The main reasons Gen Zers and millennials are considering switching jobs haven't changed, with higher compensation, improved work-life balance, opportunities for career growth and flexible work arrangements all ranking as top priorities, per LinkedIn's research.
Gen Zers also job-hop, exploring multiple positions, careers, and industries. Specific industries, including food preparation and the motion picture industry, are notorious for underpaying younger employees, leading to job-hopping.
The old concept of a career ladder running from the mailroom to the executive suite could be replaced by something much more ad hoc and flexible. Some 42 percent of Gen Z workers value work-life balance, remote working and flexible leave as their top priorities when looking for a job, according to a recent U.S. survey.
Top reasons they feel GenZ is difficult to work with is they lack of technological skills, effort, and motivation. 65% say they more commonly need to fire GenZers than employees of other generations. 12% have fired a GenZer less than one week after their start date.
Gen Z joined the workforce just as the pandemic shook up the job market. Not surprisingly, that's changed the way this young cohort views work, with Gen Z showing a greater willingness to job hop than older generations. Members of Gen Z are switching jobs at a rate 134% higher than in 2019, according to LinkedIn data.
A new study by Randstad, published on Business Insider, shows that today's younger generation would sooner quit a job than remain unhappy in it, essentially leaving bosses who treat their staff like workhorses in a dangerous predicament.
Gen Z are primarily the children of Generation X. Their Generation X parents raised Gen Z to be independent and able to figure things out for themselves.
According to a recent survey of 1,300 managers, three out of four agree that Gen Z is harder to work with than other generations — so much so that 65% of employers said they have to fire them more often.
“Gen Z are digital natives and they've always communicated online, so their interpersonal skills, or soft skills, have suffered,” said Salinas. “They took an even bigger hit because of Covid-19, and it has shifted the way that we need to interact with them in the workplace.”
In the short term, Gen Z's stress is leading to ambivalence and withdrawal in their professional lives. According to 2022 data from Gallup, they are the most disengaged group at work. They also report more overall stress and work-related burnout than other cohorts.
Gen-Z cares about following their passions, caring for the earth and demanding social and environmental justice from high-level decision-makers. As a result, they're more vocal, values-driven and individualized than generations that came before them.
Gen Z employees are very pragmatic and don't count on others to succeed. 76% of them believe their career path is their responsibility, according to a Monster multigenerational survey. The good thing is, if you meet their needs, they will do everything to develop their skills, climb the professional ladder and thrive.
Co-create. More than other generations, Gen Z wants to have their voices heard. They want agency to create a future that they find meaningful. Enlist their energy and problem-solving skills.
Over 50 million workers said goodbye last year, and it's a trend that's shown no signs of slowing, based on the latest months' data. The Great Resignation was increasingly dominated by Gen Z.
Studies show that millennials tend to favour job flexibility, which means they expect jobs to adapt to them. They are also more likely to change jobs if their employment no longer meets their needs. Meanwhile, Generation Z were hit harder by unemployment, which is why they tend to prefer job stability and security.
Some of the most common reasons for job changes are connected to completion of a project, company-wide layoffs, or organizational restructuring. Other completely plausible reasons are relocating to another city, getting a job near your home, starting your own business, or pursuing higher education.
They're impulsive. Another weakness of Gen Z is that they can be quite impulsive. With instant gratification being so easily accessible, this generation has difficulty waiting for anything. They want what they want and they want it now!
The idea of social isolation makes them even more anxious and uneasy, and makes them want to be socially involved all the time. Social anxiety can also be attributed to the changing nuclear family setup in modern India, where gen z are subject to helicopter parenting (J. L. Young, 2017).
How Satisfied is Each Generation at Work? Source: Happiness at Work in 2023, Cangrade. Gen X are the most satisfied generation at work, reporting a 5.5 level of satisfaction on a scale from one to seven. They are followed by Baby Boomers (5.47), Millennials (5.41) and Gen Z, the least satisfied (4.76).
Gen Z (42%) is about twice as likely as Americans over 25 (23%) to battle depression and feelings of hopelessness.
Gen Xers would come to be known as one of the “least parented, least nurtured generations in U.S. history,” with parents divorcing at historic rates as both mom and dad worked in pursuit of an American Dream.
They're nostalgic. Gen Z are 19% more likely than other generations to say they prefer to think about the past rather than the future. Their fondness for the past is most prevalent in their music and fashion preferences, with 90s music their second-favorite genre (among Gen Zs).
Gen Z moms feel less confident.
They put more emphasis on being the "perfect mom" compared to Millennials, and they strive to reach more parenting ideals, from keeping kids busy to owning the scheduling for the entire family.
9/9/2022. It is estimated that by 2030, Generation Z (born between 1997 and 2012) will surpass Millennials (born between 1981 to 1995) and represent the largest group of real estate renters on the market.