As members of Generation Z now join the workforce, corporate officials need to know that their priorities, values, and methodologies of completing work differ from that of previous generations. Due to these distinct concepts about work, Gen Zers have become known as a high-flying generation of people since they entered the job. They are establishing higher standards for themselves and rejecting unfavorable conventions.
Due to the difference in mindsets between the older generation and Gen Zers, a lack of understanding of managing Gen Zers can cause tension and even failure in an organization. So, what are the effects of Gen Z entering the workforce, and how can companies best manage them?
Who is Generation Z?
Gen Z refers to people born between 1997 and 2012 and is mostly the offspring of millennials. Basically, they are those who were born when the internet was gaining massive popularity worldwide. Thus, the digital world significantly affects how they behave daily.
The Gen Z generation uses their smart gadgets more frequently to browse the internet, making most of them tech-dependent. They have more ethnic and racial tolerance than previous generations. In fact, they are known as the most diverse generation to join the workforce.
Impact of Gen Z At The Workplace
Building a corporate culture that encourages productivity and retention will necessitate comprehending the demands and perspectives of a younger generation. Generation Z’s work values strongly emphasize balanced work-life, inclusion, and diversity. Below are some of the effects of Gen Z entering the workforce.
Value-driven Approach
Gen Zers often prefer working for companies that align with their values and morals. A study shows that 51% of Gen Zers prefer purchasing products from companies whose brand aligns with their values and principles. As a result, this forces organizations to adopt a transparent and socially conscious approach to overall operations.
Flexible Workplaces
The Gen Z generation desires complete autonomy over their career development and professional journey. From statistics obtained from the Great Resignation of 2020, this generation and millennials have shown they are not scared to leave businesses that do not align with their values. Thus, flexible work environments are more in demand.
A Deloitte report revealed that adaptability and flexibility are the top-rated employee qualities. In turn, this shows that firms should model these qualities to attract and keep the top talent. This generation wants it all, from embracing a hybrid work environment to providing career growth opportunities.
Work-Life Balance
The ‘hustle culture is not as popular with the younger generation as it was for the older generations. They have seen firsthand the extreme tension, sadness, and exhaustion that result from it. The Gen Z generation prefers a better work-life balance and is not scared to look for a job that meets their needs. Job changes are increasing for Gen Zers by 80% and Millennials by 50% each year.
Although Gen Z is eager to work hard, they also desire a vibrant life outside the office. While management might be worried that this attitude means working less, the balance makes employees more productive and encourages a trustworthy and transparent work environment. Work-life balance is also beneficial to businesses since rested staff members who have faith in their ability to balance work and personal responsibilities are more likely to remain with an organization.
How to Manage Gen Z at the Workplace
Generation Zers account for 24% of the working population, which will increase to 27% by the end of 2025. As we have already seen, Gen Z is more innovative and has higher expectations for their employment than previous generations.
The Gen Z generation performs better in a creative and open-minded workplace where they are free to be themselves and challenge the existing norms. An organization has to know how to find, lead, and keep these people. If not, these employees will not think twice about moving on to somewhere better. Below are some tips on how to manage Gen Z at the workplace:
- Know and understand the needs of Gen Z employees by using employee panels and surveys
- Invest in technology that makes company operations simple and quick to complete. This includes the recruitment tech and updated telecommunication systems and customer service channels
- Company leadership should prioritize building meaningful relationships with these employees as it encourages trust, care, and support at the workplace
- Create a wellness strategy that caters to employee mental health needs
- Participate in social impact initiatives since Gen Z is very dedicated to social responsibility
To sum it up, Gen Zers have proved that they will not conform to the typical work environment that other generations have had to endure. They are determined to find meaningful work at companies that align with their values and beliefs. Businesses looking to succeed in this new environment must know how to handle the tech-savvy workforce because once they are comfortable working for you, there is no limit to what they can achieve.
