Millennials have already had as many jobs as those in their 50s
THE average millennial has clocked up as many jobs as those in their fifties have toiled at over their ENTIRE career.
A study also shows that more than half of employees polled have ditched their previous profession by the tender age of 31.
The research, commissioned by Open Study College, found that 47 per cent of millennials have completely changed careers since getting their first job.
They jumped ship to earn more money, improve their work-life balance or tackle a new challenge.
Those working in retail are most likely to have changed careers, followed by those in the banking and finance sector, public services and hospitality.
According to , which has been studying the Millennial generation for more than a decade, "anyone born between 1981 and 1996 (ages 23-38 in 2019) is considered a Millennial, and anyone born from 1997 onward is part of a new generation".
WORK-LIFE BALANCE
The OnePoll study of 2,000 adults found a job-for-life is a thing of the past, with those aged 25-34 working their way through an average of six different roles so far.
A bigger salary was the main draw for retraining.
But one-in-three were seeking a better work-life balance.
More than one-in-ten said there was too much pressure in their first career, while 17 per cent felt there were no further opportunities for them.
MORE OPTIONS
Samantha Rutter, the college's CEO, said: "It’s surprising to think millennials, who are still early on in their careers, have already had around the same number of roles as those who are nearing the end of their working life.
“There are many contributing factors, but we know thanks to the introduction of options including distance learning, it’s now much easier to take a step back and completely change careers if you feel your current one isn’t right for you."
Top 10 reasons for wanting to change jobs
- For more money
- For career progression
- To work in another location
- For a bigger challenge
- To do something less stressful
- For better training opportunities
- After being made redundant
- Not getting on with the boss
- After having children
- To change careers completely
For those trying to break into a new career, almost 30 per cent have a job on the side to gain experience to boost their CV.
Samantha added: “Changing professions can be a life-changing decision, impacting your family and much more than just your professional life.
"So, it’s no surprise to see the side hustle is becoming more popular as people experiment in a new field before taking the plunge.
“Undertaking a new training course is also a good way to test a new profession and put yourself in a much better position to move to a new career."
Top 10 reasons for wanting to change careers
- For a better salary
- For a better work-life balance
- For a new challenge
- Becoming bored in current career
- To better oneself
- There were no more opportunities in current career
- To better balance work with caring for children
- An opportunity came up couldn’t be turned down
- Better progression opportunities
- Too much stress or pressure
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