Gen Z is facing more issues with integration into the workforce than any other generation. There are several factors making this integration challenging. Factors such as differences of values, events like COVID, and a general distaste for corporate work. What does it mean to say that Gen Z is failing to integrate though?
Put as simply as possible, there is a constant loss of time, money, and position. Time comes from the time employers and employees alike are losing. While recruitment managers find Gen Z to be extremely challenging to work with, Gen Z isn’t satisfied with their employers. This means there’s a massive turnover rate that is draining both groups of the time to find meaningful work.
Money loss comes from the exact same cause as time loss. The cost to replace an early-career turnover is $22,000 per employee. The cost for an employee to turnover to a new job can be similarly costly as they move across cities and states alike. And finally position, a point with a bit more complexity. Currently there are an unprecedented amount of workers hitting retirement age.
Gen Z is meant to replace these retired workers, but if they do not, this leaves major industry and positional gaps. An issue which could lead to larger scale issues across entire industries and supply chains. In other words, it’s very important that members of Gen Z find employment. There is no future without Gen Z. The responsibility falls on Gen Z and previous generations alike to make it work. Otherwise everyone is left struggling and with lost time, money, and positions.
Learn more about hiring Gen Z in the infographic below:
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Source: Abode HR