How Will Generation Z Impact the Workforce
21 Dec 2022
Gen-Z, born after 1996, will soon make up one-third of the world’s population and prioritize positive work culture, work-life balance, and frequent feedback. Employers can establish a positive work culture with trust, social connection, and wellness. Offering flexible work arrangements and remote working options helps maintain work-life balance. Gen-Z workers desire frequent feedback and organizations must recognize their new set of expectations and acknowledge technology’s role in their connection with companies.
What do we know about Generation Z? The Gen-Z is anyone born after 1996 and has grown up in the digital world. They will soon surpass the Millennials as they will make up one-third of the world’s population. It has been estimated that the Gen-Z are making up 24% of the current global workforce.
Here are a few key facts on how Generation Z will affect the workforce:
Positive Workplace Culture:
The Gen-Z values a positive workplace culture. According to a survey conducted by Deloitte in 2018, half of Generation Z rated that positive work culture is more important to them, followed by compensation, flexibility, and learning. To create a positive work culture, it is crucial to establish an environment of trust, social connection and wellness.
Work-life Balance:
38% of the Gen-Z views work-life balance as a priority when they are looking for a job position. Employers can consider offering flexible work arrangements and remote working when necessary to help work-life imbalance. Making use of cloud technologies can help remote work become efficient. Tools such as Amazon Web Services and Google Cloud allow for easy access outside of the office.
Feedback:
Growing up in a digital environment surrounded by real-time feedback (comments, shares, etc.), the Gen-Z desires more frequent feedback from their employers and their supervisors. According to Gen HQ, 66% of Gen-Z wants feedback at least every few weeks from their supervisor. This facilitates their personal growth and development. As the Gen-Z enter in the workforce, it is important for organisations to recognise their new set of behaviors, preferences and expectations. Organisations need to acknowledge that technology will have a major influence on the way work will be completed and how Gen-Z workers will connect with companies.