1/13/2024 0 Comments Gen x gen y gen z age range![]() Millennial employees prioritize work–life balance more than all other factors and all other generations. Of all age groups, Gen Zers are the only respondents who do not cite inadequate compensation as the top reason for leaving their current jobs (it’s number three), and they prioritize career development and meaningful work more than compensation when leaving that job. Gen Z employees see their work as transactional and are motivated primarily by compensation. Across age groups, employees tend to leave-and start new jobs-for similar reasons ![]() ![]() One notable difference is that once employees are in a job, the retention factors that motivate Gen Zers to stay aren’t the same as those for other age groups.įor employers, some broader lessons have also emerged: let go of generational stereotypes, focus on the employment factors that matter across all ages, and take a nuanced approach to understanding how different factors interact and affect each individual’s decisions to stay or go, rather than applying a generic range of tactics to broad demographic segments. The data suggest that employees of all ages are looking for many of the same things at work and largely quit their jobs or start somewhere new for similar reasons. To understand more about how employers can improve their value proposition to attract and retain workers of all ages, we looked past broad generational labels to explore the specific work preferences and drivers of employment decisions across smaller, consistently sized age groups. It excludes nontraditional workers, such as online and platform workers, freelancers and consultants, contract workers, business owners, day laborers, and seasonal workers. Our analysis included only traditional workers, or those respondents reporting a traditional employer–employee relationship in which the employer hires the employee, pays them directly, and manages their work. Both surveys included people of working age across 16 industries. ![]() The second survey was completed in September 2022 and focused on workers in Europe (16,246 people from Austria, Belgium, France, Germany, Italy, Poland, Portugal, Spain, and Switzerland) and the Middle East (3,164 people from Israel, Saudi Arabia, and the United Arab Emirates). The first survey was completed in April 2022 and comprised a global sample of 13,386 workers from Australia, Canada, India, Singapore, the United Kingdom, and the United States. To better understand labor market trends, we conducted two surveys of workers. ![]()
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