
Why Gen Z Craves The Freedom To Make Mistakes At Work
Getty Images
Why does Gen Z crave the freedom to make mistakes at work? Well, take a trip with me back in time to see some reasons. I want you to imagine your early 20s.
You remember those moments, right? They were incredibly awkward and wonderful moments of trying to figure out your life and reach every dream before you're 30. After all, how many of us wanted to be on the Forbes 30 Under 30 list? I'm guessing the majority.
Now, imagine your very first job interview. You may have chosen your lucky outfit, packed your portfolio with your best ideas, and even grabbed your MapQuest directions as you stepped out of your apartment, ready to embrace a world of possibilities. But, despite your knees shaking and heart racing, you felt at ease when you walked into a packed room of your peers. After all, you can size up your competition and figure out how to stand above the rest during your in-person interview.
Fast forward a few years and picture the same scenario for Gen Z. Everything has changed. They aren't greeted by their peers, and many aren't even greeted by a real person. The days of walking into a room and sizing up the competition are long gone. Unlike previous generations, Gen Z don't necessarily have the privilege of simply trying to outshine their peers for recognition. After all, close to 40% of managers right now would rather invest in robotics than venture into the unknown world of Gen Z employees. And why wouldn't they? If AI can save the company millions, why would they risk it all to bet on Gen Z? Even Shopify CEO Tobi Luke is getting on this trend. In a recent MSNBC article, Luke revealed that all employees will have to prove that AI is lacking in some way before even considering hire anyone new.
Think about the pressure of having to prove yourself against a machine that's 99.9% correct most of the time. There's no opportunity to build camaraderie or form a strong rapport with your coworkers or managers. Because, in all honesty, the only measuring tool for your success is artificial intelligence.
Now, I'm a massive supporter of AI. Any company looking to attract and retain top Gen Z talent needs to integrate this valuable technological source across their company. However, I also recognize the humongous pressure now placed upon Gen Z, especially as new hires. They lack the freedom to make mistakes.
When they're only given one option, which is to perform at 100% 24/7, they lose the ability to be innovative and imaginative, and to lead with curiosity. Now, according to Bill Gates, he believes that AI has the power to not only amplify the creativity and ingenuity of humans. He goes one step further and states that, 'AI, truly has the power to become a full replacement for humanity.'
On the opposite side of the debate, according to a recent survey by Wiley, 80% of respondents believe that soft skills, such as team development, leadership, and communication will still be more valuable than artificial intelligence and it's impact on the modern workplace. However, soft skills need room to develop, and that's a big risk.
Now, I know it's a daunting endeavor to invest in Gen Z. But, when you bet on them, you gain the ability to make your company more profitable and productive. Because by giving this generation the freedom to make mistakes, you're not only fostering a more creative and innovative work environment, but you're also tapping into the unique perspectives and ideas that Gen Z can bring to your business.
And after all, many companies who have tasted the sweetness of success have also experienced the feeling of failure, and they're much better off because of that experience. Just look at Jeff Bezos, Henry Ford, and even Arianna Huffington, a woman who experience over 35 rejections for her second book proposal. But look at what they became. All of these moguls leaned into their mistakes and used each experience as a building block toward success.
Think about your own life and career? What were your most significant moments? Did success lead you to where you are now, or did you fail forward? In a time of AI, how do we enable and encourage Gen Z to make mistakes, experiment, and think outside the box? Here are three ideas to help shape your business into an environment of innovation and inspiration.
Like every generation starting their careers, Gen Z comes with almost zero experience when first hired. Their resumes may include professor recommendations, internship experience, or character references, but hiring Gen Z is, for the most part, a significant gamble. However, it's important to remember that this generation also brings with them a wealth of potential and fresh perspectives that can truly bring tons of value to your business.
Many managers and executives feel frustrated and uneasy about investing in this generation. In fact, according to Deloitte, 66% of them are scared half to death to risk it all and invest their time and money into new hires. This reality is understandable. After all, venturing out and taking a risk on Generation Z is a massive leap of faith. However, the results can yield incredible rewards if you're willing to take this risk.
If you provide Gen Z an environment that encourages them to make mistakes, be innovative, and color outside the lines, they will become one of your most valuable assets. This is why it's imperative that you create an environment that gives new hires the freedom to exceed your expectations. By doing so, you not only show confidence in their ability but also inspire them to take your business to the next level.
According to a recent report from the World Economic Forum, more than 41% of employers globally plan to drastically cut down their workforce because of access to artificial intelligence.
