Gen Z could have up to ten times more employers than their grandparents had. That’s according to research by Adam Kingl, Adjunct Faculty at Hult International Business School. Companies have already experienced high turnover among millennials in the wake of the financial crash. “Now, with Gen Z mimicking that habit, it's not a surprise,” says Kingl. But if you’re already jaded by attrition spikes and think it’s par for the course, you could be losing talent unnecessarily. “If they’re leaving the organization with frightening rapidity, you've got to change your habits.”
Job hopping is always more typical among junior workers – it’s something Jo Owen tapped into after co-founding Teach First in 2001. “We realized there’s actually a strong market in what we call the ‘first bouncer market’” – junior workers looking to pivot into something different.
“The question is: are things different for 20-year-olds today versus 20-year-olds thirty or forty years ago?” asks Owen, who sits on Hult EF Corporate Education’s Global Advisory Council. “Most of the time, the answer has actually been no – but now, it is.”
Cohort birth years:
- Baby Boomers: 1946-1964
- Gen X: 1965-1980
- Gen Y (Millennials): 1981-1996
- Gen Z: 1997-2012
- Gen Alpha: 2013-present
Between the cost-of-living crisis and the ripple effects of Covid-19 furlough and lockdown, “the youngest people have had a really rough time as they’ve entered the workforce,” says Owen. “Gen Z are often called ‘snowflakes’ but, you know, a lot of snowflakes make a blizzard – maybe they’re really Generation Blizzard.”