While it is Gen Z who are making their presence in the workplace known, it’s Millennials that are leading the push for updates in arrangements.
According to a survey from software firm WorkJam, two-thirds of executives believe Millennials are driving the Great Resignation, or Great Reshuffle.
But why?
Another poll from Axios shows that demand for remote work may be the motive. In fact, Millennials were the top generation to demand working remotely at 84%. In comparison, 66% of Gen Z, 68% of Baby Boomers, and 75% of Gen X felt the same.
This has driven resignation rates among this age group, with the Axios poll showing that 57% of Millennials would change jobs and take a pay cut for more flexibility.
“While turnover is typically highest among younger employees, over the last year, resignations actually decreased for workers in the 20 to 25 age range, likely due to a combination of their greater financial uncertainty and reduced demand for entry-level workers,” said Ian Cook, vice president of people analytics at Visier.
As a result of increased responsibilities and picking up the work that others have left behind, Millennials are feeling the weight of burnout.
Generally, Gen Z and Millennials are on the same page in terms of their workplace desires. Both work groups have increasingly prioritized a work-life balance, DEI efforts, and flexible work options. However, it remains that Millennials are growing to desire bigger changes.