The problem with this turn of events is that AI is potentially infringing upon the job market for Gen Z and threatening their ability to attain entry-level employment. Now, I'm a strong advocate of AI regarding business integration and usability. However, as a replacement for human employment, I have my concerns. For example, AI cannot lean into creativity. It can't see all angles of repercussions. In fact, the one thing that it can do is obey commands. So, where does that leave innovation?
Without the human element, companies will be held to the same standard, and they won't be able to exceed past AI capabilities. On the other hand, Gen Z will be able to experiment and find tons of ideas that meet your customer needs and expectations.
For instance, they might come up with new marketing strategies that resonate with younger audiences or innovative product designs that cater to changing consumer preferences. They're able to do this because they have the freedom to make mistakes and figure out what works and what doesn't.
Think about it: It took Thomas Edison 10,000 times to figure out how not to make the light bulb. And rather than complaining about his own frustrations, he famously said, 'I have not failed 10,000 times. I've simply found 10,000 ways on how not to make a light bulb.'
In the same way, it took Steve Jobs years to create the iconic iPhone. Without the freedom to experiment, fail and figure things out the hard way, the products, software, and systems that are normative in our day-to-day experience would have never come into existence. Success has and always will be dependent upon failure.
The ability to try and try again is what makes companies great. The freedom to make mistakes at work is what will set your company apart for Gen Z and attract the top talent you need to stand out and stand above your competition. Consider these ideas and start implementing them in your business today.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Post
23 minutes ago
- New York Post
Why Trump is starting ‘not to give a crap' if TikTok goes dark — at least briefly
President Trump is starting 'not to give a crap' if TikTok briefly goes dark as the end to the latest ban extension looms, On The Money has learned. Trump has tired of China dangling TikTok as a carrot to gain an advantage in ongoing trade talks over tariffs, people with knowledge of the discussions said. The two sides have been close to a trade deal, Trump and Treasury Secretary Scott Bessent have said in recent days, ahead of next Tuesday's deadline for an agreement. 3 There's a 50-50 shot TikTok fades to black come the Sept. 17 deadline for a deal – at least for a while until both Trump and Chinese President Xi Jinping settle on a trade pact that includes keeping the app live. Donald Pearsall / NY Post Design But those talks could also stretch into the fall as they hammer out the final details, Bessent has suggested. That's why the betting inside the TikTok deal pool is that there's a 50-50 shot it fades to black come the Sept. 17 deadline for a TikTok deal – at least for a while until both Trump and Chinese President Xi Jinping settle on a trade pact that includes keeping the app live. You might be thinking that Trump just might kick the can down the road with another executive order extension, right? Well not so fast, I am told, including by one person close to the TikTok talks who relayed the lack of 'crap' Trump feels if the video-sharing app is briefly yanked. The deal only works if US investors are ready to put up tens of billions of dollars to buy the app from the Chinese company ByteDance, and if the Chinese are willing to give up enough control to satisfy the ban law. 3 The deal only works if US investors are ready to put up tens of billions of dollars to buy the app from the Chinese company ByteDance, and if the Chinese are willing to give up enough control to satisfy the ban law. AFP via Getty Images Investors, however, are getting nervous over the multiple extensions by Trump that appear to be circumventing established law. They fear there might come a point when Congress says enough. Also, China wants to retain a minority stake in the company and ownership of the all-important app that keeps users engaged by offering them a nonstop supply of preferred videos. Investors are hearing from China-hawks in Congress — those who really believe the app's user data is used by the Chinese surveillance state for spy-craft purposes — that even a minority stake by the Chinese might violate the law. 3 TikTok supporters in 2023 protesting against a ban. Getty Images If so, and if they agreed to a deal, these investors could be on the hook for hundreds of billions of dollars of liability if let's say a less deal-friendly DOJ after Trump leaves office brings a case given the way the ban law is written. Some private investors are demanding indemnification or their out. Trump may also be losing patience with the whole TikTok saga. He has touted that he has multiple buyers to create what is essentially a new US company to keep it alive, but people involved in the deal doubt that he will allow Xi to use it as a bargaining chip in the broader trade deal, I am told. He isn't going to give up a lot just to keep TikTok alive, they predict. A White House spokesman had no comment. TikTok and its estimated 170 million US users got a new lease on life after its once fiercest critic, Trump, pulled a major U-turn. He wanted it banned when he was president the first time, believing it was used by the Chinese surveillance state for nefarious purposes. More recently, he wanted it saved after he came to believe pro-Trump messaging on the app helped him win in 2024 by turning a swath of TikTok's youngish users into die-hard MAGA supporters. Just hours into his second term, Trump overruled bipartisan legislation signed into law by President Biden and upheld by the Trump-friendly Supreme Court that banned the app unless it divested from the Chinese by Jan. 19. Through executive orders he has extended the life of the app several times since.


