New Study From Egon Zehnder and Kearney Debunks the Myth of a Workplace Generational Divide

Egon Zehnder, the world’s preeminent management advisory agency, in partnership with Kearney, a main international administration consulting agency, right now launched findings from a new survey with over 8,000 respondents from eight completely different international locations dismissing the fable of a technology divide in the office and exhibiting that regardless of what is usually believed, Gen Z, Millennials, Gen X and Boomers are extra alike than completely different with regards to office issues.

The survey, titled “Different Generations, Same Ideals: What Workers of All Ages Value in their Jobs,” analyzed the similarities and variations amongst generations and discovered that they share extra commonalities, particularly with regards to private well-being, work-life steadiness, and desired traits from management. The most notable distinction between the generations is how every group defines and plans to realize their profession needs.

Key Findings from the survey embody:

• Personal well-being, stability, and work-life steadiness matter greater than cash to all generations. 82 % of survey respondents agreed that caring about staff’ well-being is the most necessary issue when selecting an employer. Financial stability ranked second amongst the prime components staff are in search of from a corporation, adopted by work-life steadiness, aggressive wage and a celebratory tradition.
• All generations worth leaders who take heed to and empower others. Across the generations, the prime 5 traits of a great chief remained constant, with staff wanting leaders who take heed to their staff, empower their groups, are clear of their decision-making and talk the group’s larger goal.
• Two-thirds of staff would go away their jobs for a extra significant place. The Great Resignation and Quiet Quitting have led to the Great Negotiation, shifting office energy to the palms of staff. Workers need jobs which might be personally fulfilling and if an employer shouldn’t be assembly an worker’s wants, they are going to take their skills elsewhere. By technology, Millennials (70%) are the most keen to go away a job in search of that means, in comparison with Gen X (59%), Gen Z (58%), and Boomers (54%).
• Among all the generations, Millennials really feel the most assured and empowered to beat life’s struggles. As many Millennials step into management positions, they’re bringing an energized confidence with them. Seventy-six % of Millennials are assured they are going to get the success they deserve in life, adopted by Gen X (63%), Boomers (62%) and Gen Z (61%).

The outcomes from this research present there may be extra alignment throughout generations in the office and all generations may lean into the commonalities as an alternative of specializing in variations.

“We’ve been inundated with polarizing workplace narratives that pit younger generations against older generations,” stated Edilson Camara, Chief Executive Officer at Egon Zehnder. “It’s important for leaders to unite workers across age demographics, and the best way to do so is by addressing their concerns and keeping your team motivated toward their aspirations. Leaders need to prioritize employee satisfaction simultaneously with business goals to guide organizations towards optimum success.”

Alex Liu, Global Managing Partner at Kearney, stated, “Amid the dazzle and hopes of the digital age and the stresses of today’s crazy world, it is easy to forget that old-fashioned human desire for joy is as essential to achieving business goals as ever.”

For extra data on Egon Zehnder and Kearney’s “Different Generations, Same Ideals: What Workers of All Ages Value in their Jobs,” which surveyed over 8,000 folks in the international workforce, go to https://www.egonzehnder.com/different-generations-same-ideals.

Generation Survey Sample Size

8,181 members

5 generations:

• Gen Z (born between 1997 or youthful)
• Younger Millennials (born between 1988 and 1996)
• Older Millennials (born between 1978 and 1987)
• Gen X (born between 1965 and 1977)
• Boomers (born between 1957 and 1964)

8 international locations– Brazil, China, France, Germany, India, Japan, United Kingdom, United States

About Egon Zehnder

Egon Zehnder is the world’s preeminent management advisory agency, inspiring leaders to navigate advanced questions with human solutions. We assist organizations get to the coronary heart of their management challenges and provide sincere suggestions and insights to assist leaders understand their true being and goal. Our 560 consultants throughout 63 places of work and 37 international locations are former trade and practical leaders who collaborate seamlessly throughout geographies, industries and features to ship the full energy of the Firm to each consumer, each time.

We consider that collectively we will rework folks, organizations and the world by way of management.

For extra data, go to www.egonzehnder.com and observe us on LinkedIn and Twitter.

About Kearney

Kearney is a main international administration consulting agency. For almost 100 years, we now have been the trusted advisor to C-suites, authorities our bodies, and nonprofit organizations. Our folks make us who we’re. Driven to be the distinction between a huge concept and making it occur, we assist our purchasers break by way of. www.kearney.com

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