In my last post, I shared some of the key differences observed between Millennials and Generation Z. If you missed it you can follow the link below:
Whilst there are some key differences emerging between, there are also a number of similarities too:
First Jobbers - 83% of today’s students believe that 3 years or less is the appropriate amount of time to spend in their first job. Similarly 91% of Millennials expect to stay in a job for less than 3 years.
Personal responsibility – both generations are extremely interested in building their personal brand by gaining transferable skills that they can take to any job or leverage to become an entrepreneur.
Company skepticism – Millennials were wary of company loyalty after witnessing their parents being laid off from a company they were loyal to. Similarly Generation Z will be skeptical having witnessed the 2008 financial crisis and the impact of austerity.
Development focussed – the most important workplace factor for Generation Z is opportunity for advancement. The number 1 reason Millennials leave organisations is due to lack of career opportunity.
Mentor seeking – Generation Z seeks mentorship systems that will help them forge strong skills. And 75% of Millennials want a mentor.
Difference makers – 60% of Generation Z want to have an impact on the world, and 84% of Millennials say making a difference in the world is more important than professional recognition.
As I outlined in my earlier post - the themes highlighted are general observations - because of course every individual is unique.
With the reality of 4G workforce, its important for organisations to really consider more personalised employment experiences to match the needs of the total workforce from recruitment, development, reward and recognition