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A LinkedIn Survey Reveals What Inspires Gen Z to Stay or Quit Their Jobs

LinkedIn Workforce Confidence Survey Outcomes

Other than being the youngest, Gen Z is probably the most idealistic working generation across the globe. They love their jobs and so pick their employers very carefully. One of the key criteria to choosing their employers is the workplace culture. Also, they are mindful about their health and wellbeing, and engage well in employee wellness programs.

Gen Z workers are most insistent that their employers offer employee wellness programs or share the same values. And if they think things are not going their way, they wouldn’t bat an eyelid before planning their exit. So, they are careful about their choices and must not be taken for granted.

LinkedIn’s Workforce Confidence survey revealed a lot about Gen Z and their workplace requirements.

LinkedIn’s Workforce Confidence Survey Outcomes

LinkedIn conducted an online survey with emails distributed to members every two weeks. The Workforce Confidence Index is based on the quantitative online survey that recorded responses from around 9,437 professionals across the US. The survey was conducted between October 9th and November 5th 2021. All the members were actively working, while students, retirees, and stay-at-home partners were excluded. The outcomes were analyzed based on the engagement level to ensure different activity levels are represented fairly through the study.

Bobby Duffy, a popular British public policy professor, mentioned in his article it was true that the younger generation is quite eager to shift jobs, though the older generations just discovered that recently. Many Gen Z workers change course into new territory through their professional journeys.

Also, the recent COVID-19 pandemic caused a major shift in the working policies for Gen Z and other working generations. While remote working and lockdowns caused impatience, their kinship with digital technology added to their idealism at work.

According to the LinkedIn Workforce Confidence survey, almost 65% of Gen Z job seekers are planning to or have already switched their working industries. This edginess of Gen Z was closely followed by Millennials. However, the rates were significantly lower for Gen X and Baby Boomers.

Earning better compensation was cited as one of the key factors for 72% of Gen Z workers to change their jobs.

Workplace culture and company values are also important to them. Almost 69% of Gen Z employees said the main reason for them to switch jobs was to find an employer whose company values and interests align with theirs. These expectations have resonated with some big employers like Ford Motor and Procter & Gamble. According to a Forbes article, bigger companies are redefining their workplace strategies to accommodate the evolving priorities of Gen Z workers.

Also, occupational growth was considered a key reason for 59% of the respondents to start their job hunt. As the economic and employment issues are under scrutiny across the globe, it has become absolutely urgent for career starters to look for all ways that can help advance in their careers. With many of them looking to establish their careers at a real quick pace in the first few years, job-hopping comes in handily. 

The other factors that contribute to the Gen Z workers shifting jobs are related to quality-of-life aspects, like –

  • 52% – for better workplace benefits
  • 42% – for better job stability
  • 41% – for flexible working schedule

Compared to a higher 42% of Millennials, only 24% of Gen Z was concerned about the work-from-home policy.

There is no denying that record numbers of employees, especially Gen Z workers, are switching industries or companies for greener pastures. However, many from the same working generation prefer sticking to their employers for a long time. Almost 35% of Gen Z job seekers are persistent to continue with their current endeavors.

This determination does not come easily. Three main factors that keep them loyal have been shortlisted, and they are –

  • 86% – they enjoy their work
  • 80% – they are building their expertise in their field of work
  • 70% – continuing to hone their occupational skills

Gen Z is the first digital natives, and so, they are bound to leverage their skills and knowledge accordingly. While most reasons point back to the ‘What’s for me?’ quest looking for better benefits and faster financial advancement, it makes sense with the rapidly evolving market and trends.

And so, to retain the skilled Gen Z, Millennials, and other working groups, employers must ensure their offer the right workplace benefits, including employee wellness programs, and build a positive workplace culture.

Post Author: Admin