The younger generation of workers has experienced a work-life balance transformation in the years since it entered the scene. In Microsoft’s 2022 Workplace Trends Index, a study that analyzed trillions of productivity signals in Microsoft 365, employment trends on LinkedIn, and a survey of 31,000 people in 31 countries, employees shared how the role of work in their lives has changed . The results highlight these drastic changes, such as the imposition of hybrid job limits, the increased need for supportive management, and what employees now say makes a job “worthwhile.”
In this study, 47% said they are now more likely to prioritize family and personal life over work than before the pandemic. In line with this new norm, the Big Resignation saw 17% of employees quit their jobs in 2020. That number continued to rise to 18% in 2021. Among those who left, personal well-being or mental health was the number one reason (24%), followed closely by reconciling work and family life (24%).
This job-switching pattern appears to be far from over. In the next year, more than half of Gen Z and Millennials (52%) said they might switch companies. This is a surprisingly higher figure than Gen Xers and Boomers, of whom only 35% say they are considering a job change.
For younger employees, the study reveals that “flexibility, mobility and entrepreneurial freedom are non-negotiable.” Among the Gen Z demographic, the study shows:
- 52% of hybrid employees move to a new location because remote work allows flexibility
- If “flexibility” appears in a job offer, they are 77% more likely to commit
- 58% are considering a job change in the next year
- Many are considering a change in their work structure, with 58% moving to hybrid work and 56% moving to remote work
For all job seekers, the aspects of the job that they consider “very important” are
- A positive culture (46%)
- Mental health and wellness benefits (42%)
- A sense of purpose and meaning (40%)
- A flexible work schedule (38%)
- More than two weeks of paid vacation per year (36%)
Gen Z share all three of these priorities, but list positive feedback as their fourth priority and a manager to help them advance their career as their fifth.
Although many change companies, Generation Z and Millennials are not limited to a traditional day job. A majority of both generations are hungry for creative opportunities, with 70% of Gen Z and 67% of Millennials reporting that they are considering earning additional income through a side job or business opportunity in 2022.
- Page 2 of 2 70% of Gen Z workers are looking for a side business in 2022
- 70% of Gen Z workers will look for a side business in 2022
The younger generation of workers has experienced a work-life balance transformation in the years it has entered the scene. In Microsoft’s 2022 Work Trends Index, a study that analyzed trillions of productivity signals in Microsoft 365, work trends on LinkedIn, and a survey of 31,000 people in 31 countries, employees shared how the role […]
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