As the oldest members of Gen Z begin to enter the workforce, companies need to prepare for a new generation of workers with unique skills, expectations, and priorities. According to a report by the Pew Research Center, Gen Z (born between 1997 and 2012) is on track to become the most diverse and well-educated generation in U.S. history. They are digital natives who have grown up with technology and are comfortable with its constant evolution. Additionally, Gen Z is more socially aware and values authenticity and transparency in the workplace.
Companies need to adapt their strategies to attract and retain Gen Z talent. Here are some practical tips for companies to best utilize the talent that Gen Z brings to the workforce:
- Embrace technology: Gen Z has grown up with technology and expects it to be an integral part of their work environment. Therefore, companies should embrace technology and provide digital tools to help employees work more efficiently. This can include cloud-based project management software, chat tools for communication, and mobile apps for remote work.
- Offer a flexible work environment: Gen Z values work-life balance and is open to remote work. Therefore, companies should offer flexible work arrangements and create a culture of trust that empowers employees to work from anywhere. According to a study by Deloitte, 60% of Gen Z would like to work from home or another location outside of the office.
- Provide growth opportunities: Gen Z values learning and development opportunities. Therefore, companies should offer training and development programs to help employees acquire new skills and grow in their careers. According to a study by PwC, 35% of Gen Z cited opportunities for career progression as the most attractive employer trait.
- Foster a diverse and inclusive culture: Gen Z is the most diverse generation in history and values inclusivity and social awareness. Therefore, companies should prioritize diversity and inclusion initiatives to create a welcoming culture for all employees. According to a study by Accenture, 66% of Gen Z said they would be more likely to work for a company that has a diverse workforce.
- Be transparent and authentic: Gen Z values transparency and authenticity in the workplace. Companies should communicate openly and honestly with their employees and clearly about their values and mission. According to a study by the National Society of High School Scholars, 72% of Gen Z said they would like to work for a socially and environmentally responsible company.
- Provide opportunities for collaboration: Gen Z is accustomed to working in teams and values collaboration. Therefore, companies should provide opportunities for employees to work together on projects and create a culture that values teamwork. According to a study by IBM, 78% of Gen Z believe that working with diverse teams helps them learn and grow.
- Offer competitive compensation and benefits: Gen Z is highly motivated by financial stability and security. Therefore, companies should offer competitive compensation and benefits packages demonstrating their commitment to their employees’ well-being. According to a study by Monster, 77% of Gen Z said that salary is the most critical factor when considering a job.
- Create a positive company culture: Gen Z values a positive work environment that fosters teamwork, creativity, and innovation. Therefore, companies should create a culture that prioritizes employee well-being, celebrates success, and encourages creativity. According to a study by HBR, 79% of Gen Z said a positive work environment is essential.
- Prioritize work-life balance: Gen Z is known for valuing a healthy work-life balance. Therefore, companies should offer flexible schedules, vacation time, and other benefits that help employees balance their personal and professional lives. According to a study by Adecco, 60% of Gen Z said that work-life balance is the most critical factor in their job search.
- Emphasize social responsibility: Gen Z is highly conscious of social and environmental issues and values working for companies prioritizing these concerns. Therefore, companies should be socially and environmentally responsible and communicate their values and actions to employees. According to a study by Cone Communications, 94% of Gen Z believe companies should address social and environmental issues.
By following these tips, companies can create a work environment attractive to Gen Z talent and leverage their skills to drive growth and innovation. In addition, companies need to adapt and embrace the changing landscape as the workforce continues to evolve.
Sources:
- Pew Research Center. (2019). On the Cusp of Adulthood and Facing an Uncertain Future: What We Know About Gen Z So Far.
- Deloitte. (2020). The Deloitte Global Millennial Survey 2020: Resilience in the face of uncertainty.
- PwC. (2019). Millennials at Work: Reshaping the Workplace.
- Accenture. (2018). Gen Z Rising.
- National Society of High School Scholars. (2019). The State of Gen Z 2019.
