- Gen Z doesn’t stigmatize “job switching,” according to a new study by Oliver Wyman.
- They want flexible schedules and work-life balance and will give up if they don’t, according to the study.
- Courtney Grover told Insider that “the job change has helped me really learn what I like.”
Gen Z doesn’t share older generations’ misgivings about “job switching,” according to a new study by management consulting firm Oliver Wyman.
They’re happy to leave unfulfilling jobs that don’t offer the perks they want – and they’re always looking for something better. In fact, 70% of Gen Zers who say they are “loyal” to their employers are either actively or passively looking for a new job, according to the survey.
Oliver Wyman surveyed 10,000 Gen Zers aged between 18 and 25 across the US and UK in an attempt to analyze how “the greatest and most disruptive generation of all time” will affect long-established business practices.
People born between 1997 and 2012, often referred to as Generation Z, came of age during the pandemic. Having lost much of their youth to COVID-19, they are looking for a sustainable work-life balance and are not prepared to sacrifice leisure time to climb the corporate ladder, according to the survey.
More than previous generations, they are prepared to jump ship without a plan B, according to the survey.
Generation Z views function in “a more transactional way” than previous generations and have an “extensive list of demands,” according to Oliver Wyman’s study. In particular, they want jobs that include benefits such as comprehensive health coverage and mental health support, as well as institutional transparency.
They are also demanding more and more flexibility – and are prepared to give up if they don’t get it. Many of them started working during the pandemic, when most offices were closed, so “there’s no interest in soul-sucking commutes,” respondents said.
According to Oliver Wyman’s research, 85% of Gen Zers prefer a hybrid or remote working pattern.
That means employers looking to recruit and retain Gen Z workers need to allow employees to work from home, have more time off and show they support diversity, Oliver Wyman’s research found.
Courtney Grover, 26, told Insider that she “jumped from job to job” in her early twenties: “Job jumping helped me really learn what I like and what I want to do with my life.”
However, she recognizes that ever-changing jobs can be draining. After trying recruiting, waitressing and policing, Grover joined a public relations firm called Kindred Agency last year and says she is more satisfied with the job now.
She told Insider: “I only calmed down after hitting rock bottom and talking to my boyfriend’s father, who is part of the generation that has spent their entire lives working at the same company.”