Move Over Millennials, There’s a New Workforce in Town: Korn Ferry Survey Reveals
04 September 2019 - 10:00PM
Business Wire
Gen Z is Highly Optimistic, Purpose Driven (and
Less Stressed Out)
Editor’s Note: Survey Responses at End of News
Release
As Gen Z (born 1997-2010) enters the workforce, a new Korn Ferry
(NYSE:KFY) survey of professionals of all ages examines how the
next generation in the workplace is bringing plenty of optimism, a
lot of purpose and less stress than Millennials (born
1982-1996).
Nearly two-thirds of respondents (60 percent) say Gen Z is more
optimistic about the future. A slight majority (53 percent) say
that Gen Z will bring more motivation to the workplace than
Millennials, and more than half (54 percent) believe that members
of Gen Z will place more emphasis on whether their work has
purpose.
“Beliefs that members of Gen Z are more optimistic may reflect
the fact that they are new to the professional workforce and are
ready to take on the world,” said Korn Ferry Senior Director Mark
Royal. “However, another aspect may be environmental factors in
their upbringing. We have seen nearly a decade of prosperity, and
that is what members of Gen Z experienced in their formative years.
On the flip side, Millennials are more influenced by living through
the Great Recession, when many saw their parents lose their jobs as
the economy tanked.”
More than two-thirds (67 percent) of survey respondents say
Millennials are more stressed in the workplace than Gen Z, 58
percent say Millennials are more motivated by salary/compensation,
and 65 percent say Millennials are more motivated by moving up
quickly in their careers.
Survey respondents were split on which generation values
work/life balance more and which generation will be easier to work
with.
“Each new generation entering the workforce brings with it
unique attributes and challenges,” said Royal. “The key for
managers is to understand what motivates all employees to bring
their best to their jobs every day and to create a culture where
all employees feel supported and valued.”
About the survey
There were 796 responses to the survey of professionals, which
took place in August 2019. Please note that due to rounding
responses may not equal 100 percent.
Survey responses
Which generation is more stressed in
the workplace?
Millennials
67 percent
Gen Z
33 percent
Which generation is more motivated
overall?
Millennials
47 percent
Gen Z
53 percent
Which generation is motivated more by
salary/compensation?
Millennials
58 percent
Gen Z
42 percent
Which generation is more motivated by
moving up quickly in their careers?
Millennials
65 percent
Gen Z
35 percent
Which generation values work/life
balance more?
Millennials
51 percent
Gen Z
49 percent
Which generation is more optimistic
about the future?
Millennials
40 percent
Gen Z
60 percent
Which generation places more emphasis
on whether they believe their work has purpose?
Millennials
46 percent
Gen Z
54 percent
In your opinion, which generation is
easier to work with?
Millennials
51 percent
Gen Z
49 percent
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work
with clients to design their organizational structures, roles and
responsibilities. We help them hire the right people and advise
them on how to reward, develop and motivate their workforce. And,
we help professionals navigate and advance their careers.
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Tracy Kurschner 612.309.3957 Tracy.Kurschner@Kornferry.com
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