The London School of Economics and Political Science (LSE) and Freshworks have released a report on the desires and motivations of generations Y and Z in gainful employment. This shows, among other things, that hybrid working and flexibility are more important to them than salary. Also, modern workplace technology is a standard requirement.
The report (entitled Digital contagion, trust and social influence: The technological and cultural impact of a new generation') analyzes the impact of digitalization at work and in everyday life for these generations. Among other things, it discusses the attitudes and motivations of generations Y and Z in terms of employment.
Freedom more important than salary
The newest generations in the labor market have their own expectations of jobs and employers. When choosing a job, hybrid work and flexibility are more important factors than salary. That preference is 10% higher among younger Gen Zers, reinforcing the shift from salary to freedom for this generation.
An uninvolved employer, poor management and little attention to career development - in addition to the desire to travel - were major reasons for Gen Z and Gen Y to quit their jobs. Micromanagement, tight working hours and poor communication were the main criticisms of managers.
Celebrating Moment
For those looking to fill workplaces, this is good to know, especially now that the job market is so tight. And if you have managed to bring in the right people, have BeGlobal deliver a welcome gift or package on your behalf, either at work or through the letterbox at their home. Just a personal treat to celebrate the moment. More information? Contact BeGlobal, we'd love to think with you.