Forbes
an hour ago
- Forbes
Money Market Interest Rates Today: August 8, 2025 - Earn Up To 4.35%
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market. As of today, the highest money market rate is 4.35%, compared to a national average rate of 0.52%, according to Curinos. Here are today's money market account rates: A money market account (MMA) is a type of interest-bearing deposit account offered by banks and credit unions that works like other savings accounts: You deposit money into the account and earn interest on your balance. You can withdraw funds whenever you need to, but you may be restricted to six transactions per statement period. Money market accounts typically pay higher interest rates than other deposit accounts, including traditional savings accounts. And unlike typical savings accounts, they often offer debit cards, check-writing capabilities or both, providing convenient access to cash. Money market accounts often have higher deposit and balance requirements than many bank accounts. MMAs at banks are insured by the Federal Deposit Insurance Corp. (FDIC), while MMAs at credit unions are insured by the National Credit Union Administration (NCUA). In both cases, depositors are covered for up to $250,000 per account type, protecting your money in the event of bank failure. To open a money market account , start by comparing the best yields on the market, but only include those accounts with minimum requirements you can meet. In addition to rates and minimums, consider account fees, withdrawal limits and other features to find the best fit. When you're ready to open an account, submit an application online or at a bank branch. The application will ask for personal information, including your name, address, Social Security number, employment status and income. You'll also need to provide a government-issued ID. Once your application is approved, you can make your first deposit. Be sure to transfer at least the minimum opening deposit required. Money market accounts work like savings accounts in some ways and like checking accounts in others. Both MMAs and savings accounts: Let you deposit funds as you please Earn interest on your savings Are highly liquid Are safe deposit accounts May have withdrawal restrictions, balance requirements and monthly fees Similar to checking accounts and unlike most savings, money market accounts: Can come with debit cards, checks or both Tend to have higher fees Tend to have deposit and balance requirements Frequently Asked Questions (FAQs) Money market rates are variable and can change when economic conditions change, such as when the Federal Reserve alters interest rates or due to circumstances at a specific bank. There is no set schedule for when or by how much MMA rates change, so be on the lookout for notifications from your financial institution. Banks set money market account rates. The specific rate offered by an institution reflects the general interest rate environment and the bank's economics. For instance, a new online-only financial institution may offer a high rate to gain customers, whereas an established bank could count on generations of depositors. You can use a money market account calculator to see how much interest you'll earn. The amount of interest you earn is determined by the principal amount you deposit, the interest rate offered by your bank and the amount of time you save.


Forbes
an hour ago
- Forbes
Mortgage Rates Today: August 8, 2025
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Today, the mortgage interest rate on a 30-year fixed mortgage is 6.48%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.44%, and the average rate on a 30-year jumbo mortgage is 6.67%. Borrowers will pay less in interest this week as the average rate on a 30-year mortgage is 6.48% compared to a rate of 6.65% a week ago. The APR , which includes the interest and all of the lender fees, on a 30-year, fixed-rate mortgage is 6.51%. The APR was 6.68% last week. To borrow a $100,000 in a 30-year, fixed-rate mortgage with the current rate of 6.48%, you will pay about $631 per month in principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator shows. You'd pay around $127,758 in total interest over the life of the loan. Today, the 15-year mortgage rate inched down to 5.44%, lower than it was one day ago. Last week, it was 5.68%. On a 15-year fixed, the APR is 5.49%. Last week it was 5.72%. At today's interest rate of 5.44%, a 15-year fixed-rate mortgage would cost approximately $814 per month in principal and interest per $100,000. You would pay around $46,980 in total interest over the life of the loan. The current average interest rate on a 30-year fixed-rate jumbo mortgage (a mortgage above 2025's conforming loan limit of $806,500 in most areas) is 6.67%. Last week, the average rate was 6.92%. If you lock in the latest rate on a 30-year, fixed-rate jumbo mortgage, you will pay $643 per month in principal and interest per $100,000 borrowed, which amounts to $132,205 in total interest over the life of the loan. Mortgage rates initially trended downward post-spring 2024. However, they surged again in October 2024—despite cuts by the Federal Reserve to the federal funds rate (its benchmark interest rate) in September, November and December 2024. Rates began to drop again in mid-January 2025, but experts don't forecast them falling by a significant amount in the near future. Mortgage rates are influenced