LinkedIn's research found that pay was the main reason why Gen Z are quitting (30% in the UK). However, their high quit rate isn't just linked with salaries.
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.
The study found that about half (49%) of millennials surveyed want to work fully remote, whereas only 27% of Generation Z (Gen Zers) feel the same way; they're much more likely than average “to be seeking in-person” work opportunities.
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.
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.
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.
By the numbers: Gen Z-ers surveyed said their top career goals were businessperson, doctor and engineer.
'Gen Z' workforce struggling to cope with challenges of early careers, survey finds. BOSTON - New research reveals the "Gen Z" workforce is struggling to cope with the challenges of their early careers. Experts say part of the problem may be the constant comparison that comes from scrolling their smartphones.
ResumeBuilder.com's survey of 1,344 managers and business suggest that leaders and managers find Gen Z difficult to work with because they: lack technological skills (39%) lack motivation (37%) lack effort (37%)
2. Desire to work individually. Team environments are not a problem for Gen Z, but many young employees prefer to work on individual projects as much as possible. By working independently, Gen Zers are able to showcase their skills and abilities as a way to prove themselves to employers.
As more members of Gen Z enter the workforce, it can feel like battle lines are being drawn between younger employees and more established workers. Managers routinely call this generation “entitled,” complaining that they can't complete simple tasks.
Gen Z has been called the 'most depressed generation' with the least positive outlook and diminished emotional and social well-being. They have more unmet social needs than any other generation. The statistics for their behavioural-health issues – mental and substance disorders – are alarming.
It found that, while there are similar rates of happiness across the older three generations, Gen Z is by far the least happy at work. Twenty-six percent of Gen Zers were unhappy in their jobs, and 17% were actively thinking about quitting.
Gen Z has experienced higher poverty rates than millennials, Gen Xers and baby boomers, according to the KIDS COUNT Data Center, but Gen Alpha is the poorest generation to date.
Gen Z's social media habits are making them anxious, too
Social media compounds it all. While there are many benefits to social media, it's a double-edged sword because it can create pressure, insecurity and judgement. It's no surprise Zoomers feel pressure to have a picture-perfect image and life.
What are the values of Gen Z? Gen Z is known for being resourceful, independent learners who value diversity and inclusive culture and place a priority on well-being and mental health in the workplace. They are fiscally conservative with a keen focus on investing and income. Gen Z values justice and equity.
Baby Boomers (circa 1946 to 1964) Generation X (circa 1965 to 1980) Millennial Generation (circa 1981 to 1996) Gen Z (post-Millennial) (circa 1997 to 2012)
Regarding the stats, it's clear that Gen Z is struggling. A 2022 survey of Gen Z young adults (ages 19 through 24) found that 42% are diagnosed with a mental health condition. Of these people, 26% were diagnosed during the COVID-19 pandemic, which worsened mental health for many people of all ages.
Flexibility at Work
This is something that the previous generations of the workforce didn't enjoy much, but now it tops the list of expectations of Gen Z's. Gen Z's value their personal lives as much as their professional lives.
Create an inclusive work culture
When choosing an employer, 83% of Gen Z candidates say that an organisation's dedication to diversity, equity and inclusion is important to them. Focusing on diversity, equity and inclusion as a benefit during the hiring process can be a useful approach.
The average salary that young adults said would make them feel as if they've finally “made it” is $121,553 per year, with Gen Z aiming slightly higher and pining for $124,494 and millennials earmarking $120,902.
Gen Zers say they need a salary of almost $125,000 to feel like they've made it, a new study found. The study of 1,000 workers showed that 58% of young professionals are unhappy with their current salary.
Some reports indicate that the competitive nature of Gen-Z means they are more interested in working independently. After all, they were raised by highly independent Gen-Xers, so today's youths are used to doing things on their own. However, other reports call Generation Z more collaborative than Millennials.