Two-thirds of Gen Z envision ‘job-hopping’ as crucial to career growth.
- A significant 66% of Gen Z prioritize skill development over company loyalty.
- The cost-of-living crisis is driving many young professionals to seek new opportunities.
- Traditional work modes and learning resources do not align with Gen Z expectations.
- Gen Z’s drive to innovate is reshaping workplace cultures.
The recent study by FDM Group reveals that two-thirds of Generation Z view changing companies as essential for advancing their careers. This age group places a higher value on developing new skills and gaining diverse experiences rather than remaining loyal to a single employer. This perspective marks a shift from previous generations’ views on career progression.
According to the data, the cost-of-living crisis has emerged as a primary motivator for Gen Z to change jobs. Many young graduates are increasingly pursuing opportunities that offer rapid salary increases, aiming to climb the career ladder more swiftly. Gen Z is noted to be 13% more likely than non-Gen Z individuals to perceive their current job as merely a stepping stone.
With Gen Z constituting 30% of the global population and anticipated to make up 27% of the workforce by 2025, their influence is undeniable. A key driver among them is the pursuit of skill development, particularly in digital competencies. Interestingly, 80% of this cohort indicated a willingness to work in-office more frequently if it allowed for enhanced coaching, collaboration, and mentoring opportunities.
Despite a general dissatisfaction with current learning resources, with two-thirds of Gen Z expressing concerns compared to 56% of non-Gen Z, many Gen Z workers remain adamant about the benefits of direct learning. They favor opportunities to learn from senior leaders and engage in face-to-face mentoring, although three-quarters of Gen Z and Millennials in remote or hybrid roles would leave their jobs if forced into full-time in-person work.
Gen Z’s approach to work is significantly influencing corporate cultures. A staggering 95% believe that by challenging established norms, they can introduce fresh ideas and practices. Skills such as adaptability, communication, teamwork, and problem-solving are frequently highlighted by this generation as essential to progressing workplace dynamics. Corporations are encouraged to adapt by fostering an environment welcoming to feedback and clarity in learning, according to insights from FDM Group.
Gen Z’s approach to career progression signals a transformative shift in workplace dynamics, urging companies to embrace change.
