I’ve written in the past about how college kids are looking for one thing out of college, becoming rich. Many say that’s their career goal. At least according to quite a few studies I came across.
So, I was happy to read the results of a new survey that actually shows the opposite.
The study by accounting firm KPMG of nearly 2500 college students who were business majors found:
57 percent said that career opportunities would be their primary consideration when choosing an employer, followed by 22 percent who said work/life balance. Only 12 percent felt that the salary and benefits package would be their primary consideration.
And while many (53 percent) respondents only expect to stay at their first job for three to five years, the survey found that students largely have a ‘wait and see’ attitude. An overwhelming number (74 percent) responded “maybe” when asked if changing jobs is necessary for career opportunities.
“While there is no doubt that companies need to think of quality of life issues when trying to attract new recruits, ‘millennials’ want jobs that help them build a career and create opportunities for the future,” said Manny Fernandez, KPMG’s National Managing Partner – Campus Recruiting. “After accepting an offer, new recruits look at the career value proposition and employers must offer a rewarding career path to retain new hires.”
This idea is based on what was once a simple theory — paying dues in order to climb the ladder of success.
I know, the idea of paying dues is so old school. But folks, that’s typically the way a person rises in their career. It also gives you a chance to figure out if you really like your chosen career path, or if you really like the industry or organization you’ve found yourself in.
I include a whole chapter in my book about how many of the nation’s top CEOs paid their dues.
Here’s one story I thought was a great lesson learned:
William D. Novelli, CEO of the AARP
When Bill Novelli was in college he read a book by David Ogilvy called “Confessions of an Advertising Man”, a book he says basically espoused the theory that “if you want to sell gasoline, from a marketing standpoint, you have to go out and pump gas.” Understanding and accepting that concept served Novelli well when he was struggling to pay his dues.“I was hired with a bunch of other Ivy Leaguers to go into the big detergent emporium, Unilever. In order to go into marketing, I had to go through sales training first. In those days, it was 1964, you had to pay your dues,” he explains.
The indignities he faced as a salesman sometimes made him question his resolve. At Grand Union supermarket in his territory, he had to deal with a store manager that had a reputation for being nasty. “He would throw salesmen out of the store at the drop of a hat. At one point, he told me I was persona non grata,” he recalls, angry with Novelli for reasons he still can’t explain. “This was a big store in my territory and I couldn’t be kicked out,” he says. “I told him I wasn’t really a salesman and he said, ‘oh yeah, what are you then.’ I told him, ‘I’m a marketing trainee and that I thought you’d make a great teacher.’ He said, ‘okay, I’ll teach you retail. The first think you can do is build a big end aisle display with 25 cases of Nabisco crackers.’ So there I am building it and I hear my boss come up behind me. He was a regional sales manager. He said, ‘what the hell are you doing?’ I explained the situation. He said, ‘are you aware that’s not our product?’ I told him I had a strategy and finished the display. My boss thought I was nuts but from then on I had the grudging acceptance of the store manager. It did teach me humility.”
Ah, humility. When was the last time you heard that word?
November 29th, 2007 at 5:51 pm
Hey Eve:
I think Novelli did need to pay dues in 1964. It was a basic necessity to getting ahead then. I also think this generation sees things differently. They take a look at downsizing and layoffs their parents who paid their dues experienced and think I’ll go with the flow.
When you add to that the near constant media buzz about worker shortages as soon as the baby boom retires, (and possibly they are hanging on so they don’t go broke while paying for the college education of those surveyed) and companies swooning over the tech savvy of the newly minted graduates, (who else creates Facebook and MySpace) is it any wonder that the concept of humility may be outdated?
Not everybody is looking to make a quick buck though. Some kids are still embracing the liberal arts, giving business a wide berth while they “find themselves.” Some concepts never go out of style.
Amy
November 29th, 2007 at 8:21 pm
i don’t think paying dues is selling out to a corporation.
how do we learn to become good at writing, reporting? by paying dues.
we don’t just drop out of the womb knowing these things. we have to learn these things. by trial and error. by screwing up big time. by getting some obnoxious editor a cup of coffee.
it all goes into the education file, no?
November 30th, 2007 at 4:06 pm
‘He who makes no mistakes does nothing’…so said Peter Drucker to whom we can thank the management styles of such corporations as The Home Depot, United Parcel Service and Cable News Network. There are countless others. To this day I have it imbedded in my memory the mantra of all business everywhere…’You are in business to create and maintain customers’..author unknown. The secrets of people who have such tremendous wealth are often right in front of us. Think of it this way…if you have nothing to do except spend money with no intent of earning money for yourself or your corporation…you will eventually deplete it. Oddly, any one of us could be adept at spending, and very few are adept at actually increasing that initial capitol. Ivy leaguer or high school drop-out…is there much of a difference?
December 4th, 2007 at 6:32 pm
I’ve worked with a lot of college students and I see them all working very, very hard. They take their classes, hold a job, volunteer, etc. I’ve seen a couple of slackers, to be sure, but I went to school with plenty of those people decades ago myself. Anyone who thinks America’s youth are worthless hasn’t seen the kids I know leave for Africa to work in the Peace Corps or put in two years with other relief agencies. Paying their dues? I’d say many of them are paying them…and more.
Anita Bruzzese
www.45things.com
December 5th, 2007 at 11:01 am
That’s great to hear Anita! Maybe it’s just the college kids I’ve been exposed to lately. I knew there were a lot of great, hard-working ones out there.