Is Gen Z The Most Stressed Generation?
According to the survey, over 97% of 18 to 34-year-olds are burned out, and 40% are worried over the rising costs of living.
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All work and no play makes Gen Z-ers very dull.
Despite newfound workplace flexibility, new research from Cigna International has revealed that young people, particularly Gen Zs, now face higher levels of stress, financial concern and reduced workplace satisfaction and growth.
The survey, titled Exhausted by Work – The Employer Opportunity, found that while hybrid and flexible work is seen as very important amongst younger workers, they are also experiencing worrying levels of burnout and concern for the future.
According to the survey, over 97% of 18 to 34-year-olds are burned out, and 40% are worried by the rising costs of living.
Additionally, the survey also noted that young employees are also worried about a lack of opportunities, with a quarter (24%) of Gen Z worried about a lack of learning and jobs, compared to only 14% of 35 to 49-year olds and 9% of 50 to 64-year-olds.
This is where a generational divide is seen and while older people have welcomed the movement to home-based or hybrid working, the survey found that some younger employees may feel that their opportunities have been limited by the lack of assimilated learning and social interaction that office-based work allows.
This is reflected in the high rate of presenteeism seen amongst younger employees.
Therefore, many are actually struggling to engage with their work and feel it has become purely transactional with no in-person interaction.
A survey also found that a total of 20% of Gen Z employees say a lack of learning and development opportunities is also causing stress.
Now, with over 70% saying they are re-evaluating their life priorities and nearly half looking for new jobs, the survey added that employers must urgently recognize the need for action.
Moreover, the survey also found that there is a gap in expectation between what employees want and what they’re currently getting.
In the current climate where talent is jumping ship if conditions at work are not right. In other words, Gen Zs have turned to Quiet Quitting which is doing the bare minimum at work because they feel undervalued for effort put in. Employers need to step up to retain and attract that talent.
Cigna International
When asked for their top three criteria to remain in their current role, 41% of young people said a competitive salary, but close behind came flexible hours, at 29%, followed by stability in the company (25%) and a friendly inclusive work culture (22%).
Meanwhile, a total of 17% said the opportunity to grow and develop is a key factor, and 19% would like reward for work rather than hours worked — they don’t want to feel monitored in terms of time only.
In conclusion, the survey suggests that employers need to look beyond their traditional responsibilities and build a culture that supports Whole Health, from mental and physical well-being to advice and support for broader aspects of their lives, such as access to financial advice or coaching.
If you are a part of Gen Z, what are your thoughts on this global study?
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