Generation Z will soon become the most populous generation on the earth surpassing Millennials. In the US, they constitute approx. 25% of the total population.
As Gen Zers are stepping into the front line on the world stage, their entry’s effect is rippling through the workplace, retail, and technology.
What young generations look for in the workplace?
Gen Zers look for a workplace that adopts speed of evolution. They are excited to work on new things with less pay than a better-paying dull job. They seek the involvement of bleeding-edge technology. Gen Zers are technologically savvy people, innovators, entrepreneurs with strong opinions, and a desire to be heard.
One of the factors is the Autonomy of the work. These people aspire to work in a decentralized environment where they get to decide how work gets done. According to a survey, 42% of the people switch to a job where they can work independently, and 63% move to those jobs which allow flextime.
The most widely used applications are office productivity tools (such as Microsoft Office, Google Suite), collaborative tools (Microsoft Teams, Slack), and business intelligence tools (like PowerBI, Tableau). Gen Zers have incredible knowledge of technology. Office productivity tools are a top priority as it is a demand for cloud-based tools for remote work. And selecting from a list of work tools is on the higher priority side.
Freedom to choose the technology and the work tools will help in building a mutually beneficial relationship. Gen Zers and millennials welcome new technology whole-heartedly for daily work. The fresh blood of the workforce will be leaders of innovation. They are likely to feel disappointed if their work is not at par with the current technologies.
Businesses depending on generational data are prone to introduce ageism into the workplace. The companies with age-diversification see a lower rate of attrition. In high-stakes business, companies must lookout for talent in technologies. Overemphasis on age may be catastrophic for business. By 2030, millennials and Gen Z will make the majority of the workforce. Hence, the market dynamics compel the leaders to be aware of tool deployment in the workplace.
Another crucial factor is Belongingness. The new generation of the workforce seeks a deeper sense of connections. They are more likely to work in a place where their opinions are heard, considered, and implemented (if found feasible and fruitful).
The last one on the list is Growth opportunities. They seek continuous skill development and new growth opportunities at work. A study shows, 4 out of 5 young workers said that the chance to learn a new skill is their topmost criteria while considering a new job.
Conclusion
Many people look into the new technologies offered to them while moving out from their current job. Incorporation of cutting-edge technologies is next to mandatory according to market dynamics. It is one of the vital factors which attract Gen Z and millennials. We need to ponder upon these aspects to benefit everyone.
You can share with us about how young blood has improved your workplace at contact.us@virtuetechinc.com.
