Generation Z are arriving
Every organisation is faced with the challenge of managing a multi-generational workforce. Looking ahead, many of the blue chip companies that we are working with at OE Cam recognise that adapting to the needs of gen Z (those born after 1995) is the imminent task. Indeed Universum’s research* of 49,000 gen Z members across 47 countries suggests that this new generation already makes up 3% of the workforce.
Against pre-conceptions, gen Z is not simply an amplification of gen Y and its traits - but is significantly different in many ways. Not only are they the first truly digital natives, but they have been raised in an environment where they have been given leadership opportunities throughout their schooling, encouraged to challenge and think independently. They have grown up through uncertainty, observed the difficulties their parents faced through tough economic times and seen more radical differences than other generations e.g. with digital advancement. As a result they bring new values to the workplace.
So, what are the implications for organisations? There are four ways in which leaders can prepare for gen Z: