So, what is the employment outlook for young adults? The good news for college students is economic forecasts indicate 66 percent of jobs in 2018 will require a post-secondary degree. The tough news is industry needs specific skills to go along with the diploma, so a degree with no industry experience makes it difficult to land a job within a specific degree area.
In the 1980s, industry hired large groups of recent college graduates with very little work experience and invested in three- to six-month training programs that prepared young hires to hit the ground running. In return for this investment, the expectation was that employees would stay with the organization 10 to 20 years as they aspired to climb the corporate ladder. Times have changed in an era with tight corporate budgets. Managers now realize it is not a wise investment of resources to train a millennial employee who only stays 18 to 36 months before moving on to a new company. So how can colleges and industry more wisely prepare the millennial for the world of work?