They will change the workplace ecosystem

In a recent study on Generation Z, Oliver Wyman, an American consulting firm, mentioned that the group makes up about 25 percent of the world's population and has a total purchasing power of more than $7 trillion; it is projected that by 2025, the Generation Z group will make up 27 percent of the global workforce. "These numbers show that while Gen Z is young, they're influential." According to Business Insider, this generation will try to change the workplace ecology in the United States.

     Generation Z is changing the way the workplace is managed

Most people learn about the workplace from their first job, their first boss, and their first customers, but Generation Z is different in that they entered the workplace during the epidemic and are used to working remotely. Perhaps because of this, Millennial leaders often have a hard time understanding this newcomer. Many executives believe that Gen Z has always questioned workplace norms, wanting to draw a line between work and life, and wanting to "work smarter".

Rena Coe, a member of Gen Z who is just entering the workforce, recently posted an article about her attitude toward the workplace that resonated with her peers. She doesn't agree with the hustle and bustle of workplace culture, nor does she think it's a badge of honor to be overworked: "When wages are stagnant, the cost of living has risen, and the cost of housing is unaffordable, we're much less likely to think of work as everything."

She believes that the younger generation will have no qualms about job hopping, and that if they are laid off, they will look for a better job.

     Gen Z doesn't like workplace jargon

Generation Z is changing the terminology that was once popular in the office. They check their email less often than previous generations and ignore the complex but unnecessary terminology that frequently appears in emails. They occasionally add new slang to their communications, which may give rise to an office culture that is all theirs.

     This generation is under tremendous pressure

The annual benefits report released by insurance company Cinga in November 2022 shows that globally, stress levels among employees in all industries are generally on the rise. Generation Z employees, in particular, are in a particularly bad place. Under pressure, many young people are choosing to decouple from their jobs. A study by U.S. research firm Gallup showed that 54 percent of young respondents believe that work gives them headaches.

This mentality is more prevalent among Gen Z and Millennials. Cinga found that 71% of Gen Z respondents and 73% of Millennial respondents believe that in the face of stress, priority should be given to evaluating and integrating work rather than making lifestyle changes.

     For Gen Z, work is only temporary

In 2021, more than 47 million Americans submitted their resignations, setting a new record. That number surges to 50 million in 2022, according to the U.S. Department of Labor. "According to Business Insider, the younger generation of employees is driving the wave of resignations and "major reorganizations" that some have dubbed the "Quit Generation" Generation Z wants to integrate work into their lives, not the other way around. Generation Z wants to integrate work into their lives, not the other way around. They believe that work is not the whole of life, but more like an accessory.

     Gen Z prefers to live with their parents

This may be good news for luxury retailers - the savings on rent can be used for other purchases. Research firm Bain believes that by 2030, Gen Z and others will pay for 80% of the world's luxury goods, making them the biggest buyers in the sector.

"Business Insider interviewed four young Gen Zers who live with their parents. They agreed that living with their parents gives them "greater financial flexibility". They admitted that the money they saved was often spent on designer stores, fancy restaurants, travel and nightclubs, and not saved in their bank accounts.

     Generation Z has a strong interest in investing

According to Leo Aquino, an author in the field of financial education, Gen Z is better at finding financial advice online and investing than previous generations. "The younger they are, the more willing they are to find resources online. They like to discuss investment topics through social media."

Aquino notes that many Gen Zs will learn first through a website and then go to a financial planner, in part because they have less money on hand to invest than previous generations. Nonetheless, millennials still have clear financial goals. Financial services provider Northwestern Mutual found last year that the vast majority of Gen Z plans to retire at age 59, nearly 12 years earlier than baby boomers.