Wednesday, June 21, 2017

How to Respond to Gen-Z Entering the Workforce

Generations are often grouped as a result of certain defining criteria. Generation Z, or the otherwise termed iGen, represent a group of people entering the workforce currently, succeeding the Millennials. This new generation is characterised by its aggressive competitiveness and independence among many other traits employers need to be aware of.

This generation has been shaped by a different set of events and unlike the Millennials before them, were largely raised during the global recession and subsequent recovery. This impacts directly on the attitude towards employment and the importance thereof. Research reveals that salary, as opposed to job meaningfulness, is the primary influence on Gen-Z choosing employers.

Keeping this in mind, employers need to learn to be sensitive to the motivating factors and entrepreneurial spirit within this population.

Who is Gen-Z?

Born between 1995 and 2012, this peer group is presently graduating and entering work environments and with this come the challenges and cross-generational dynamics that need to be dealt with. There are over 23 million Gen-Z workers in the marketplace at this time, and it is predicted that in the next five years this number is going to proliferate relatively sharply.

Early indications are that Gen-Z is an increasingly self-aware, self-sufficient, inventive and goal-focussed population. This has implications for the job sector and how they are received and managed.

They are particularly more entrepreneurial than their older counterparts, exhibiting more corporate bravery and risk-taking in their engagement with the capitalist ecosystem. The challenge here is that businesses need to work harder to convince the new graduates to join the corporate environment by nurturing a spirit of entrepreneurialism within organisations.

A key difference between this generation and the Millennials is that their world has always contained social media and they tend to use these platforms predominantly to showcase and live their lives. Competition in the corporate world has necessitated that Gen-Z members are better educated and have the ability to research and self-educate while leveraging the technological tools at their disposal.

They are happy to start at the bottom and work to the top

In order for these contemporaries to be successful in the workplace, the generation before them need to take their traits into account. For example, a survey discovered that Gen-Z members expect to start at the bottom and work their way up the corporate ladder and are less open to collaboration—being more independent in their commitments.

This competitiveness and focussed attitude is an asset to the marketplace, but can also be a disadvantage. High productivity and efficiencies counterbalance the internal conflict resolution needs that will have to be met by the higher ups..

They don’t work well with rigid workplace conventions

Employers need to relax the rigid conventions of the past, as this generation views the strict nine-to-five mentality as outdated. All about balancing work and play, they appreciate flexibility in the workplace and tend to perform better if given limited autonomy and self-management responsibilities.

The onus is on businesses to provide flexible succession plans and tailored job descriptions to ensure employee retention in the current paradigm. This also has implications for training and development. Standardised block training doesn’t seem to cut the mustard with the Gen-Z’s. A better approach is possibly to get new recruits working and provide on-the-job training when required.

They are digitally focused and fickle with their attention

Gen-Z has been raised in the digital age and use technology as a logical extension of themselves, blurring the lines between the physical and digital domain. Thus, their intended marketplace needs to be tech forward to draw the necessary talent.

Another by-product of this generation is the fixation on customised experiences. Personalised marketing campaigns have made this a distinct reality and thus the “hyper-custom” generation is born. The Gen-Z maxim of “fear of missing out” (FOMO) is a result of the constant information stream this generation finds itself connected to. This creates an atmosphere of involvement that can be exploited by employers, as members show an interest in having multiple roles in their jobs. A disadvantage of this model is that employees may thrive on multi-tasking and perhaps have small ventures on the side which demands attention. This could be a source of potential conflicts. Managers should respond by changing how they approach feedback, considering the fact that Gen-Z members are accustomed to constant updates and feeds. Hence, short, frequent feedback is a preferred motivator.

Generation Z has its own set of qualities and mannerism and it is advisable for prospective and current employers to roll with the archetype to integrate this group into the workforce adequately, developing rather than clashing with their traits.

The post How to Respond to Gen-Z Entering the Workforce appeared first on AllBusiness.com

The post How to Respond to Gen-Z Entering the Workforce appeared first on AllBusiness.com. Click for more information about Chip Espinoza.



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