Gen Z employees are facing criticism for their resistance to the traditional 9-to-5 work schedule, as they seek higher pay for fewer hours and more paid time off.
Studies show that Millennials and Gen Z workers value flexibility in their schedule and are more likely to work late hours.
Younger employees report feeling stressed and burnt out, and have expressed concerns about fitting their whole life into a 9-to-5 work schedule. (Trending: Donald Trump Gets Great News Ahead of 2024)
“Generation Z expects higher pay for fewer hours and more paid time off,” oXYGen Financial CEO Ted Jenkin said.
“Thus, Generation Z workers don’t feel they need to work after 5 PM to earn a higher income. What kids are being told out of college is that they should immediately be making $75,000 to $100,000 a year with their college degree, but the law of supply and demand is really what dictates your salary.”
These sentiments are attributed to growing up in a time of economic instability and a tight labor market.
“Approximately three-quarters of younger generation employees say they would switch jobs for better work-life balance, two-thirds would switch for the option to work remotely, and around 70 percent would take a different job to have more control over their work schedule,” according to the study.
Gen Z employees also report various factors that make it harder to work, including mental health issues, a hostile work environment, and access to transportation and housing.
“Like the generations before them, Gen Z is a product of the environment they grew up in: – Gen Z lived through 9/11 and the wars in Iraq and Afghanistan – They saw the economic pain inflicted on their parents during the Great Recession – And they began working during the pandemic when flexible or remote work was the norm,” demographic strategist Bradley Schurman said.
“Gen Z is also the first generation to talk openly about their problems with their managers, including physical and mental health,” he added.
“Gen Z is also working in the tightest labor market since the end of World War II, which puts them in a unique bargaining space with their employers.”
“They can get more from their employers because demand is high and supply is low.”