A generational shift in the global workforce is happening as Baby Boomers retire and a new generation of workers, those under 40, steps in to fill the void. In 2023, millennials and Generation Z constitute the majority of the workforce, bringing with them a new set of skills, ideas, and attitudes that are changing the way we think about work. What do they have to say? What can we learn from their perspective on the future of work? Let’s dive in.
The Value of Work-Life Balance
A recurring theme among younger workers is the importance of work-life balance. This is not just about limiting the number of hours they work each week. It is also about having the flexibility to work from where they want and when they want. The pandemic and its aftermath have proven that remote work is feasible and often productive, and many younger workers expect this to be an option.
More than Just a Paycheck
The under-40 workforce is less interested in the traditional “climb the corporate ladder” paradigm and more interested in finding meaningful work. They value mission-driven organizations that are committed to social responsibility. Many want their work to have a positive impact on society and are willing to switch jobs or even career paths to align their work with their values.
Diversity and Inclusion
For the under-40 workforce, diversity and inclusion aren’t just buzzwords. They expect their employers to embrace diversity, not just in terms of race, gender, and age, but also in terms of thought, experience, and background. They value open and inclusive environments where everyone feels comfortable sharing their ideas and perspectives.
Technology and Innovation
Having grown up with technology, younger workers are at home in a digital world. They are eager to leverage technology to improve productivity and collaboration. They are also likely to be more comfortable with change and more willing to learn new technologies as they emerge.
Learning and Growth
Continuous learning and growth are highly valued by younger workers. They expect their employers to provide opportunities for professional development and see this as a critical aspect of their job satisfaction. They are keen to expand their skills and knowledge, often driven by a recognition that in today’s fast-paced world, continuous learning is essential.
The under-40 workforce is bringing significant changes to the workplace. Employers who are willing to listen and adapt to their needs and values are likely to benefit from increased productivity, innovation, and employee satisfaction. The future of work is here, and it’s clear that the next generation has a lot to say.
This post was written by Tara Kintz. Tara is a director at Signature Workspace which is a Tampa cowork space. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more.