Gen Z’s Hopping for Meaning Over Money

A new survey published by ResumeLab reveals that Gen Z is seeking more work-life balance, meaningful job roles, and personal growth over hefty paychecks — and they’ll forgo stability to get it. A staggering 83% of Gen Z workers identify as “job hoppers,” according to an analysis of the data published by Fast Company. 

This inclination to move between jobs isn’t limited to those with degrees; 77% of the survey’s respondents without degrees also considered themselves job hoppers, according to the report. However, it’s important to note that while a larger portion of Gen Z employees might be contemplating their next career move, they aren’t necessarily in a rush. The study reveals that the majority aim to spend between two to five years with their current employers, with a significant 43% planning a two-year stint. 

ResumeLab’s data suggests a paradox among Gen Z values and preferences. On one hand, Gen Z seems to be in perpetual motion, with only 33% of Gen Z workers having held just one job. That number drops to only 16% for Gen Z workers who hold a master’s degree. On the other hand, a vast majority, or 97%, claim that work forms a crucial part of their identity.  

What’s driving the younger generation to frequently change jobs so early in their professional careers? The survey’s data shows that it’s not the paycheck. According to Fast Company, while competitive salaries are deemed important by 70% of respondents, the survey also shows that a portion of Gen Z prioritizes other aspects of jobs over a paycheck.  

A healthy work-life balance was found to be paramount for 73%, followed closely by fulfilling job roles, good coworker relationships, and opportunities for meaningful work and career development. 

The top reasons for leaving their current positions are also telling. Excessive overtime, a clash of values with employers, and job-related unhappiness are the primary culprits. Astonishingly, 75% would be willing to leave their current positions even without another job lined up, according to Fast Company. 

The trends among Gen Z employees suggest that the demographic is a more transient workforce that values personal growth and well-being over traditional job security. Gen Z might drive a shift in the workforce towards shorter job tenures — driven by different work preferences that prioritize meaningful roles, work-life balance, and personal values. To attract and retain top Gen Z talent, understanding and adapting to these preferences will be instrumental for businesses to thrive.