Compared to other generations, Gen Z employees are significantly less willing to work for minimum wage. And rightfully so, given the rising cost of living and high inflation rate.
Aside from the salaries, benefits like paid leaves and health insurance are also important for Gen Z employees. While these are the basic benefits, organizations could also offer other perks such as allowances, stock options, or resources that could not only attract but also retain talents. Since the pandemic has aided the shift to hybrid arrangements, most employees would prefer having to report back to their office full-time and have the option to split their schedule between working on-site and from their home. Not only does this save on expenses like commuting and office meals, it also gives employees ample time to do other things such as spending time with their family or doing chores.
Consistent feedback helps motivate Gen Z employees. They’d prefer bosses who are available to guide and coach them and opportunities that could help them advance their career professionally. They’re open to receiving evaluation and feedback on where they can improve, and engage in activities that would hone new skills and expand their experiences.
Employers should cultivate that sense of culture and community – even in hybrid set-ups – by having strong communication programs that could establish strong peer relationships within the company. Having mental health resources for employees is also a sign of a good working environment. Employers could provide trained leaders, educational resources, and company-sponsored therapies or counselings as a way to support their talents. The company should also be vocal and consistent in making their employers feel comfortable in accessing these resources without the fear of being judged.
Source: News Formal (newsformal.com)
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