Generation Z, also known as Gen-Z, is the cohort of individuals born between the mid-1990s and the early 2010s. As the newest generation to enter the workforce, Gen-Z workers are facing unique challenges and opportunities as they navigate the rapidly changing world of work.
With a deep understanding of technology and a desire for work-life balance, Gen-Z workers bring new perspectives and strengths to the workplace, but they may also face economic precarity, professional stress, and other challenges.
There are several reasons why some Gen Z workers may be struggling to cope, including:
- Economic challenges: Many Gen-Z workers entered the workforce during or after the financial crisis, which led to high levels of unemployment and job insecurity. This has made it difficult for them to establish stable careers, which can lead to financial stress.
- Gig economy: Gen-Z workers are more likely to work in the gig economy or hold multiple part-time jobs, which can lead to uncertainty and instability in their work and income.
- Student debt: Many Gen-Z workers have significant student loan debt, which can make it difficult for them to make ends meet and save for the future.
- Professional stress: Gen-Z workers may face high levels of stress in their jobs due to long work hours, high expectations, and intense competition. This can lead to burnout and mental health issues.
- Work-life balance: Many Gen-Z workers prioritize work-life balance, but may struggle to achieve it due to the demands of their jobs.
All of these factors can contribute to the challenges that Gen-Z workers face in the workforce. To support these workers, employers can offer resources and benefits that address these challenges, such as financial wellness programs, flexible work arrangements, and mental health support. Additionally, policymakers can work to address economic inequality and student debt, which can help create a more stable and supportive environment for Gen-Z workers.