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Labor + Economics

2024 will be Gen Z's year to change work as we know it

November 17, 2023

Labor + Economics

2024 will be Gen Z's year to change work as we know it

November 17, 2023

Photo by Beth Jnr on Unsplash

  • A new report suggests there will likely be more Gen Zers working full-time than boomers by early 2024.
  • However, millennials will still be the biggest group of full-time workers for several years.
  • Meanwhile, some Gen Xers are getting ready to make retirement decisions.

By early next year, the number of Gen Zers working full-time will likely overtake the number of baby boomers holding full-time positions for the first time, according to a new Glassdoor report.

That shift in demographics is expected to change how employers attract young talent since Gen Zers have different priorities compared to their older colleagues. For example, Gen Zers have a high interest in transparency and diversity, equity, and inclusion at the companies where they work, Glassdoor's chief economist Aaron Terrazas said. They are digital natives and want to be heard by their employers, he added.

"Companies inevitably tailor their culture and their benefits to the types of workers that they are trying to attract and trying to retain," Terrazas told Business Insider. "We know that the types of workplace culture and benefits that Gen Z values is different than baby boomers."

Read full article here.

A new report suggests there will likely be more Gen Zers working full-time than boomers by early 2024.
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