Sit down, take a nice cold sip of your iced grande half-caff sugar-free non-fat vanilla hazelnut latte, turn off Angry Birds on your iPhone 5, and pay attention, 'cause Gen Y? We need to talk. Stop blaming everyone else for your lack of a decent job. It's not the labour market. It's you.

In just a few weeks, the latest batch of millennials will graduate from post-secondary institutions across the country in one of the most challenging job markets young Canadians have ever faced. Below are some tips I offer soon-to-be and recent grads as they enter the workforce.

No matter how your academic career ends, there comes a point when you join the workforce and (hopefully) start earning a regular paycheque. Earning income means you have the privilege of paying income tax. It may not be your first thought, but tax planning is an important part of a financial plan.

We were told we could have the world, and unsurprisingly, we're getting more than a little anxious out about the idea that we won't be so fortunate. To be frank, all we really want is for that ugly lie our high school guidance councillors told us in senior year "if you go to a good university and work hard, doors will open for you," to be true. But it's not.

There are many different types of tax preparers but one of the most trusted is mom and dad. Many younger Canadians rely on parents to help them file their first tax returns, but there does come a time when you need to take control of your tax return and learn how to prepare it yourself.

The recent dust-up over working from home or working at work has brought a few issues to the forefront. Primarily, that dealing with a young, mobile and educated workforce is hard. When millennials work for you, life is going to be very different: they are not their father's workforce.

Over the course of the past six months, I have been investigating the "trickle-down" effect of mentoring in the workplace. The trickle-down effect of mentoring is that it enables employees to be more productive and innovative. This is because behaviour is a function of the relationship between people and the environment.

There's a lot of talk about how to engage Millenials and Gen X out there, but little is being said about how to engage an aging workforce and the Boomers. Boomers are at the stage in their career where they're starting to think about the legacy they leave behind, the challenges they overcame and the success that they built. It may not be easy, but its the right time to tap into this and use it to your company's advantage.

Data and graphics compiled by Jeff Fraser; text by Daniel Tencer. It’s a common assumption that when it comes to careers and the economy, young C...

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