In the working-class neighborhood of East Palo Alto, before Silicon Valley’s rise, my grandparents epitomized an era when jobs offered long-term security. After retiring from the military, my grandpa went to work for Hewlett-Packard, and my grandma served as assistant to the dean at Stanford University. Both retired from their respective careers after working for several decades, with benefits that would sustain them for the remainder of their lives. Their career paths mirrored a generation’s ethos—one where staying loyal to a company meant job security and the opportunity to carve out a piece of the American Dream. While their five ‘Boomer’ children experienced more frequent job changes throughout their careers, they typically remained within the same industries, enjoying reasonable job security and building valuable expertise over time.
However, as Generation X came of age, a significant shift occurred in the employment landscape. Technological advancements and globalization ushered in an era of corporate restructuring and outsourcing. The once-reliable safety net of company loyalty began to fray, leaving GenXers rightfully skeptical about their financial futures and less invested in the idea of company loyalty. These generational trends and marketplace changes, documented across numerous studies, have led to significant shifts in societal attitudes toward careers.
For millennials and Generation Z, inheriting a labor market like none before, the concept of long-term employment and singular career paths seem far less plausible. Instead, they’re prioritizing career autonomy, gravitating towards passion-aligned pursuits. The allure of freelancing, side hustling, and digital nomadism has created a thriving gig economy as younger generations increasingly rank fulfillment above traditional 9-to-5s. While the uncharted path offers excitement and a measure of freedom, it also poses challenges; financial instability, unpredictable income, inadequate access to affordable healthcare, and a lack of long-term security are among them.
There’s also a FOMO component for millennials and Gen Z. Bombarded with images of entrepreneurial success on social media, societal pressure to find and pursue one’s passion can make others feel inadequate.The allure of passion-driven pursuits and entrepreneurial endeavors may dominate the conversation, but ain’t nothing wrong with a good old fashioned job.
Not everyone is looking to their career for personal fulfillment; for many, a paycheck and stability will do just fine. While the days of fifty-year retirements from companies are likely long gone, for those interested in more traditional career trajectories, here is some practical guidance for carving a more conventional path in today’s labor market:
Embrace Career Exploration
Get uncomfortable. Embracing instability is an essential step toward achieving career stability. Being open to taking on diverse roles, even one’s you may not initially love, are usually worth the gained exposure. Many companies offer rotational programs allowing employees to gain experience in different areas helping identify where skills and interests most effectively align.
Prioritize Skill Development
Take the course, gain the certification — if your job offers it, take full advantage, even if you don’t need it right now. You won’t likely spend your career at one company, but it’s important to gain all you can from each. The more you know, the more valuable you are to your next employer. Be a continuous learner; invest in developing new skills and competencies by taking online courses, attending workshops, or seeking mentorship opportunities.
Stay Resilient
The corporate route requires resilience. Working within systems comes with systemic challenges, and barriers are multiplied for those of marginalized identities. It’s not right, but it’s reality. You’re going to need to develop endurance, and unfortunately, there are no shortcuts here. Resilience is a muscle developed through experience. Adopting healthy mental health practices, seeking mentorship, and finding fulfillment outside of work will help. Recognize that setbacks and challenges are a normal part of the career journey.
Network Strategically
Build and maintain professional relationships within your industry or desired field. Attend industry events, join professional organizations, and utilize online platforms like LinkedIn to connect with professionals who can offer insights and opportunities.
Explore Company Culture
When evaluating job opportunities, consider the company’s culture and values. Look for organizations aligning with your values and offering a supportive and inclusive work environment.
Advocate for Your Growth
Take ownership of your career development by actively seeking out opportunities for growth and advancement within your current organization. Communicate your career goals with your manager and explore options for additional training or advancement opportunities.
Seek Mentorship
Look for mentors who can provide guidance and support as you navigate your career path. A mentor can offer valuable advice, share their experiences, and help you make informed decisions about your career.
Invest in Financial Wellness
Investing in financial wellness is crucial for long-term stability. Start by creating a detailed budget to track income and expenses and establish an emergency fund to cover unexpected costs. Develop a plan to manage and pay off debt while setting specific savings goals, such as homeownership or retirement. Explore investment options to grow wealth over time, diversifying your portfolio to mitigate risk. Continuously educate yourself about personal finance topics to make informed decisions.
To be clear, financial security isn’t achieved overnight. It takes time, and there will be setbacks. Few things go exactly to plan, but by taking proactive steps to manage your finances, you can build a solid foundation for a secure financial future.
Remember Your Values
When making career decisions, stay true to your values and priorities. Choose opportunities that most align with who you are. You’re going to spend most of your day within the confines of a job, so to the extent possible, you want to make sure it’s a fit.
Ultimately, whether to pursue a traditional 9-to-5 job or embrace a non-traditional career path is a matter of preference. There are pros and cons on either side. While some may thrive in a corporate environment, others may find fulfillment in freelancing, entrepreneurship, or remote work. The key is to assess your skills, interests, and priorities and make informed decisions about the best path forward for you.