Why Millennials Suck In The Job Market

Over the past few years, millennials have been complaining about the fact that they’re not offered jobs in the same way that their parents were once they had graduated from college. The reasons for this are many. They have to do with the stagnation of the economy, the fact that there are more graduates and the fact that globalization has meant that many of the best jobs have gone overseas. However, many Millennials are in denial about the fact that the generation itself is partly to blame.

The problem with millennials is that they are fundamentally anti-work. This isn’t their fault entirely: it comes from decades of public sector education which has taught them that people who run businesses are fundamentally evil. But this argument has kind of slipped into their unconscious and so even millennials who want to get a job with an employer are often difficult to manage.

This is good news, however, for millennials who get things right. The rest of the generation is essentially competing with a handicap, meaning that good candidates are often able to quickly rise to the top and get ahead in their careers.

Here are some of the ways millennials suck in the job market and what to do about it.

Failing To Show Gratitude

Did you know that gratitude is good for you? It turns out that the people who show the greatest gratitude are usually the happiest with their lives. It’s also good when it comes to your career. People want to work with individuals who are genuinely grateful for the help they receive in the office, even if it only seems like a minor thing. Make a habit of saying thank you for all the little ways in which people help you. Even sending a postcard can be a great way to get ahead.

Failing To Understand That Job Interviews Work Both Ways

Millennials have another problem: they’re taught from a young age that there always has to be somebody with authority in the room. But this isn’t the way the voluntary world of business works. As this post points out, jobs are a two-way street where both parties are finding out whether the job is a good deal. Employers want to know whether a candidate can really add value and candidates want to know whether this is the right employer or whether they should choose another. Millennials need to get used to the idea that the job interview is an opportunity to make sure that the company is the right place for them. After all, they’re going to be there for 35-plus hours a week.

Failing To Be Confident

There’s a crisis of confidence in the millennial generation: nobody can deny it. But to actually make it in the workplace, you have to be able to wing it at times. Often there will be situations where there is no obvious answer, and you have to improvise. Though these situations can be difficult, they’re a good way to make sure that other people have confidence in you.

Refine YOUR Approach to Business

Is your business as strong as it can be? If it’s not then you’ve probably racked your brains on how to strengthen it. You’ve probably taken action on trying to strengthen it too. You may have tweaked your marketing campaigns. You could have made changes to your prices. You might very well have even hired more employees. But sometimes the biggest action you can take is looking at your own performance. Sometimes, the biggest changes within a business can only start right at the top with you, the boss. If you’ve tried everything else to get your business where you want it to be, and it hasn’t worked, then perhaps its time to refine your own approach to business.

To be upwardly mobile, let alone strong, your business needs a backbone it can rely on. It needs something to hold it up even when the odds and stocks are stacked against it. And there is nothing else that can provide this backbone but you. There is no other person than you that has the authority or the right to provide your business a backbone. And you need to provide it in more than one area of your business. You need to provide it out on the floor when it comes to employee/customer relations. You need to provide it in the boardroom when it comes to meetings with clients. And you need to provide it in your office when you deal with all the financial matters at play. Because you need to provide so much in so many areas, it is wise to educate yourself as much as possible in regards to the tasks that you face. And where better a place to educate yourself than school? Now, you’re probably thinking you don’t have the time to be able to go back to university and educate yourself in business. But what’s stopping you from taking an online Business degree? By doing so you would be afforded the opportunity to build core skills in teamwork, influencing, presentations and leadership. And what’s even better is that you can build all this in the comfort of your own home, in your own time.

But if going back to school isn’t for you then there are still ways you can become a better boss during your everyday working life. One way to do so is to start listening more and talking less. By practicing this way of life and allowing for it to become second nature you allow yourself the opportunity to build relations with your employees like never before. By listening to your employees and not jumping in and shutting their ideas down you depict yourself to be a boss who is open to hearing their ideas. This then distills in them the knowledge that they can trust you. It also trains your employees about how to work situations out within your business themselves. And the more employees know about how to fix a situation, the less time you have to spend training them to fix it.

As an owner of a business you have to be prepared to make changes to your own models and practices. Even if it means dedicating yourself to education again. Even if it means changing the habit of a lifetime and actually taking your time with employees rather than rushing things with them. If it’s going to benefit your business, it has to be done.

Interest Rate Differences for New and Used Cars

If you’re in the market for a car, then it’s important to know whether your financial situation is conducive to getting a used car or a new one. That’s because there’s a marked difference between new and used car loan interest rates. You might be surprised to learn that used cars often have higher interest rates – but it will make sense after you read below.

It All Starts with the Credit Scores

Just ask yourself a general question: if you had a high credit score, what kind of car would you pursue – a new one or a used one? The reality of the situation is that people with subprime (low) credit scores tend to find it difficult to get new cars, since lenders don’t have favorable auto loan terms for them. Realistically, it would be a bad idea anyway to get a brand new, more costly car if you’re trying to build your credit score up.

Although there are exceptions – which is par for the course with nearly any rule, as you well know – auto lenders offer higher interest rates on used cars, because people with relatively poor credit get these cars. The higher rates are commensurate with the higher levels of risk they lenders are undertaking, since the chance of repossession is higher with subprime borrowers.

New Car Purchases Benefit Lenders More

This reason becomes immediately obvious once you realize that new cars come from automakers directly, whereas most used cars come from private resellers and banks. The giant automakers of course have deals with many auto lenders, which incentivizes them to pitch the new car over the used one to a prospective owner. Since quotas accompany these deals, the sales people are obviously trying to meet them, and this is reflected in the enticing lower interest rates.

New Cars Have Higher Future Value

This fact better allows the lender to hedge its bet. This is to say that, should the time come one day when they need to repossess the vehicle because of delinquencies or other reasons, they can estimate the value from the time since they sold it to you to the present day – far better than for a used car. Since interest rates are fundamentally all about shifting the risk to the buyer, by having higher interest rates on used cars, they’re pawning off the negative possibilities onto you.

Is There a Possibility of Vehicle Abandonment?

You might think this isn’t very realistic, but that’s thinking about it the wrong way. It’s about what’s more likely, and the answer is obvious – almost no one would ever abandon a new car, whereas a used car with a lot of mileage and mechanical problems might find a new home at the side of the road.

After all, new cars have warranties to aid in expensive repairs, whereas older used cars don’t – unless you bothered to purchase these separately. But if you could do that, why wouldn’t you just get a new car? As you can see, the rules governing interest rates on new and used cars come down to a numbers game, and denote what the majority of people would do.

In sum, then, always remember that all the stuff about interest rates, and their correlation with your credit history and preference for a new or used car, boils down to the amount of risk the lender is assuming, and their imperative to pass that risk off to you in the form of monthly payments.