
- By the mid-2010s, people aged 45 to 64 years will comprise approximately more than 42% of the working-age population.
Proportion of persons aged 45 to 64 years in the working-age population (15 to 64 years) in Canada, 1956 to 2056
It’s apparent that the millennials need to build up on the work experience front, having acquired the education in their chosen fields, in order to take over from the baby boomer work force.
So how are they doing so far? These YouTube videos tell the story of some graduates’ plight with getting a foot in the door and how they've used social media to better their situation.
Video 1: "Millennials plug away in their chosen field and look for that ideal job online using email, Facebook and job search websites." A networking event requiring face-to-face interaction, the old school way, helped with building a network that kept this struggling graduate connected digitally leading up to an interview and a full time job in Public Relations. While a college degree is a best defence against a recession, President Barak Obama urged graduates to keep gaining new skills and new degrees, and to be prepared to adapt and take risks.
Another Architecture graduate lost his job due to the recession. His version of 'thinking outside the box' involved signing up for the military. While serving in Iraq, he took online courses towards a Masters in Exercise Science, to be a trainer, once his tour of duty was up.
(NEED TO KNOW | Generation jobless: 'Millennials' struggle with unemployment | PBS, 2010)
Videos 2 & 3:
A 25 year old Master’s Degree in Environmental Science created a vblog expressing what she has been facing in finding the job that in her field. She has since found employment the following year.
A 25 year old Master’s Degree in Environmental Science created a vblog expressing what she has been facing in finding the job that in her field. She has since found employment the following year.
(I Am Over-Educated and Unemployed, 2011)
(I Am No Longer Over-educated and Unemployed, 2012)
Videos 4, 5 & 6:
- Straddled with student debt for expensive university tuition
- Low credit scores
- Moving back home to manage poor cash flow
- Lower standard of living than their parents
- Less career satisfaction than that of their parents
Video 4:
(Student fears in 'jobless America', 2010)
Video 5: This graduate, in addition to being straddled with student loan debt, spends hours everyday filling applications and browsing the internet (job websites) for a job.
(American college grads can't buy a job, 2010)
Video 6: When credit scores fall, getting a job becomes harder. Companies looking to hire Millennials check their credit scores online.
(Student debt bubble about to explode, 2010)
It is evident that the plight of the youth unemployment is escalating and something needs to be done to keep their degrees effective while they are seeking employment, and skill set (those that have it) current.
Here, the Government of Ontario, along with the Ontario Public Service (OPS) has, as recent as January 2014, re-launched their 2013 campaign to help people under 30 with employment opportunities, building skills or starting their own business. It’s called “Ready.Set.Work.” (Ready.Set.Work, 2014).
Here, the Government of Ontario, along with the Ontario Public Service (OPS) has, as recent as January 2014, re-launched their 2013 campaign to help people under 30 with employment opportunities, building skills or starting their own business. It’s called “Ready.Set.Work.” (Ready.Set.Work, 2014).
The service specifically offers paid internships with the government, to gain hands-on experience in the field, gain mentorships and networking connections that would bode well in their future, career development and coaching.
The program also includes partnering with industries, institutions and not-for-profits with an impactful strategic plan (Making an Impact: Youths Job Strategy, 2013).
They can be followed via their Facebook page, Twitter account and YouTube channel.
So, circling back, it is a known fact that our aging workforce will be retiring within the next 2-3 decades. In this economic turmoil and uncertainty, the millennials' employment scene is bleak, but will improve with time as jobs become available with retiring Baby Boomers. Not expecting them to while away the time waiting, the unemployed Generation Y can avail OPS plans to successfully connect them with their aspiring career jobs.
The program also includes partnering with industries, institutions and not-for-profits with an impactful strategic plan (Making an Impact: Youths Job Strategy, 2013).
They can be followed via their Facebook page, Twitter account and YouTube channel.
So, circling back, it is a known fact that our aging workforce will be retiring within the next 2-3 decades. In this economic turmoil and uncertainty, the millennials' employment scene is bleak, but will improve with time as jobs become available with retiring Baby Boomers. Not expecting them to while away the time waiting, the unemployed Generation Y can avail OPS plans to successfully connect them with their aspiring career jobs.
Updated March 24, 2014
References:
Some facts about the demographic and ethnocultural
composition of the population-Aging-Figure 24 & 25. (2008, January 25). Retrieved from Statistics
Canada: http://www.statcan.gc.ca/pub/91-003-x/2007001/4129904-eng.htm
American college grads can't buy a job. (2010, January 15). Retrieved from YouTube:
http://www.youtube.com/watch?v=UDqboEt1tx0
NEED TO KNOW | Generation jobless: 'Millennials'
struggle with unemployment | PBS.
(2010, October 12). Retrieved from YouTube: http://www.youtube.com/watch?v=OLlrn3_G1ZQ
Student debt bubble about to explode. (2010, September 3). Retrieved from YouTube:
http://www.youtube.com/watch?v=gAQBMRhVedI
Student fears in 'jobless America'. (2010, April 2). Retrieved from YouTube:
http://www.youtube.com/watch?v=ealPpxAV9zA
I Am Over-Educated and Unemployed. (2011, October 1). Retrieved from YouTube:
http://www.youtube.com/watch?v=HIVAj5LW7QA
I Am No Longer Over-educated and Unemployed. (2012, May 16). Retrieved from YouTube:
http://www.youtube.com/watch?v=1DI6sd9Ahzk
Making an Impact: Youths Job Strategy. (2013, October). Retrieved from Government of
Ontario:
https://www.ontario.ca/jobs-and-employment/making-impact-youth-jobs-strategy
Ready.Set.Work. (2014, January 13). Retrieved from Government of Ontario:
http://www.ontario.ca/jobs-and-employment/employment-programs-people-under-30

