logo
Solving the Gen Z workplace quandary

Solving the Gen Z workplace quandary

Arab News16 hours ago
https://arab.news/p2cst
Companies' experiences with Generation Z graduates (born between 1995 and 2009) are not good. They are firing graduates within a year of hiring them and some firms do not plan on hiring similar college graduates, according to a survey of US companies. Another study by Forbes reported that 45 percent of hiring managers label Gen Z employees as the worst to manage. Common complaints about Gen Z employees include that they are unprepared for the workforce, cannot handle the workload, are unprofessional and unmotivated, have poor organizational and communication skills, do not accept feedback, lack relevant work experience and possess poor problem-solving skills.
Some of these complaints are normal, such as a lack of experience, and should be addressed by employers through better training and preparation programs. As for being unprofessional, complaints range from graduates dressing unprofessionally to coming in late for work, which again can be addressed by having dress codes and policies for punctuality and workplace conduct. Call me old-fashioned, but I was surprised to see young women wearing slippers at corporate and government entities. Educational institutions should work on preparing graduates by improving their critical skills such as time management, decision-making and conflict resolution, as well as their soft skills. But it is really up to the Gen Z graduates entering the workforce to help themselves develop the skills they need.
As Gen X are nearing retirement age or taking early retirement, and Millennials taking their place and seeking promotions, companies need Gen Z graduates to fill internships and entry-level positions, especially since they make up one-third of the workforce in 2025. In Saudi Arabia, the ratio could be even higher, as youth aged between 18 and 35 comprise about 35 percent of the population, according to the 2022 Census. Rather than being rigid in their policies and expectations based on experiences with previous generations, business leaders can learn to accommodate Gen Z graduates, who tend to question historic policies that do not make sense to them. By using new tools and technology to be as productive and efficient, without in-office requirements and fixed working hours, Gen Zers do not see the need to conform. Composing a large share of the population, Gen Z can also get involved in reaching and serving their own age segment, who have different characteristics and expectations.
According to various studies, Gen Z is more motivated by career development opportunities, transparency and work-life balance, and is the most socially conscious generation. A report on Saudi Arabia in the Global Youth Index 2024 by Misk revealed a strong community engagement among Saudi youth, with 59 percent having taken part in or attended activities aimed at addressing local challenges over the past year. Furthermore, large numbers of young Saudis want to voice their opinions and have their voices heard on community issues.
Gen Z grew up with tools and technology that created an 'anywhere, anytime' mindset
Maha Akeel
Gen Z grew up with tools and technology that created an 'anywhere, anytime' mindset, influencing their education, relationships, entertainment and shopping behaviors. They expect this same kind of flexibility and casualness in the workplace. According to research, when this generational expectation is not met, it could lead to a decline in creativity, productivity and loyalty. Some graduates might move on to other companies or establish their own enterprises, and Gen Z is seen to be very entrepreneurial.
A study by Deloitte found that while salary is the most important factor in deciding on a job, Generation Z values salary less than every other generation. Salary is still important, however: If given the choice of a better-paying but boring job or lower-paid work that is more interesting, Gen Z is fairly evenly split over the choice. To win the hearts of Generation Z, the Deloitte study recommends that companies and employers highlight their efforts to be good global entities by demonstrating commitment to aiding a broader set of societal challenges such as sustainability, climate change and hunger.
The good news is that the Gen Z cohort is willing to take part in the corporate world, but up to 30 percent feel their education has not prepared them for it. Therefore, they prefer a workplace that provides mentoring and professional development opportunities. Company culture is very important for Gen Z, and finding the right fit in terms of values does take priority. They feel very strongly about associating with companies that take a stand on important matters, whether it is considering buying from them or working with them. This was confirmed by a 2023 research paper from the University of Business and Technology in Jeddah on job satisfaction among Saudi employees. It found that while salary was the most important factor in why employees quit (45.8 percent), culture was a close second (42.7 percent), followed by promotion (29.5 percent); job security (24.2 percent); low experience gained (19.8 percent); and the appraisal system (19.4 percent).
An interesting career trend rising among Gen Z is 'micro-retirement.' With their focus on well-being and a good work-life balance, instead of waiting until retirement to travel the world, Gen Z are taking time between jobs to have long breaks, whether to travel or take up other passions. Research has found that younger people prioritize mental health, personal fulfillment, and meaningful experiences over a singular focus on career longevity and progression. Social media has played a role in encouraging young people to take up micro-retirement by making it appealing to seize opportunities for memorable experiences, exploring the world, pursuing hobbies, or engaging in passion projects while they are young and physically capable.
Company culture is very important for Gen Z, and finding the right fit in terms of values takes priority
Maha Akeel
Of course, financial feasibility remains the biggest challenge to pursue that, but with fewer dependents since many delay marriage and children, flexible remote work and access to budget travel, Gen Zers find creative ways to make it work. Furthermore, a survey of Gen Zers found that 45 percent expect to work past the average retirement age, with three in four saying they have done little to no financial planning.
Interestingly, while Gen Z are taking 'micro-retirements,' Baby Boomers are leaving retirement and returning to the workforce in droves. According to a survey in the US, 13 percent of retirees are planning to re-enter the workforce in 2025; financial pressures like rising living costs (69 percent) and non-medical debt (34 percent) are key drivers. Beyond financial stability, returning to work offers retirees social benefits, a renewed sense of purpose and opportunities to slow down without giving up on a productive life. I do not know what the situation is in Saudi Arabia regarding retirees returning to work, but it seems from General Authority of Statistics data that the labor force participation rate of Saudis aged 55 and up has remained steady at about 27 percent.
Retirees bring generational diversity to the workplace, institutional knowledge, expertise and mentorship capabilities. Plus, younger employees gain access to the wisdom and experience of older colleagues, helping to shrink knowledge gaps in the workforce. I loved the 2015 movie 'The Intern,' starring Robert De Niro as a 70-year old retiree who goes back to work as an intern at an online fashion store, and makes an impact on his young coworkers and boss.
It is crucial to reshape traditional work practices and create environments where both Baby Boomers and Gen Z can thrive. Both generations can benefit from flexible roles, such as part-time or project-based positions, and learn from each other.
Gen Z is redefining work. Rather than resisting the shifts in their mindsets, smart employers can adapt by accommodating career breaks, remote work and flexible hours, providing training and development, and fostering an inclusive, collaborative, values-based culture. Employers who adapt will attract and retain top talent in an evolving workforce.
• Maha Akeel is a Saudi expert in communications, social development and international relations. She is a member of the UN's Senior Women Talent Pipeline.
X: @MahaAkeel1
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

