Are you ready for Gen Z in your finance department?
Just when you were figuring out how to handle Millennials in the workplace … in comes Generation Z!
Seventeen million of these folks, born from 1997 on, are now adults entering the workforce.
And in many ways they’re extremely different from any other generation.
As these folks become everything from your new payroll clerk to your next auditor, here’s what you need to know.
Wanted: financial stability above all else
As with Baby Boomers and GenXers, you never want to paint an entire generation with a broad brush. But there are some very distinct trends among GenZers that you’ll need to be aware of:
- They crave financial stability. This group came of age during the economic collapse of 2008. So finding a job that provides this is Priority No. 1.
- They want to make money. Who doesn’t, you say? But 83% of this group says it’s important to be well-off. That’s much higher than the Millennials, who seek meaningful work first.
- They’ll put in the extra hours. GenZers are much more willing to work overtime than the Millennials before them.
- They don’t necessarily want to strike out on their own to do it. These folks are considered more pragmatic than entrepreneurial.
- They need a career path. A job with “opportunity for growth” is important to 41% of GenZers, vs. 30% of Millennials. So that’s something you’ll want to map out with them from the get-go.
- They have an even more limited attention span. You thought Millennials had trouble focusing! Get ready – The average attention span for a member of GenZ is a mere eight seconds. You got at least 12 with the generation before them.
Free Training & Resources
Webinars
Provided by Yooz
Further Reading
Wage bases for 2026 are rolling out. You can ensure you’re accurately withholding for state unemployment insurance (UI) tax. Here’s...
The Census Bureau requires businesses to complete the Economic Census to report on years ending in 2 and 7. With that in mind, watch out fo...
A federal court found a worker had been misclassified and identified more than 800 hours of potential overtime. But the Fifth Circuit still...
Chicago employers with tipped workers can leave the tipped cash wage where it is — a previously scheduled July 1 step-up is off — f...
The Internal Revenue Service (IRS) has released the Affordable Care Act (ACA) affordability update for 2027, giving employers a new figure ...
Heads up: You may need to ask to see certain employees’ Form I-9 documents, even if they were hired several years ago. That’...