Thursday, May 14, 2020
6 Things Every Millennial Should Know About Working for Fortune 500 Companies CareerMetis.com
6 Things Every Millennial Should Know About Working for Fortune 500 Companies â" CareerMetis.com Many people, and especially millennials striving to prove themselves as valuable members of the workforce, are attracted to opportunities at Fortune 500 companies. They view working for a large, recognizable brand as a badge of honor, a career-making opportunity that will allow them to be able to compete for any job they might want in the future.The âmillennials want to work for Fortune 500 companiesâ narrative is no false stereotype. Just look at the annual Millennial Career Survey from the National Society of High School Scholars In 2016, the surveyâs ranking of the top 25 companies that millennials want to work for was dotted with Fortune 500ers, including companies such as 3M, Google, Disney, Apple, and Amazon.If youâre a millennial job seeker and you are thinking about pursuing opportunities with Fortune 500 companies, good for you. Thereâs nothing wrong with being ambitious and shooting for big jobs with big brands right out of the gate.However, before you start work, itâs a good idea to calibrate your expectations so that they match with the reality of working at a Fortune 500 company. Here are six things to know before you start applying.1) You will face stiff competitionIf you click on the link to the NSHSS list above, youâll realize that your dream employer is probably the dream employer for countless other millennials. Of course, the entire job market is competitiveâ"especially for young people just entering the workforce.However, you will likely face the fiercest competition for Fortune 500 jobs. If you decide to shoot for the Fortune 500 route, be prepared for a longer job search.2) The interview process might be longerEveryone interviews differently and Fortune 500 companies are no exception. There is no general rule that can be applied to the hiring process for every company on the Fortune 500 list. However, because of the steep competition for these jobs, the interview processes are often longer and more in-depth than you would ex pect from smaller businesses.Your interview process could take anywhere from a few weeks to a few months According to a recent CareerBuilder survey, 72% of employers now run background checks on every employee they hire. Expect to have to go through a background check no matter where you apply. However, Fortune 500 companies tend to be particularly vigilant about vetting their new employees, because doing so is such an important step to avoid negligence, liability, and bad press.If you are hoping to find a job at a Fortune 500 company, you should go in expecting a thorough background check processâ"one that includes criminal history checks, employment confirmations, education verifications, drug testing, and more. The bottom line, youâre probably not going to get away with adding inaccurate or misleading information to your resume. You have to tell the truth.Photo Credit â" Pexels.com4) Youâll have to work extremely hardMany Fortune 500 companies are notorious for their long w ork hours and high expectations. In a 2015 profile published by Fortune, one Amazon employee said that the company âwill work you to death: either youâll be gone after two years, or you stay forever because you love working that hard.â Another described the Amazon workplace as âa culture of self-driven workaholics.â These descriptors are hardly unique to Amazonâ"especially on the tech side of the equation.Some millennials love the idea of tough, hard-working company culture, but if youâre after something with a little more work-life balance, you might look outside of the Fortune 500.5) You wonât always feel like youâre making an impactâ"especially right awayevalOne of the best things about working for a smaller company is the feeling that you are making an impact. In Fortune 500 jobsâ"particularly the entry-level positions that most millennials will be competing forâ"itâs easy to feel like you are just another cog in the machine.Getting lost in the hugeness of the company you work for isnât ideal for the average young worker, who wants to learn, develop new talents and skills, and climb the ladder to higher positions. None of that is impossible at a Fortune 500 company, but it might be harder to come by than with a smaller organization.6) Youâll build a huge networkIf you work for a Fortune 500 company and find that it isnât right for you, the good news is that you will grow your professional network considerably. Not only does a good job at a Fortune 500 company look good on a resume, but it can also get your foot in the door with many employers.Most Fortune 500 companies have sizable alumni groups on LinkedIn that you might be able to tap for future job opportunities, and former managers and colleagues can make for killer references. Bottom line, if you are going to work for a Fortune 500 company, make a concentrated effort to build connections. If you donât end up staying, those connections will serve as your springboard to a n ew job.Fortune 500 jobs can be high pressure, grueling, and tough, but they can also be engaging, eye-opening, and perfect for resume building.If you decide to pursue a Fortune 500 job as your entry into the workforce or as your next big step in the professional world, keep the six things discussed above in mind.Each point is only general, and none of them will apply to every Fortune 500 employer, but they will help you adjust your expectations and weigh the pros and cons of working for a big company.
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