The face of young American workers, their jobs and where they work is changing.
By 2018, employers will see as many as five generations working side by side. More than 60 million baby boomers will exit the workforce, and by 2025, only 40 million new workers will enter to replace them. Advancements in technology will help elevate some labor shortages but not in all sectors. Estimates suggest millennials could make up as much as 75% of the U.S. workforce by 2025.
Young workers today are more likely to be underemployed, earning less, living at home with their parents, delaying marriage and dependent on technology. They are less likely to be affiliated with a political party and connected to religion.
Here is what we also know. Today’s young workers are highly engaged with their work. Additionally, the jobs of today’s young workers are more mobile than they have been for any other generation. Good jobs can be as easy to locate as a good internet connection, whether you are in Albion or Atlanta, McCook or Miami, Lexington or London. As the mobility of jobs continues to increase, communities must ask how they can become more attractive to young workers. Community vibrancy is an ever-increasing factor in today’s job marketplace as workers can often choose from where they work instead of simply locating to where jobs are located.
The attraction, retention and development of young workers is vitally important for communities hoping to remain relevant in the rapidly expanding and diversified economy of the 21st Century. It is with this focus in mind that community leaders across the state of Nebraska have developed strategies to target this talent pool through attraction and retention efforts, including a specific priority to ask young workers what the community can do to make it more attractive as a place to live and work.
Yet, no one community knows all the best practices in attraction, retention and development of young talent, and leaders and communities are constantly faced with limited resources. As such, a concerted statewide coalition of leaders working together, sharing best practices and resources across the state, to focus the spotlight on young talent and vibrant communities together is the next step in making sure we are at the forefront for young workers.
Young Nebraskans Week will be a carefully curated series of speakers, discussion panels, workshops and networking opportunities hosted by communities across the state that celebrate the talent, insight and energy of young professionals working in Nebraska while also exploring the intersection between cultures and cities. Developed by the Nebraska Department of Economic Development and modeled after Lincoln’s Young Professionals Group’s annual YP Week, Young Nebraskans Week aims to concentrate our state’s focus on growing, retaining and developing our youngest members of the workforce. We know that highlighting the best of what Nebraska offers is how we win the fight for young talent and helps to keep Nebraska prosperous.
As we launch Young Nebraskans Week in 2018, we will be working throughout the state with local partners to create a dynamic environment focused on young workers. We will call upon industry, labor, chambers of commerce, economic development partners and many others to help make this initiative as strong as possible. We ask every Nebraskan to join our coalition in the fight to attract and retain young workers to our state.
Collaboration is the new competition.
Allison Hatch, Nebraska Department of Economic Development
Tom Beckius, Keith Peterson, Jamie Henning & Kayla Meyer
Lincoln’s Young Professionals Group
Luke Hoffman, Greater Omaha Chamber