Gen Z is taking over

An insight from Lisa Fudgell, Partner, CF Search

Move over, Millennials, Gen Z is here, and they're taking over the workforce with a bang! Born between 1997 and 2012, this dynamic generation is already making waves in the workplace, bringing fresh ideas, creativity, and a whole new set of expectations. Let's take a closer look at how Gen Z is reshaping the modern workplace.

First things first, let's talk about the sheer size of Gen Z. They are expected to make up an astonishing 27% of the global workforce by next year , meaning one in four workers is, or will be, a Gen Zer. This means that if your company hasn't begun thinking about how to attract and retain this generation, now is the time to start. Trust us, you don't want to be left behind in the race for top talent.

One of Gen Z's most striking characteristics is its diversity. Over 50% come from non-white backgrounds, making it the most ethnically diverse generation in history. This diversity brings a plethora of perspectives and experiences to the workplace, fostering an inclusive environment where creativity and innovation can flourish. It’s going to be companies that prioritize diversity and inclusion that will be more likely to attract and retain top Gen Z talent.

Growing up during the Great Recession, Gen Z witnessed their Gen X parents struggle through tough economic times. This experience has shaped their financial attitudes and work ethic. Gen Z is financially cautious and values job stability, but they also crave meaningful work that aligns with their personal values. They are not afraid to job-hop in search of the perfect fit, so companies need to focus on creating a work environment that offers both stability and purpose.

Of course, we have to touch on how the global pandemic also left a lasting impact on Gen Z. They saw firsthand how quickly the world can change and how important it is to be adaptable. This generation is highly resilient and tech-savvy, having grown up with smartphones and social media. They expect their workplaces to be equally agile and technologically advanced. Remote work and flexible schedules are non-negotiables for many Gen Zers, so companies need to adapt to these new expectations.

When it comes to communication, Gen Z values transparency and authenticity. They appreciate open and honest feedback and expect their leaders to be approachable and genuine. A formal, hierarchical workplace is not going to cut it for this generation. Instead, they thrive in environments where collaboration and open dialogue are encouraged.

And finally, Gen Z is eager to learn and grow in terms of professional development. They value continuous learning opportunities and want to see a clear career progression path. Companies that invest in training and development programs will not only attract top Gen Z talent but also foster a culture of innovation and growth.

In conclusion, Gen Z is a force to be reckoned with in the modern workplace. Their diversity, resilience, and demand for meaningful work are reshaping the way companies operate. To attract and retain this vibrant generation, companies need to prioritize diversity and inclusion, offer stability and purpose, and embrace technological advancements. By doing so, they will not only stay ahead of the competition but also create a workplace where creativity and innovation can thrive.

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