Millennials, Here’s Why Job Titles Don’t Matter Anymore

I can’t tell you how many times my Dad used to ask me about what exactly it was again that I was doing for a living.

Coming from the “black and white” world of accounting on Wall Street, he wasn’t satisfied with my answer that didn’t fit neatly into a box like lawyer, doctor, or teacher. As the founder of an online community, I was proud of my work and wanted badly to convey to my Dad what I was up to—but he always seemed to respond with a blank stare followed by defeated resignation.

 

 

What I’m finding is that I’m not the only one having this problem. In fact, the majority of the millennials I talk to today are opting for work that’s not clearly defined.

The millennial worker today wears many hats—whether that’s copywriter, marketer, sales strategist, or bookkeeper. We’re adaptive to the shifting demands of a fast-paced work environment and the skills we need to learn are often just a Google search away.

This week on the Unconventional Life Podcast, I interviewed one millennial woman who’s on the leading edge of nontraditional work and thriving.

Meet Tash Price, the business developer and manager of Engine House VFX, an award-winning UK-based 2-D, 3-D, CGI and VFX animation studio who has served clientele like BBC and Sony. Engine House VFX covers a wide range of projects within advertising, gaming, architectural visualization and film. Their work has been featured online, on TV, at events, and in films and games.

“You’ll get into the conversation of what you do for a living and you’ll say animation and people can’t quite seem to grasp it. They’ll quickly move on and they seem confused by it because it’s not the standard job role,” Price says.

But according to Price, the conversation doesn’t have to stop there. Rather than moving on, you can educate others about what you do in a way that promotes connection and redefines what it means to work in the 21st century.

I spoke with a number of other millennials who are finding fulfillment in nontraditional job roles, and here’s what they had to say:

  • Job Titles Don’t Reflect Lifestyle. In the past, jobs were much less integrated than they are today. Going to work meant punching in a time card at on office for a designated number of hours. Today, technology enables millennials to work seamlessly from their devices so that being “on” and “off” the clock is less rigid and more fused with lifestyle.
  • • Eric Termuende, an entrepreneur, speaker, and the author of Rethink Work, says, “With the capabilities of technology increasing so quickly, the ability to work from more places, using more devices, longer hours every day makes the job less about the seemingly limited title, and more about the holistic experience. In many cases, the title doesn’t encompass the life Millennials are living as a result of the job (or jobs) they are doing.”

Price’s animation studio is embodying this new “integrated” work model. ”Instead of having hundreds of people sitting behind a cubicle we have a small core team and we work with lots of freelancers who are based all over the world. It means everyone gets the lifestyle they want and we can hand-pick the artists we want for the job. We’ve got people working in Turkey, Sweden, Iran, the US, the Netherlands, Japan,” she says.

  • Job Titles Act As Constraints. Today’s millennial workers may have bigger ambitions than previous generations. Just a few decades ago, only a marginal percent of American workers held a college degree, and the majority of women preferred to stay at home.

As millennials tackle a host of global issues, both men and women are rising to the occasion with a shift towards businesses that do social justice. 92% of millennials believe businesses should be measured by more than profit. Undra Robinson, a millennial entrepreneur, says “Millennials believe our potential in life is limitless and want to change the world, and job titles only add constraints. They are polar opposites.”

Millennials Aren’t Motivated By Job Titles.

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money

 

Wage growth is accelerating in several key industries, foreshadowing stronger gains across the economy, experts say.

Pay hikes have picked up in sectors such as leisure and hospitality, business services, construction and retail, Labor Department figures show.

“There is evidence that a cyclical upturn in wage growth is underway,” says economist Paul Dales of Capital Economics.

Despite monthly job growth that has surged well over 200,000 this year, average annual wage gains remain stuck at 2% — barely enough to keep pace with inflation.

Employers’ failure to provide bigger raises has crimped consumer spending, which makes up 70% of the economy.

But there are mounting signs that pay hikes are poised to gain momentum in the second half of the year, Dales and other economists say. Wages in leisure and hospitality were up 2.7% in June from a year ago, vs. a 0.6% annual increase in June 2013.

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4 ways to increase your salary potential

How much money do you earn each year? As of 2013, Labor Statistics report the median annual earnings for someone with less than a high school diploma at $24,544, while someone with a professional degree earned $89,128. Everyone else fell somewhere in between.

  • High school diploma holders: $33,852
  • Associate’s degree holders: $40,404
  • Bachelor’s degree holders: $57,616
  • Master’s degree holders: $69,108
  • Doctoral degree holders: $84,396
  • Some college, but no degree: $37,804

Of course, we all know obtaining a degree requires a substantial amount of time and money, and these are resources that many people don’t have in excess. There are other things you can do to increase your earnings power, however, that do not necessarily require such a lengthy time commitment or a hefty financial investment.

  1. Certification; potential earnings increase of $5,000 to upward of $20,000 annually

These days, virtually everyone has basic computer skills. Most employers expect educated candidates to understand how to use Windows, operate Word, and create basic spreadsheets. You can increase your value to an employer by proving your skills through certification.

 

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