The future of the modern workforce depends largely on Gen Z, given that they are set to compose 30% of the workforce by 2030 which jumps from 27% in 2025. However, there are concerns as job transitions are up 80% year-on-year among the Gen Z. Furthermore, one in two hiring managers struggle to connect with this generation.
The change in workplace after COVID has been one of the three major factors behind the Gen Z hiring gap. This generation saw a 73% increase in furloughs compared to other generations between March 2020 and April 2021. The second reason would be unnecessary friction in the workplace with 70% of Gen Z employees are at risk of reneging on their current job offer. Lastly, is a disagreement on expectation as 65% of Gen Z talent quits within 12 months of employment.
Companies face unrivaled challenges around Gen Z’s recruitment and retention with solutions such as Abode. 74% of the hiring managers say that they are the most difficult generation to deal with. There are five major steps that could be followed to keep Gen Z on the payroll which include establishing clear expectations, fostering genuine transparency, offering workplace respect, nurturing meaningful connections and focusing on intentional communication.
Source: Abode HR