Generation Z in the Workplace: An Infographic

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Essential Reading

10 things you need to know about managing generation Z in the workplace

Smart employers rely on Sage Accounting Solutions to take care of their accounting needs so that they can take care of their employees.

Generation Z in the Workplace

Want to know how to manage this new generation entering the?

Here's our Sage advice…

1.    Gen-Z are hippies at heart

  • 60% Gen-Z want to have an impact on the world, compared to only 39% of Gen-Y
  • 1 in 4 Generation Z volunteer in their spare time
BUSINESS IMPACT: TEAM BUILDING

Sage advice

When it came to motivating team-work, Gen-Y would rally for a competitive challenge, or even a bar tab at the local, (as long as it was social). You'll need to dig deeper to tear Gen-Z away from their multi-screens, and we're not talking about your pockets. Try partnering with a local cause and volunteer for your office's next team building challenge. To keep Gen-Z motivated, incorporate 'giving back' into the social aspect of your business culture.

2.    Gen-Z walk in the Fastlane

  • 41% Gen-Z are looking for a job with 'an opportunity for growth', compared to only 30% GenY
BUSINESS IMPACT: CLEAR PROGRESSION PATH

Sage advice

Present a clear progression path in your job descriptions to attract the most ambitious Gen-Z candidates. And if you're a small organisation with a flatter structure, showcase opportunities for internal training so candidates can see other areas for growth within the role.

3.    Gen-Z are close relative to the goldfish

  • Gen-Z has a shorter attention span than Gen-Y - 8 seconds compared to 12 seconds
  • Approximately 11% Gen-Z have been diagnosed with ADHD
BUSINESS IMPACT: MEETINGS

Sage advice

Do you have weekly status meetings? To keep Gen-Z employees' attention, rethink this process and see if you can split them into smaller bite-size chunks throughout the week. Cover one area of business per sit-down and set a time limit. You'll be surprised how this may boost affectivity across the board - and not only to accommodate younger employees!

4.    They want to be their own boss

  • 72% of Gen-Z have ambitions to start their own business one day, compared to only 55% Gen-Y
BUSINESS IMPACT: MOTIVATION

Sage advice

Tap into Gen-Z's entrepreneurial spirit and include a small development project in their role. Letting them feel ownership and run point on a project - however small - will help them flex their entrepreneurial muscle.

5.   *smiley face*

"Gen Z-are not precise written communicators and leave a lot of room for interpretation."

BUSINESS IMPACT: EMAIL COMMUNICATION

Sage advice

Need an issue fixed, and fast? Don't leave it to email communication with Gen-Z. You may be left wanting… Get specific answers quickly via one of Gen-Z's more native channels: Skype, Facebook video chat, or schedule a quick Google+ Hangout. Just as fast as waiting for an email reply, probably faster.

6.    Work hard, work hard?

  • Only 38% Gen-Z believe that a healthy work-life-balance is important, (compared with 47% Gen-Y!)

>Gen-Z spend their 'free time':

  • 89% cultivating productive skills for entrepreneurial ambitions and self-improvement
  • 51% improving graphic design skills
  • 50% practicing video editing and app building

BUSINESS IMPACT: JOB DEFINITIONS

Sage advice

As more of these industrious bunch enter the workforce, you might find yourself having to redefine your team's roles and responsibilities. It'll be a case of moulding a new role around the individual, rather than finding the individual to fit the role. With entrepreneurial ambitions, Gen-Z employees will have many diverse skills and areas of interest to apply to your business.

7.    Money, money, money…

  • 65% Gen-Z prioritise salary when seeking a new job, compared with only 45% Gen Y.

    • Gen-Z's greatest aspirations after college are to be:
  • 31% - financially stable
  • 29% - in their dream job
  • 10% - getting married
  • 6%- travelling
BUSINESS IMPACT: EMPLOYMENT PACKAGES

Sage advice

Be prepared to negotiate hard on salary with this feisty young generation. If you've been padding employee packages with wider benefits, (health, dental etc.) consider a reshuffle to place the emphasis back on the $$ - or risk top talent going elsewhere

8.    P.D.A (Public Displays of Appraisal)

  • 42% Gen-Z agree that social media has a direct impact on how they feel about themselves, (compared to only 31% Gen-Y)
  • And 39% agree that social media has an effect on their self esteem
BUSINESS IMPACT: FEEDBACK

Sage advice

Self-worth for Gen-Z is so significantly tied into receiving positive reinforcement via social media. Use this as an opportunity to give your Gen-Z employees a real boost. If they receive any positive feedback within the business, share it with them via a LinkedIn testimonial. Giving positive feedback through a social platform will help raise their esteem even more than in your meeting room.

9.    Enrolling for the school of life

  • Only 64% of Gen-Z are considering an advanced degree, compared with 71% Gen-Y
  • One of the main causes of this decline could be an increased concern of the cost of higher education: 21% Gen-Z are concerned about this, compare to only 13% Gen-Y

BUSINESS IMPACT: CANDIDATE FILTERING

Sage advice

If your business filters candidates by 'minimum second-class Hons degree', you may want to reconsider your candidate filters to allow for more progressive - also more global - measures of education. Perhaps set a small assignment, industry-specific test or 'answer in one sentence' screening question to get a better measure of each candidate.

10.    Hard-working, multi-hat-wearing, entrepreneurial do-gooders. But, where to find them?

  • Only 27% Gen-Z use job boards to search for new job opportunities, this is down from 34% of Gen-Y
  • Instead, with Gen-Z value connections through friends and family as a source of employment (28% compared with 20% Gen-Y)

BUSINESS IMPACT: PROMOTING JOB PROSPECTS

Sage advice

Make sure you have a 'finder's fee' policy in place with your current employees. Circulate new job openings internally and give employees the chance to recommend people in their network, these are the connections Gen-Z are placing their focus on finding the right fit for them. And don't forget social, keeping an active LinkedIn company profile with job openings posted on the board.

References:

Business Insider International
The Center for Generational Kinetics
millennialbranding.com/2014/02/high-school-careers-study
slideshare.net/sparksandhoney/generation-z-final-june-17
growingleaders.com/blog/generation-z-differs-generation-y/
visioncritical.com/gen-z-versus-millennials-infographics/
adeccousa.com/employers/resources/generation-z-vs-millennials-infographic/
smallbiztrends.com/2016/07/millennials-vs-generation-z
dmnews.com/marketing-strategy/the-subtle-differences-between-gen-y-and-gen-z