In today’s fast-paced digital era, Gen Z and Millennials find themselves navigating uncharted territory. At the same time, they grapple with significant global economic shifts. A recent study by the global consulting firm, Deloitte, provides enlightening insights. More specifically, it delves into how these younger generations are striking a balance between financial stability, personal well-being, and the pursuit of meaningful work.
Furthermore, the Deloitte Gen Z and Millennial Survey offers a diverse global perspective. Impressively, it gathered insights from over 23,000 participants across 44 countries. As a result, the findings provide a unique insight into Gen Z and Millennial attitudes toward organisations and the role of technology in society. In addition, they shed light on their views on issues like climate change and diversity and inclusion priorities. In the end, these insights paint a rich picture of the unique blend of aspirations, values, and concerns that define the Gen Z and Millennial generations.
Striking a Balance Between Financial Stability and Personal WellBeing
One fascinating finding from the survey concerns Gen Z and Millennials’ desire for a balanced life. Evidently, they highly value financial success and personal well-being. They view their careers as part of a wider lifestyle aspiration, not just a means to accumulate wealth. However, achieving this balance proves to be a challenging feat.
Moreover, these generations exhibit a heightened sense of anxiety and stress. Their greatest concerns revolve around job security and financial stability. Interestingly enough, a large proportion of respondents also voiced concerns over social issues such as climate change and social equality. They firmly believe that businesses should take a proactive role in addressing these societal challenges.
Contrary to popular belief, this younger generation doesn’t wish to abandon the corporate world. Instead, they are in search of employers who resonate with their values. In addition to that, they desire stability, flexibility, and opportunities for personal growth. Therefore, in order to attract and retain top talent from these generations, organisations must consider these factors.
In summary, the Deloitte survey offers valuable insights that are vital for businesses, policymakers, and society at large. By understanding the priorities, concerns, and aspirations of Gen Z and Millennials, entities can respond more effectively. This involves meeting the needs and expectations of these generations, thereby fostering an environment where they can thrive.
As the younger generations are poised to become the largest demographic in the workforce, their perspectives will undoubtedly shape the future of work, the economy, and society. For this reason, understanding their delicate balance between financial stability and personal well-being is paramount. This balance is something that both businesses and policymakers need to comprehend and consider.