World food prices at 2-year high on rising meat and edible oils, FAO says
World food prices at 2-year high on rising meat and edible oils, FAO says

Arab News

time15 minutes ago

  • Arab News

World food prices at 2-year high on rising meat and edible oils, FAO says

PARIS: World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the UN's Food and Agriculture Organization said. The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6 percent increase from June, FAO said. That was the highest reading since February 2023, though the index was 18.8 percent below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine. FAO's meat price index hit a new all-time high of 127.3 points, up 1.2 percent from its previous peak in June, as strong import demand from China and the US boosted beef and sheep meat prices, the agency said. US beef imports have climbed after drought led to a decline in the domestic cattle herd. China shipped in record amounts of beef last year amid growing popularity of the meat, though an official probe into imported beef has raised uncertainty about Chinese demand. In other meat markets, poultry prices rose slightly following the resumption of imports of Brazilian chicken by major buyers after Brazil regained its avian influenza-free status following action against a first farm-level outbreak. In contrast, pig meat prices declined due to sufficient supplies and lower demand, particularly in the EU, FAO added. The agency's vegetable oil index surged to 166.8 points, up 7.1 percent month-on-month and the highest level in three years. This increase was driven by higher quotations for palm, soy, and sunflower oils due to robust global demand and tightening supplies, though rapeseed oil prices fell as new-crop supplies arrived in Europe, FAO said. FAO's cereal price benchmark eased to its lowest in almost five years, reflecting seasonal supply pressure from wheat harvests in the Northern Hemisphere. Its separate rice index dropped 1.8 percent last month, driven by ample export supplies and weak import demand. Dairy prices edged down for the first time since April 2024, with declines for butter and milk powders offsetting further gains for cheese. FAO's sugar price index eased for a fifth consecutive month on expectations of increased production in Brazil and India, despite indications of recovering global sugar import demand, the agency said. FAO did not update its cereal supply and demand estimates this month.

