More than 50% of Generation Z workers in Hong Kong say they are struggling.
Business leaders need turn their heads to the younger generation, as a majority of Generation Z workers, those aged 18-25, feel they are “merely surviving or flat-out struggling” in the current complex environment.
In its first global Work Trend Index, Microsoft recommended that business leaders should ensure Generation Zs entering the workforce have a sense of purpose, necessary in the shift to hybrid work.
“Younger generations offer fresh perspectives and their contributions are critical, and as the first generation to enter the workforce in a completely remote environment on a widespread basis, their experience will set expectations and attitudes toward work moving forward,” Microsoft said in the study.
Further, Microsoft also found in the same study that more than half, or 53% of workers are planning to move to new locations.
This in effect expands economic opportunity for individuals and enables organizations to build high-performing, diverse teams from a “near-limitless” talent pool.
For this year alone, 49% of employees and 62% of Generation Z in Hong Kong are expecting to leave their employers.
“Ultimately a more fluid flexible labor pool will benefit organizations in the long-run as fresh talent injects new ideas, innovation and energy into businesses – ensuring adequate stability will be the challenge,” the study noted.
