Most millennials have avoided changing their career – despite being dissatisfied – because of worries they won’t succeed, a new study shows. More than half (53 per cent) of millennials – those born between 1980 and 1999 – have always worked in the same job sector, according to research by education charity Teach First.
A third (33 per cent) of respondents said they were put off a career change because they would have to start at entry level, and a similar number (32 per cent) said they were scared a change wouldn’t work out. A quarter (24 per cent) said they wouldn’t switch careers because retraining would cost too much.
The charity says the findings go against the stereotype of the ‘footloose’ millennial constantly switching careers rather than opting for a ‘job for life’. “While many in the millennial generation ponder a career change, they’re discouraged by the risk of making that bold leap from daydream to reality,” says Russell Hobby, CEO of Teach First. “The cost of retraining and the fear of failure are common reasons preventing this generation – like those before them – from changing careers.”
Alarmingly, the survey also revealed that a third of millennials (32 per cent) found their current career only slightly or not at all fulfilling, and almost two-thirds (60 per cent) said they had little sense of achievement in their work.