{"id":542,"date":"2021-01-27T14:29:18","date_gmt":"2021-01-27T14:29:18","guid":{"rendered":"https:\/\/www.teamspan.com\/blog\/?p=542"},"modified":"2021-02-02T14:48:52","modified_gmt":"2021-02-02T14:48:52","slug":"the-next-wave-millennials-and-generation-z-in-the-workplace","status":"publish","type":"post","link":"https:\/\/www.teamspan.com\/blog\/2021\/01\/27\/the-next-wave-millennials-and-generation-z-in-the-workplace\/","title":{"rendered":"The Next Wave: Millennials and Generation Z in the Workplace"},"content":{"rendered":"\n\n[et_pb_section fb_built=”1″ _builder_version=”4.8.1″ _module_preset=”default”][et_pb_row _builder_version=”4.8.1″ _module_preset=”default” custom_margin=”-50px||||false|false” hover_enabled=”0″ sticky_enabled=”0″][et_pb_column _builder_version=”4.8.1″ _module_preset=”default” type=”4_4″][et_pb_text _builder_version=”4.8.1″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″]

We are now entering a corporate era where Millennials and Gen Z\u00a0 make up most of the workforce. And in the next decade, that figure is set to shoot up to 58 percent, making the youthful generations the most dominant in the workplace. As these young professionals would put it, \u201cThey have entered the chat\u2026\u201d<\/span><\/p>\n

Millennials have been dominating the global market for quite a while now. While this generation comes with many stereotypes, they have proven themselves as forward-thinking innovators and digital entrepreneurs<\/a>.<\/span>\u00a0Millennials are perceived as ambitious and driven by high achievement \u2013 they are willing to push through the boundaries for the sake of breakthrough.<\/span><\/p>\n

Gen Z grew up integrating technology with their everyday routine \u2013 digital activities come naturally to them. In the workplace, Gen Z are known to value work-life balance and personal interests over anything else. \u201cIf given the choice of accepting a better-paying but boring job versus work that was more interesting but didn\u2019t pay as well, Gen Z was fairly evenly split over the choice.\u201d, an article from Deloitte<\/a> says.\u00a0<\/span><\/span><\/a><\/p>\n

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What can they bring to the table?<\/strong><\/h2>\n

Currently, four demographic cohorts make up the global workforce: Baby-boomers, Generation X, Millennials, and the youngest group, Gen Z. And while the Baby-boomers and Generation X have already made their mark in the system, Millennials and Gen Z are already shaking the business world as we know it.<\/span><\/p>\n

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Digital Natives<\/strong><\/h2>\n

Millennials witnessed the world go from a dial-up connection to using 100MBPS bandwidth speed, and Gen Z grew up with advanced technology available at their expense. Organizations adapting to new technology-driven practices and establishing a technology-centric operation is the future of work. And as automation, machine learning, and artificial intelligence are becoming commonplace in the workplace<\/a><\/span>, companies need digital natives that are comfortable in collecting and analyzing data rooted from digital initiatives \u2013 a role fit for the modern upbringing Millennials and Gen Z have been attuned to. Digital natives push technology as a catalyst for positive change, and in an increasingly digital global market, their \u201cout with old and in with the new\u201d mentality will shift the focus to a more modern and efficient way of working.<\/span><\/p>\n

Advocates of Learning\u00a0<\/strong><\/h2>\n

The new generation of talent values personal and professional mastery over monetary equivalence \u2013 a work that matches their interest is often motivation enough for Millennials and Gen Z. According to a Gallup report<\/a>, 59% of Millennials said they viewed opportunities to learn and grow as extremely important when applying for a job.<\/span>\u00a0Gen Z are not far off in aligning their priorities \u2013 they are on the move to shake the world<\/a><\/span>. This generation is continuously challenging the traditional, developing new skills while utilizing their current ones, and creating opportunities where they can truly grow. Millennials and Gen Z’s core behaviors are all anchored in one element: the desire to learn – and learn for the better.<\/span><\/p>\n

Flexibility is Key<\/strong><\/h2>\n

Having gone through different cultural, political, economic<\/a><\/span>, and digital\u00a0<\/a><\/span>transformation<\/a>, it makes sense that Millennials and Gen Z adapt well to change. Both generations grew in a world of exponential change, and as such, they understand the importance of flexibility while staying functional and effective in their given roles. Millennials<\/a> were forced to become adaptable and learn to go with the flow because the world around them is in flux.<\/span>\u00a0Gen Z<\/a>, on the other hand, see failure as a major driver to success and are not afraid to fail to make way for growth and innovation.\u00a0<\/span>Millennials and Gen Z level of agility in reacting to changing environments allow them to perform well under pressure, even in the presence of unprecedented waters and unknown outcomes \u2013 making them a highly valuable asset to an ever-changing global market.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The next wave of the workforce will continue to challenge the workplace \u2013 and that\u2019s not entirely a bad thing. As it has been repeated time and time, change is good. And the world will also keep changing \u2013 there could be more global crises headed our way; new trends will arise as technology continues to outpace itself. To survive, thrive, and come out of these situations stronger and better, you need an army of young professionals with a strong track record for resilience on the one hand and the latest smartphone on the other.\u00a0<\/span><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":"

We are now entering a corporate era where Millennials and Gen Z\u00a0 make up most of the workforce. And in the next decade, that figure is set to shoot up to 58 percent, making the youthful generations the most dominant in the workplace. As these young professionals would put it, \u201cThey have entered the chat\u2026\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[20,19,9,8,6,7,21,22],"class_list":["post-542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-generation-z","tag-millennials","tag-remoteteams","tag-remotework","tag-teamspan","tag-teamspanglobalsolutions","tag-workforce","tag-workplace"],"_links":{"self":[{"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/posts\/542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/comments?post=542"}],"version-history":[{"count":3,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/posts\/542\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/posts\/542\/revisions\/547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/media\/638"}],"wp:attachment":[{"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/media?parent=542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/categories?post=542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teamspan.com\/blog\/wp-json\/wp\/v2\/tags?post=542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}