COMP NEWS – A new survey finds that Gen Z is leaving jobs that don’t align with their values – and even pay raises aren’t enough to overcome the difference.
Following the Great Resignation where record numbers of employees globally quit their jobs and Quiet Quitting – a name given to a trend where employees over time actively chose to not go ‘above and beyond’ in the workplace, it’s perhaps no surprise that Gen Z and Millenials don’t quite have the same unshakeable loyalty to the workplace that previous generations had.
According to new research conducted by Censuswide in collaboration with professional social media website LinkedIn, 6 in 10 employees have stated that they wouldn’t work for a company that didn’t share their values and for 53% of those, even a pay rise wouldn’t be enough.
In fact, a fifth of professionals are currently considering leaving their jobs and 60% are looking specifically for companies that align with their personal values. These values include work-life balance (62%), opportunities for career growth (43%) and diversity, equity and inclusion (37%) being the most popular priorities.
Data from LinkedIn shows that entry-level jobs are increasingly referencing company culture and values in a bid to increase employees who value work-life balance and ethical practices.
This data, based on 2,065 workers aged 18+ between 24.03.23 and 29.03.23 aligns perfectly with current job listings on LinkedIn. Entry-level jobs that reference culture and values have increased by 154% over the past two years and jobs that reference a work-life balance increasing by 65% in that time.
Basically, when it comes to the workplace, it’s more than just a job to many professionals. 90% of Gen Z and millennials have considered or are considering leaving their workplace for one which more aligns with their values.
This is in contrast to 79% of Gen X and 74% of Baby Boomers but these numbers do suggest that this is not a trend that will be fading anytime soon and employers should put their words into action.
To read more about how Gen Z and their adherence to values in the workplace, click here.
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