Gold futures hit record high above $3,500
Gold futures hit record high above $3,500

Argaam

time3 hours ago

  • Argaam

Gold futures hit record high above $3,500

Gold futures surged on Friday to a record high after a report that the US imposed tariffs on imports of gold bars. This also came amid hopes of US interest rate cuts. December gold futures rose 1%, or $35.70, to $3,489.40 per ounce, after touching $3,534.20—the highest level on record for the most active gold contract. Spot gold prices, meanwhile, slipped slightly by 0.1%, or $3.71, to $3,392.67 per ounce at 8:42 am Makkah time. The US dollar index—which measures the greenback's performance against a basket of six major currencies—fell 0.15% to 98.25 points. September silver futures gained 0.6% to $38.52 per ounce. Spot platinum prices fell 0.6% to $1,332.78, while spot palladium prices dropped 0.95% to $1,153.11. The price spread between New York futures and spot prices widened by about $100 after the Financial Times reported on Thursday that the US had imposed tariffs on imports of 1-kg gold bars, citing a letter from Customs and Border Protection. J.P. Morgan expects the Federal Reserve to cut interest rates by 25 basis points at each of its next four meetings, bringing the rate down to 3.5%. In a note issued on Aug. 7, J.P. Morgan said its forecast comes amid signs of a slowdown in both the labor market and the broader economy, Reuters reported.

Japan says US promises to fix double tariff oversight
Japan says US promises to fix double tariff oversight

Al Arabiya

time7 hours ago

  • Al Arabiya

Japan says US promises to fix double tariff oversight

Japan said Thursday that the US has pledged to amend a presidential order to prevent overlapping tariffs on Japanese goods, addressing what Tokyo's trade negotiator described as a 'regrettable' oversight. During talks in Washington, Ryosei Akazawa urged US Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to ensure that a newly agreed fifteen percent tariff would not be stacked on top of existing duties on imports such as beef. Akazawa said the US officials told him they would revise the July 31 presidential order—which already included a no-stacking clause for the European Union but not for Japan—and refund any excess duties collected. They also said former President Donald Trump would lower auto tariffs from twenty-seven point five percent to fifteen percent through a separate executive order, in line with last month's bilateral trade agreement. 'Frankly, I did not expect to be visiting the US again so soon after my last trip,' said Akazawa, who has now traveled to Washington nine times since April. The US Treasury and Commerce Department did not immediately comment on the latest meetings. News of the changes, combined with strong corporate earnings, helped push Japan's broad Topix index above the key 3,000-point mark for the first time. Reports about the tariff fix 'calmed fears over US tariffs and helped drive the market higher,' said Shoji Hirakawa, chief global strategist at Tokai Tokyo Intelligence Lab. Japan is one of eight major US trading partners to strike a trade framework deal, and the fifteen percent tariff rate is considered relatively low. However, confusion arose after the US began collecting higher tariffs on August 7 from dozens of countries, including a fifty percent levy on Brazilian imports, thirty-nine percent on Swiss imports, and thirty-five percent on Canadian goods. Much of what Akazawa negotiated directly with Trump in July was not included in a signed document, fueling concerns in Tokyo that Japanese companies could face higher-than-expected tariffs. Prime Minister Shigeru Ishiba, who has faced criticism for not issuing a joint statement with Trump, defended the decision by saying it was intended to accelerate implementation of the agreement. Ishiba is under pressure within his party to step down following last month's upper house election loss. To help finalize the deal, Japan agreed to boost investment in the US by as much as $550 billion through government-backed loans and guarantees for joint projects. Trump later likened the pledge to a baseball player's signing bonus that Washington could use as it saw fit. Akazawa declined to say whether the investment pledge was discussed during this week's talks. Japan 'will continue to maintain close communication with the US side at various levels,' the government said in a statement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store