Rising costs to be the biggest concern for 47% of zoomers and 49% of millennials

The issue of the rising cost of living is the biggest challenge for 47 percent of representatives of generation Z (the so-called zoomers, i.e., those born between 1995-2003) and 49 percent of millennials (also known as generation Y, born between 1983-1994) in Poland, according to the Global 2022 Gen Z & Millennial Survey prepared by consulting firm Deloitte.

"The consequences of the rising cost of living affect the representatives of the youngest generations. However, this is not a new phenomenon but a trend that has been going on for a long time. Representatives of generations Y and Z have long felt the lack of financial stability. Young generations are also increasingly vocal about mental health issues and job burnout. All of these factors are increasingly influencing their career decisions. The importance of talent management is growing in importance. Leaders who want to retain skilled employees should change their thinking about them and the new work model today," said John Guziak, partner, human capital team leader, Deloitte.

The survey results show that nearly half of the representatives of both generations feel burnout caused by the growing number of professional responsibilities. At the same time, one in five zoomers and one in four millennials indicated that their employer does not take this phenomenon seriously enough or does not take any steps to stop it, it also stressed.

(ISBnews)