Elena Verna

Contrary to the traditional pursuit of higher salaries at all costs, Gen Z and millennials have a strong emphasis on work-life balance, personal development, and meaningful work
 
 In a recent debate with a dear friend from a large corporation, I argued that these Gens are adamant about their priorities
 
 They will not go after larger monetary compensation at the account of their preferences
 
 This isn't speculation. Numerous studies and surveys support this shift in priorities:
 
 1. Research from Deloitte titled “2023 Gen Z and Millennial Survey” says 77% of Gen Zs and 75% of millennials who are currently in remote or hybrid roles would consider looking for a new job if their employer asked them to work on-site full-time
 
 2. The same report shows that the majority of Millennials would give away high pay for improved work-life balance. They look for positions with a purpose and a company that aligns with their values but not necessarily high-paying positions
 
 3. When asked about the factors that most influenced the decision to accept a job offer, 65% voted for personal development vs 21% for salary (source: PWC report Millennials at work reshaping the workplace)
 
 The above is not just a trend! 
 
 These are facts that are redefining the workplace in fundamental ways
 
 Companies need to adapt to these changes in the newest workforce generations to report tangible benefits
 
 These include enhanced employee satisfaction, lower turnover, and greater innovation which are essential to survival in the current market dynamics
 
 NB. Image generated by ChatGPT. The post is not 😊 
 
 #WorkLifeBalance, #GenZWorkplace, #MillennialMinds, #PersonalDevelopment, #InnovativeWorkplaces, #FutureOfWork,
 #CareerGrowth, #CompanyCulture, #EmployeeSatisfaction