Posted June 23, 2022 by Mark Perna
Episode Title: Moving Up or Moving On
If Gen Z can’t move up the ranks at work, they’re willing to move on. Here’s why, coming up next on The Perna Syndicate.
Ep 489 show:
This is The Perna Syndicate—welcome! If we’re honest, we’ll admit that paycheck is the biggest reason we show up to work every day. A competitive salary ranks highly with every working generation.
And even though the recent study by TalentLMS indicates that Gen Z values their salary the least of any generation, it’s still the top reason they’d consider leaving their current employment.
At the same time, the researchers did find that 59% of Gen Z workers feel fairly compensated for the work they do. But that doesn’t mean they don’t want to earn more.
Gen Z is highly motivated to move up the ranks—which can help explain why 49% want training on how to lead effectively. And if they can’t get that training at their current job, many will look elsewhere.
A third of Gen Z workers report that a lack of career advancement opportunities would cause them to quit. This is hardly surprising for a generation just starting their climb up the ladder, but it holds true for the rest of the workforce as well. What generation wants to be stuck in a dead-end position?
The message is clear: if they can’t move up, they’ll move on. Once again, Gen Z operates as a benchmark that employers can leverage to meet the needs of the entire multigenerational workforce.
Tomorrow: One final thing that Gen Z wants at work may surprise those who view them through the lens of negative stereotypes. Tune into The Perna Syndicate tomorrow for more. We’ll see you then!