The US workforce is more diverse than
ever: racially, ethnically, and even generationally, with different generations working side by side. Each
generation has somewhat unique characteristics and, generally speaking, is
distinctly different from the others. This can present organizational
challenges. However, it is also an opportunity to leverage generational
strengths for improved organizational performance. Since talent is infused in
everything successful organizations do, it’s important that organizations can
attract, hire, and retain Gen Z employees as part of their success strategy.
Born between 1997 and 2012, Gen Z currently makes up 20.35% of the US
population. The eldest among them are between 22 and 25 years old, so you can
expect members of this generation to start trickling into your ranks more and
more in the coming years. They will impact the workplace for decades to come.
This generation:
·
Is the most
racially diverse generation, comprised of 52 percent white, 25 percent
Hispanic, 14 percent Black, and 4 percent Asian people.
·
Has been raised
with the internet and mobile devices from birth.
·
Faced more
financial challenges, as well as greater mental health challenges, than
Millennials or Gen X.
What Does Gen Z Expect From An
Employer?
Gen Z is interested in who organizations really are in terms
of their mission, vision, and culture. Additionally, they value benefits like
short-term loans, mental health applications, daily pay features (same day pay
option), and fitness and weight management services. They want fair and ethical
bosses who encourage them to speak up and also help them create social impact.
Gen Z is looking for a Diversity, Equity and Inclusion (DEI) culture. The
majority of them (86%) want to know a potential employer’s commitment to
diversity before accepting an offer. 67% are reluctant to accept an offer if
they don’t meet any underrepresented employees during their interview process.
Career advancement plays a prominent role in retaining Gen Z employees. They
are seeking mentoring, training, and meaningful roles. 75% expect a promotion
in the first year. 60% expect to change roles within the organization within
two years; 50% admit they intend to look for a new job within three years. Some
best practices to fine-tune the Gen Z hiring process include:
1. Employee Referrals:
Referrals are the number one source of Gen Z hiring. Over 60% of Gen Z
candidates say referrals from current or former employees and alumni networks
are their favorite way to learn about potential employers.
2. Employee Influencer Networks: Lean on your current employees to attract young
talent. Invite team members to share their work lives on social media, and post
when you have new open positions.
3. On-Campus Career Fairs:
Gen Z values face-to-face communication. They prefer college career centers and
hiring events nearly twice as much as their Millennial counterparts.
4. Improve Your Career Site: A Careers Page is the foundation of your recruitment marketing
strategy for Gen Z. Modernize your website and attract more candidates. Ask
yourself: How does your website reflect your vision? Update
information to make your open role postings more appealing to the newest wave
of job seekers.
5. Personalize Your Communication Strategy: Ask candidates to join the talent community before
they apply. Share content based on their indicated interests. During the
interview process, give frequent updates to let candidates know about their
hiring status. At the time of making an offer, send a small care package that
speaks to your new hire.
Check out the diagram below for the ideal Gen Z hiring process:
1. Create 30, 60, and 90-Day
Objectives: Illustrate the value of these objectives and invite employees to
accelerate the trajectory of their careers.
2. Build an Employee Development
Engine: Start in the
right strategic direction, collect all relevant data points, have a
professional development plan in place, integrate learning and development as a
part of the career advancement, and measure performance at regular intervals.
3. Demonstrate a Career Path: Create a
framework to shape the first few years of employment. Illustrate a path that
involves different tasks and roles to feed their need for engagement. Consider
partnering at the university level to provide new learning opportunities. Set
up internal marketplaces within your organization to match projects with needed
skill sets.
5. Create Competencies: By aligning
organizational competencies and expected proficiency levels with position
descriptions, organizations can hire people who add value to the organization
in a strategic and targeted way.
Best Practices to Hire Gen Z
Over 80% of
Gen Z prospects expect the hiring process to take a maximum of two week.
Transparent communication is essential for hiring Gen Z. 54% of Gen Z prospects
won’t apply if they feel recruitment is dated. Outdated recruitment examples
include:
·
Walk-in interviews
·
Generic or unclear job descriptions
·
In-person initial interviews
·
Job advertisements in print
·
Using temporary employment agencies
As more and more Gen Z enters the workforce, it is imperative that organizations educate themselves on what this generation values most in an employer. Hiring and retention strategies must evolve to incorporate those preferences and values. Managers and prospective hires, we want to hear from you! Tell us about your experience with hiring / getting hired. What has worked and not worked for you?
Let’s
share experiences. Leave a comment below, send me an email,
or find me on Twitter.
0 comments:
Post a Comment