Make Way for Gen Z

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Move over, Millennials. Based on a Bloomberg analysis of U.N. data, Generation Z (those born after 2000) will account for 32 percent of the global population of 7.7 billion in 2019. As this group starts to enter the workforce, it's a good time to review a few recent studies that reveal Gen Z demonstrates a different world view than its predecessors. Notably, Gen Z (also called iGen and Post-Millennials) has never known a world without the Internet. They were born into a constantly connected world, with access to instant information and interaction with peers.

Move over, Millennials. Based on a Bloomberg analysis of U.N. data, Generation Z (those born after 2000) will account for 32 percent of the global population of 7.7 billion in 2019. As this group starts to enter the workforce, it's a good time to review a few recent studies that reveal Gen Z demonstrates a different world view than its predecessors. Notably, Gen Z (also called iGen and Post-Millennials) has never known a world without the Internet. They were born into a constantly connected world, with access to instant information and interaction with peers.

Key Data Points

2 in 5

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41 percent said corporate offices are their workplace preference.

41 percent said corporate offices are their workplace preference.

8 in 10

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80 percent think failure makes them more innovative, and 17 percent said it prepares them for new challenges.

80 percent think failure makes them more innovative, and 17 percent said it prepares them for new challenges.

2/3

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63 percent prefer to receive timely constructive feedback throughout the year, and largely all of them (97 percent) are receptive to receiving feedback on an ongoing basis or after completing a large project or task.

63 percent prefer to receive timely constructive feedback throughout the year, and largely all of them (97 percent) are receptive to receiving feedback on an ongoing basis or after completing a large project or task.

1 quarter

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Gen Z wants wearables (27 percent) and virtual reality (26 percent) incorporated into the workplace.

Gen Z wants wearables (27 percent) and virtual reality (26 percent) incorporated into the workplace.

63%

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Almost two-thirds said they feel it is most important to work with people with diverse education and skill levels.

Almost two-thirds said they feel it is most important to work with people with diverse education and skill levels.

29%

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Nearly one-third of Gen Zers selected "work-life balance" as their number 1 priority for choosing a job, followed closely by career advancement opportunities at 24 percent.

Nearly one-third of Gen Zers selected "work-life balance" as their number 1 priority for choosing a job, followed closely by career advancement opportunities at 24 percent.

1/4

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Gen Zers are not afraid to venture outside of their comfort zones when presented with a new challenge—24 percent said they are excited and honored for the opportunity.

Gen Zers are not afraid to venture outside of their comfort zones when presented with a new challenge—24 percent said they are excited and honored for the opportunity.

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Sources: Comparably ; PR Newswire ; Future Workplace and Randstad US

Sources: Comparably ; PR Newswire ; Future Workplace and Randstad US

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Read more from CTDO magazine : Essential talent development content for C-suite leaders.

Read more from CTDO magazine: Essential talent development content for C-suite leaders.