
Steve Pogorzelski ’83
Former Monster.com executive and WAA member
Steve Pogorzelski ’83 spoke with parents and alumni about the current and future job markets, explaining that the relationship between employers and employees has fundamentally changed.
Describing what he calls a “talent tsunami,” Pogorzelski said companies now compete globally for the most skilled employees, giving new job-seekers reason to be less loyal to organizations than previous generations. Today’s young employees are likely to move around on a “career lattice” as they seek a work-life balance, and are expected to hold 8-12 jobs over their careers, Pogorzelski said.
“Generation Y scares the heck out of a lot of people because they have very different expectations,” he said. “More and more workers believe they are free agents. This is a generation that is preconditioned for success. They don’t want to work for you for 30 years.”
Pogorzelski predicted that this year’s graduates will face challenges in the downsized U.S. job market, which in the last year has lost more than 1.2 million jobs, with half of those losses in the last three months. He suggested that the economic downturn could bring an unemployment rate of 8-9 percent.
“There is no end in sight,” Pogorzelski said. “Nobody really knows how far this will go in terms of unemployment.”
But he said that today’s first-year students will likely benefit from waves of Baby-Boomer retirements, which will create a shortage of as many as 12 million workers in many fields, ranging from nurses to accountants to auto mechanics.
“Longer term, no generation will have opportunities for greater career success and happiness that this current generation,” he said.
A job tip from Pogorzelski: Learn Mandarin. “Companies will pay anything to get Western-educated workers who speak Mandarin and get them to move to China.”