According to the 2020 workplace theory, over 36% of the workforce will consist of people born after the baby boomer generation. While most workplaces are still under the process of understanding who Gen Y (Millennial) are and how to work with them, the new generation is entering the workforce rapidly.
As millennials enter their early 30’s, the focus is shifting to the Generation Z. According to a recent study, Generation Z is predicted to constitute up to 40% of the consumer population as well as, the working population in 2020. The expectations of the Generation Z from their workplaces differ from Generation Y’s (millennial) expectations. Their experiences in life are predicted to affect their job search processes and their workplace priorities.
Most Generation Z employees are said to be looking for a stable job and a comfortable workplace, unlike the millennials who were known for their job hopping. After being exposed to the previous generations’ recession and being indebted, the Gen Zs prefer a more stable job and a work environment that nurtures them.
So, as an HR manager or a team manager who has a team full of Gen Z’s as direct reports, there are a few changes you need to make to your managing style. The modern talent is very keen on being successful, so you have to give them more opportunities to showcase their skills. The Gen Z’s are focused on improving their skills and knowledge constantly.
Here’s a list of few things that you need to add to your modern talent management checklist.
Generation Z is set to revolutionize the workforce with their idea of having transparency at workplace. They want to understand how the organization functions and all the processes involved. More than anything, they want to understand how they contribute to the bigger picture in the organization.
As an HR manager, you can facilitate this by setting OKRs for the employees and aligning them with organizational values and organizational OKRs. This is the approach we use at Engagedly and it creates transparency and every employee has a clear idea of what they are working towards and how they are contributing to achieve the larger goal.
Also read: Six Workplace Trends For 2020
Another thing that organizations need to start focusing on if they want to keep the Generation Z employees on board, is continuous feedback. The Gen Z employees prefer continuous formal/ informal feedback for their performance and not the annual performance/ feedback approach.
At Engagedly, we ditched the annual performance review practice ages ago. As an HR manager, you need to frequently communicate with your employees and start giving them feedback about various aspects of their performance. This helps them understand what exactly is expected of them and how they can improve in future.
Learning And Development
One of the most important things for Gen Z is the need to succeed. Success cannot be achieved without knowledge. And learning is a continuous process. Provide them with on-site learning and development opportunities. Engagedly’s Mentoring Complete allows an organization to assign mentors to employees and help them learn new skills and improve themselves. Engagedly’s LMS also allows you to create and assign courses in various formats.
The Gen Z are said to prefer work-life balance over anything else. Work-life balance should be your priority when it comes to managing Gen Z. Many organizations have started focusing on employee engagement and employee satisfaction.
Through this they have started providing them with on-site entertainment, relaxing hubs, fitness hubs and a lot more things. With all these perks, Gen Z can still feel that work and life balance is not being prioritized which is why you need to be more innovative in promoting work-life balance.
These are a few things to keep in mind when you start working with the Gen Z employees. You can either watch them grow or let them go!
Do you want to know how Engagedly can help you with your Gen Z employees? Schedule a live demo and talk with our experts!
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