Work-life balance over salary? 47% of Gen Z plans to leave jobs within two years

The report, titled “Gen Z at workplace”, is based on a survey of over 5,350 Gen Z and 500 HR professionals, conducted by Unstop — a talent engagement and hiring platform for students and graduates.

The report highlighted a significant concern among Gen Z professionals, with 51 per cent expressing fear of job loss at present. This anxiety extends to their career prospects, as 40 per cent worry about securing positions in their preferred fields upon entering the job market. (Also Read: This Gen Z employee’s ‘out of office’ email is truly a work of art. Watch)

“Despite these reservations, Gen Z demonstrates a clear set of priorities when it comes to their careers. 77 pc of the respondents prioritise the role or brand over commercials, with 43 pc specifically seeking hands-on experience and growth opportunities. This focus on professional development is further emphasised by the fact that 72 pc of Gen Zs consider job satisfaction more important than salary,” the report said.

The study also revealed a disconnect between Gen Z’s motivations and HR perceptions.

“While 78 pc of Gen Zs switch jobs for career growth, 71 pc of HR professionals assume it is primarily for better pay. In reality, only 25 pc of Gen Zs prioritise money as their main motivation while switching jobs.

“Work-life balance is one of the crucial factors to consider in any job for Gen Zs, with 47 pc of them citing this as a key element when evaluating potential employers. Their ideal workday involves completing routine tasks efficiently, leaving room for skill-building and productivity without feeling overwhelmed,” it said.

The report underscored Gen Z’s ambition and desire for growth. Their top priority is a solid career path with room for promotions, accompanied by a vibrant, supportive culture.

“While 44 pc of recruiters believe Gen Z values company culture more than career progression, the reality is more nuanced. Gen Z seeks a balance of both, with a strong emphasis on opportunities for personal and professional development,” it said. (Also Read: 73% of Gen Z and millennials prefer off-peak travel time, Egypt tops solo travel charts)

The report also delved into other aspects, such as Gen Z’s top reasons for switching jobs, top concerns while entering the job market, their expectations with respect to mental health, and their varied working style that shifts from the one-size-fits-all approach.

“For the youngest generation in the workforce, work isn’t just a place you go to every day to get your account credited regularly. It has to fit into several key aspects of your life seamlessly,” Ankit Aggarwal, Founder and CEO of Unstop, said.

“They (Gen Z) are reminding us that work should be a part of life, and not the other way around… It’s a call to action for employers and recruiters. Those employers who adapt to these fast-changing expectations will be preferred by the new generation of employees,” he added.