The Importance of Career Planning in a Crummy Economy






This is a presentation I gave last week to High School students at the Wells County Career Expo. It was featured on SlideShare as one of their daily featured presentations.

Will Millennials be Better off than their Parents?

Every generation has the same pressure; to do better than their parents did. We place expectations about job security, financial success, and multiple other factors on up and coming generations. For Millennials, who started with these same expectations, the ability to do better than their parents may not be within their reach.

Things Looked Bright…Until the Recession
Leading up to the recession, Millennials had high hopes, big dreams, and huge expectations. As they entered the workforce, they made ripples that created interesting perceptions about their generation, some of which are probably true, many of which are not. Of course, it wasn’t just their expectations of themselves that were high; we had high expectations about their success.

Their generation has been like no other. Highly entrepreneurial, we saw many of them starting their own businesses and finding a great deal of success. Their sense of community and volunteerism is unmatched. Times were good for the early Millennials.

Then the recession hit. Deemed one of the worst financial crises since the Great Depression, young adults have been hit the hardest by the Recession. 18-25 year olds have the highest rate of unemployment. 1/3 are underemployed. Many have moved back home with their parents. Research indicates that a large number of them are delaying adulthood activities like buying a house, getting married, and starting a family. While the cultural implications of the recession will be unknown for many years to come, the financial impact has had a detrimental impact on young adults trying to get their careers off the ground.

Years of Recovery
What may be the most unfortunate side effect of the recession for Millennials is the amount of time it may take many of them to recover financially from it. Lower starting salaries can often take decades to overcome, and for those Millennials taking any job they can get; their careers may never fully recover. Even those Millennials who were lucky enough to get jobs at the beginning of the recession aren’t making much more money now then when they started. The financial impact of this may be felt for many years to come as Millennials work to pay off debt with little left over to save for retirement.

One of the biggest problems for Millennials in this economy is they are no longer competing against other young adults for entry level positions. They are competing against professionals with far more experience who are willing to take any position just to keep food on the table. For a young person straight out of college with very little experience, the prospects may seem very grim, and for those who by-pass college altogether, well the question is, what prospects?

No Easy Answer
I wish I had an answer for this problem. I think the issues with the economy are much bigger than I can solve in a one page monthly article. What I do know though, is we need these young people in our workforce. Eventually Baby Boomers will retire, even if they don’t want to. If no plan is place to get young adults into a company and get them trained, the problems of the recession may grow even bigger.

I truly believe our business community needs to be involved now with our colleges and high schools to help students be prepared for the workforce. That means getting students immersed in organizations throughout Northeast Indiana. If local organizations are not working actively with educators to provide young people with skills to help them be successful, then we will continue to see young adults struggling in this economy.

So how can you help? Offer an internship, externship, job shadow, or class tour at your company. Volunteer to speak at local high schools and colleges. Get involved with local Career Services offices for mock interviewing, professional skills training, and other events. Connecting now may help you get your next superstar in the future! For more details on how to get involved with our local high schools and colleges, contact me at jfisher@fwchamber.org.

We have an opportunity to make a difference here but it takes all of us willing to step up to create change!

Follow me on Twitter for more information about this topic and others. www.twitter.com/jenfisherfw

Don’t Get “Spooked Off” By a Bad Intern Experience

Really, I get it. Not everyone has a stellar experience with their intern. Sometimes, you just don’t get the right person in the right position. It happens to everyone and I would be lying if I told you it will never happen to you. My hope is that the majority of your experiences with interns will be positive but for those times when it is not, there are some things you can do to help manage or avoid a bad experience again.

The Bad Intern (well not really that bad)
Now I’m pretty sure your worst experience with an intern isn’t to the level of a horror movie. No little “Jason’s” running around with masks on ready to chop people up into little pieces. If you’ve had that experience, let’s get together and write a book, which turns into a movie, and we’ll make millions of dollars together.

Typically, the normal story I hear about interns starts with, “our intern is just ____________”. Insert whatever you want there with a sigh on the end. Problems arise when you’re dealing with a new person who may or may not have the type of professional skills you are used to interacting with. Of course, we’ve already talked about how different generations view work and workplace etiquette on sometimes opposite sides of the spectrum which naturally causes conflicts.

Well, we’ll start here. I’d like to share a story with you of one supervisor who had a bad experience with his intern.

“Jeff” (names have been changed to protect those involved) was a younger supervisor who was new to the organization but very eager to have an intern. He went through the interview process and hired what he believed would be a rock-star intern. At first, everything seemed to go well and the intern exceeded his expectations. Very soon however, problems began to arise. The student started showing up late, seemed to have a more relaxed dress code approach, and Jeff felt like she didn’t respect him. As Jeff and I sat and talked about the problems he was having, I realized that this was a familiar scenario that I had heard others speak about. I probed a little deeper to get to some of the reasons for the change in behavior and a few things started to make sense.

It doesn’t have to be a blood bath
By no means is Jeff’s story the worst I’ve ever heard, but it’s a familiar one I hear occasionally from employers. Inevitably there comes a point when employers get an intern who doesn’t work up to their expectations. Sometimes it’s just that the student wasn’t ready for the internship or lacks the maturity to be in a professional environment. Sometimes, the intern isn’t a bad person, just not a very good fit for the job or the organization. And sometimes, it isn’t really the intern that’s bad; they’ve just picked up bad habits from other employees. I’d like to focus on this last one just for a second.

Let’s go back to our earlier story about Jeff. After talking to him, I learned that Jeff had initially created a very relaxed environment in the way he treated his intern. While attempting to be a good supervisor, he blurred the lines for the intern who thought they had become friends. It wasn’t that she disrespected him but rather, she was mirroring his behavior at work. I don’t really think anyone is at fault here but there were definitely some opportunities for both to step back into a professional mode in the office environment and after a few conversations with them, that is exactly what happened.

I’ve had other situations where supervisors have been concerned with a student’s lack of professionalism and it usually doesn’t take long before you understand that the intern is just taking cues from other employees. While employers may want an intern to act a certain way, ultimately they will become what is around them. That’s not to say that this will always be the case and certainly I know that there are times when interns show up with this relaxed attitude first, but there is an opportunity to provide what I like to call “teaching moments” for your intern which can help them become a better intern for you.

If you are having problems with an intern, you have to start with a conversation with them that includes what your expectations are, what the issue is, how they can fix it, and how you’ll monitor their progress. If a young person doesn’t ever receive feedback, they can’t make things better and you will have missed an opportunity to make them better for you and for them. If you have the conversation a few times and it still doesn’t sink in, maybe it’s time to put on the hat of mentor and really discuss with your intern if the job they are doing for you is really a good fit for them in the long run. So often, young people go into a career with no real understanding of what that career involves. It may take getting some experience for them to realize it’s not for them. That’s not a failure but rather an opportunity to save themselves (or their parents) a lot of money. Don’t be afraid to have that conversation with them. It may be a relief for you both.

If none of this works, then you can fire your intern. Please don’t feel like you are stuck with a bad apple. Again, sometimes young people aren’t ready for an internship. You may actually help them mature a little by allowing them to see the consequences for poor performance or behavior. There’s nothing wrong with that at all and you should not feel guilty if you get to that point. Although, I would definitely love to see you try the other ideas before you get to the firing stage. You’d be surprised how far a little direction and mentoring can go to help an intern succeed.

In the end, having a bad intern shouldn’t deter you from getting another one. Interns are like employees. You’ll get good ones and you’ll get not so good ones, but there will be some that will come along and knock your socks off. For those interns that don’t knock your socks off…train them to be good employees and you will still win in the end!