by various economic factors, making it difficult to predict when they will drop . Mortgage rates follow U.S. Treasury bond yields. When bond yields decrease, mortgage rates generally follow suit. The Federal Reserve's decisions and global events also play a key role in shaping mortgage rates. If inflation rises or the economy slows, the Fed may lower its federal funds rate. For example, during the Covid-19 pandemic, the Fed reduced rates, which drove interest rates to record lows. A significant drop in mortgage rates seems unlikely in the near future. However, they may decline if inflation eases or the economy weakens. Before you look for a house, you should get to know your budget. This will give you an idea of the type of house you can afford. A good place to start is by using a mortgage calculator to get a rough estimate. Simply input the following information: Home price Down payment amount Interest rate Loan term Taxes, insurance and any HOA fees Multiple factors affect the interest rate for a mortgage, including the economy's overall health, benchmark interest rates and borrower-specific factors. The Federal Reserve's rate decisions and inflation can influence rates to move higher or lower. Although the Fed raising rates doesn't directly cause mortgage rates to rise, an increase to its benchmark interest rate makes it more expensive for banks to lend money to consumers. Conversely, rates tend to decrease during periods of rate cuts and cooling inflation. Home buyers can make several moves to improve their finances and qualify for competitive rates. One is having a good or excellent credit score, which ranges from 670 to 850. Another is maintaining a debt-to-income (DTI) ratio below 43%, which implies less risk of being unable to afford the monthly mortgage payment. Further, making a minimum 20% down payment can help you avoid private mortgage insurance (PMI) on conventional home loans. If you can afford the larger monthly payment, 15-year home loans have lower rates than a 30-year term. Many home buyers are eligible for several mortgage loan types . Each program can have its own advantages: Conventional mortgage. A conventional home loan is ideal for borrowers with good or excellent credit to qualify for competitive rates. Additionally, making a minimum 20% down payment helps you waive private mortgage insurance premiums. A conventional home loan is ideal for borrowers with good or excellent credit to qualify for competitive rates. Additionally, making a minimum 20% down payment helps you waive private mortgage insurance premiums. FHA loan. An FHA home loan is best when applying with imperfect credit or a low down payment. You can put as little as 3.5% down with a credit score above 580. A minimum 10% down payment is necessary for credit scores ranging from 500 to 579. An is best when applying with imperfect credit or a low down payment. You can put as little as 3.5% down with a credit score above 580. A minimum 10% down payment is necessary for credit scores ranging from 500 to 579. VA loan. Borrowers with a qualifying military background may prefer a VA loan for its flexibility. A down payment may not be required. While you pay a one-time funding fee , there are no ongoing mortgage insurance premiums or service fees. Borrowers with a qualifying military background may prefer a for its flexibility. A down payment may not be required. While you pay a one-time , there are no ongoing mortgage insurance premiums or service fees. USDA loan. Applicants in eligible rural areas can buy or build a home with no down payment, although an upfront and annual guarantee fee applies. Additionally, income requirements apply and this program requires a moderate income or lower. Applicants in eligible rural areas can buy or build a home with no down payment, although an upfront and annual guarantee fee applies. Additionally, income requirements apply and this program requires a moderate income or lower. Jumbo loan. Homebuyers in a high-cost-of-living area will need to apply for a jumbo loan when the loan amount exceeds the Federal Housing Finance Agency's conforming loan limits. The limit in most municipalities is $806,500 in 2025. Frequently Asked Questions (FAQs) A competitive mortgage rate currently ranges from 6% to 8% for a 30-year fixed loan. Several factors impact mortgage rates, including the repayment term, loan type and borrower's credit score. Lenders adjust mortgage rates daily based on economic conditions, inflation, bond market movements and Federal Reserve actions. If you're shopping around for a mortgage, remember that you might be able to lock in a rate for 30 up to 120 days, depending on the lender. Note that some lenders charge a fee to lock your rate while others offer the service for free. A mortgage interest rate reflects what a lender is charging you on top of your loan amount in return for allowing you to borrow money. Annual percentage rate (APR) , on the other hand, is a calculation that includes both a loan's interest rate and finance charges, expressed as an annual cost over the life of the loan. In other words, it's the total cost of credit. APR accounts for interest, fees and time. Since APRs include both the interest rate and certain fees associated with a home loan, the APR can help you understand the total cost of a mortgage if you keep it for the entire term. The APR will usually be higher than the interest rate, but there are exceptions.