The once-stable 9-to-5 job is increasingly becoming a thing of the past. Workers are struggling to thrive in a challenging economy, and few are even aspiring for traditional corporate success.ย ย ย
More than half of workers (61%) believe the idea of a โstable full-time jobโ is a myth in todayโs hiring landscape, including 72% of Gen Z professionals, according to a new report of 3,000 employed adults from background checking company Checkr. Around 42% of all respondents, and more than half of Gen Z (52%) say they have side hustles or second jobsโnot by choice, but because their current pay doesnโt meet their financial needs.
โFor employers, these insights are a call to action,โ says David Patterson, director of communications at Checkr, in a blog post about the report. โIn a time when polywork is often a necessity, companies that take meaningful steps to support their employeesโ financial stability might earn stronger loyalty and stand out as employers of choice.โ
If you thought that financial duress is making workers feel motivated to aim for the corporate office, think again. The majority of employees are unenthused by the prospect of becoming a bossโaround 76% of workers overall agree that leadership roles are unattractive because of things like burnout and office politics, including 80% of Gen X and 76% of millennials. Around 61% of workers say that the climb up the corporate ladder feels outdated, with Gen Z and millennials just about tied at 65% and 62% respectively.
Even as workers become increasingly disillusioned with traditional career paths, however, theyโre still looking for a sense of purpose at work. Around 45% of employees overall said that they would take a pay cut if they had a job that was in sync with their values, but still offered room for career growth. Thatโs particularly true for younger generations like Gen Z (52%) and millennials (46%).
โBy recognizing that todayโs workers want more than just titlesโthey want meaningful work, personal growth, and purpose-driven culturesโcompanies can design career paths that truly inspire,โ the report reads.
Written by Brit Morse for Fortune as โโStable careers are a myth and no one wants to be a leader: A new report reveals the depths of worker pessimism with corporate Americaโ and republished with permission.
