According to a report from Yahoo! News, Millennials, the generation born around the late 80s to mid-90s, and GenZ, the generation from the mid-90s to early 2010s, are disrupting workplaces as they rather choose to be jobless rather than stay at jobs they do not like or do not align with their values.
Work-life balance is redefined with these generations as they do not simply expect flexible hours and healthy working environments. The demand includes alignment in beliefs and values as well. This means that GenZ and Millennials would rather be jobless or tender their resignation letters than be unhappy in a company. According to the Workmonitor global study conducted by Randstad, most of these individuals put personal happiness over their work and prioritize their values when making career decisions.
Happiness over Career
Based on the Randstad study, 32% of GenZ and 28% of Millennials are actively looking for other job opportunities. Over half of these young people, particularly 56% of Gen Z and 55% of Millennials, are willing to quit their jobs if it hampers their happiness or prevents them from enjoying life. The results are in stark contrast to just 38% of Baby Boomers, the generation of individuals born from the mid-40s to mid-60s. Similarly, almost half of both GenZ and Millennials want their personal convictions and values to align with their bosses. They do not wish to accept a job that does not resound with their social and environmental issues convictions. Only a third of the Baby Boomer generation feel the same way.
The current trends show a clear power shift in the workplace across the globe. Many employees are willing to move from one job to another, which shows their confidence in the demands in the job market. In addition, the survey shows that more than two-thirds of young people are open to new job opportunities, while a third are actively seeking new roles or jobs.
The demand for talent is high while more and more workers are shifting their focus on personal fulfillment and alignment of their values with their companies and bosses. However, despite the critical shortages of talent, employers do not seem to keep up with the demands and employ strategies to retain their staff and lessen the possibility effectively. This includes a company's efforts in terms of remuneration packages, increased benefits, support for dependents, and training and development opportunities.
Read Also: Teacher in Texas Resigns After Injuring 12-Year-Old Student with Serious Burns in Science Experiment
Social and Environmental Issues
GenZ and Millennials prefer jobs or companies with the same stand as them regarding social and environmental issues. According to Nick Pesch of Randstad, companies that are more proactive and take positive action in terms of these issues are more attractive to workers. In addition, these companies are more effective in retaining loyal employees. According to a report in Finurah, this reflects young people's determination not to compromise their values when looking for an employer.
