- The Ethical Workplace: As mentioned in 10 Youth Trends, Gen Zers and millennials feel strongly about addressing ethical and environmental concerns. While most of them don’t believe businesses have a positive societal impact, 50% of Gen Zers and 46% of millennials want their employers to act on climate change. However, about half of both demographics think their employers have deprioritised sustainability.
- Negotiating the Work-Life Balance: Work-life balance is a major consideration for both Gen Z and millennials when choosing employers. More than three quarters want more flexibility or reduced working hours. Flexible schedules, four-day working weeks, job sharing and better career advancement opportunities for part-time employees are suggested by survey respondents to achieve a good balance.
About three quarters of Gen Zers and millennials say their workload and poor work-life balance contribute to high stress levels, and 46% of Gen Zers report feeling anxious at work most or all of the time. Adding to this, 51% of Gen Zers and 39% of millennials have experienced harassment at work in the past year. - Gen Side-Hustle: As highlighted in Tomorrow’s Independent Workers, interest in part-time work and side jobs is rising. Forty-six per cent of Gen Zers and 37% of millennials have taken on an additional job for extra income and/or skills development.
- Key Life Stressors: The high cost of living, geopolitical tensions, climate change and unemployment are the main concerns among Gen Zers and millennials. More than half live pay cheque to pay cheque, leading them to adopt frugal (and eco-minded) behaviours, such as forgoing car ownership, avoiding fast fashion, following a vegetarian or vegan diet, and/or opting out of having children. Read more on frugality in our upcoming Anti-Consumerism report, publishing in July.
Deloitte’s 2023 Millennial & Gen Z Survey: Four Key Takeaways
Published 30 May 2023
Deloitte’s 12th annual Gen Z (born between 1996 and 2009) and millennial (born between 1981 and 1995) survey compiles global attitudes towards work and society. We dissect the key takeaways.
Key Stats
Deloitte’s 2023 Millennial & Gen Z Survey: Four Key Takeaways |
|
- The Ethical Workplace: As mentioned in 10 Youth Trends, Gen Zers and millennials feel strongly about addressing ethical and environmental concerns. While most of them don’t believe businesses have a positive societal impact, 50% of Gen Zers and 46% of millennials want their employers to act on climate change. However, about half of both demographics think their employers have deprioritised sustainability.
- Negotiating the Work-Life Balance: Work-life balance is a major consideration for both Gen Z and millennials when choosing employers. More than three quarters want more flexibility or reduced working hours. Flexible schedules, four-day working weeks, job sharing and better career advancement opportunities for part-time employees are suggested by survey respondents to achieve a good balance.
About three quarters of Gen Zers and millennials say their workload and poor work-life balance contribute to high stress levels, and 46% of Gen Zers report feeling anxious at work most or all of the time. Adding to this, 51% of Gen Zers and 39% of millennials have experienced harassment at work in the past year. - Gen Side-Hustle: As highlighted in Tomorrow’s Independent Workers, interest in part-time work and side jobs is rising. Forty-six per cent of Gen Zers and 37% of millennials have taken on an additional job for extra income and/or skills development.
- Key Life Stressors: The high cost of living, geopolitical tensions, climate change and unemployment are the main concerns among Gen Zers and millennials. More than half live pay cheque to pay cheque, leading them to adopt frugal (and eco-minded) behaviours, such as forgoing car ownership, avoiding fast fashion, following a vegetarian or vegan diet, and/or opting out of having children. Read more on frugality in our upcoming Anti-Consumerism report, publishing in July.