April 15, 2022
It’s as predictable as the dawn: A new generation enters the workforce, they shake up the status quo and they push their coworkers outside their comfort zones. Some seasoned workers love the changes; others aren’t quite as thrilled. But somehow, from the Greatest Generation to the Boomers, from Gen X to Millennials, everyone manages to adapt—and most of the time, things end up being better for everyone.
Right now, Gen Z (those born between 1997 and 2012) is that generation, bursting onto the workforce scene with energy, ideas and ideals. And although the oldest of these digital natives are just hitting their mid-twenties, they’re already affecting the way businesses operate, from flextime to the freedom of freelancing to working remotely.
So … how is Gen Z likely to shift the workforce until the next demographic group comes along? Here are our predictions:
Like their immediate predecessors, the Millennials, Gen Z are agents of change—and by 2025, they’ll make up about 27% of the workforce. Their individuality and their strong convictions about prioritizing purpose and quality of life over material gain can only improve the well-being of everyone in the workplace. Of course, like most change, there will be some push and pull. But in the long run, the generations are more alike than different. We all want happiness, security, appreciation and fulfillment.
And if we’d bet on anyone to achieve that state of working and being, it’s this generation. Go forth and thrive, Gen Z!
Of the many things America does well, taking vacation time isn’t always one of them.
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Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. However, there’s a major risk: the company can be thrown into tumult if one of the owners decides, or is compelled by circumstances, to leave.