Generation Z will out-earn and outwork the rest of us

Today's young people are less idealistic and more pragmatic than previous generations

Some social scientists are referring to Generation Z as the "centennials" because they were born around the turn of the century. (Photo: iStock) Some social scientists are referring to Generation Z as the "centennials" because they were born around the turn of the century. (Photo: iStock)

(Bloomberg) — Move over millennials, there's a new workaholic generation in town.

Generation Z, or what some are referring to as "the centennials," are currently in school or in the early years of college. These young people are reportedly more willing to work longer hours and weekends than their elders, according to a recently released report by Monster Worldwide Inc., the job-search firm. The data was gathered in January by research agency TNS, which surveyed members of Generation Z from age 15-20.

Of the more than 2,000 people surveyed, 58 percent of Generation Zers said they would come into work on evenings and weekends in exchange for a bigger paycheck, compared with 45 percent of millennials, 40 percent of Generation X, and 33 percent of boomers. That's not entirely surprising: They've got youth on their side and are generally not burdened with child-care responsibilities that make working irregular hours difficult for their generational predecessors.

Related: What millennials want from work and life

Among the generations, Zers surveyed were the most motivated by money, although 74 percent of them said work should have a greater purpose than earning a salary, compared to 45 percent of millennials, 40 percent of Generation X, and 33 percent of boomers. 

Brands seeking to recruit young blood should consider forgoing the beer fridge and ping pong table in exchange for a good old-fashioned health plan. While Gen Z might be more energetic and money-hungry than the rest, its first job requirements are reminiscent of generations before them. Seventy percent of those surveyed said their top priority is health insurance, followed by a competitive wage, a boss they respect, room for growth, and parental leave.

See also:

Bank of America: These stocks will surge when millennials make more money

The boomer estate planning boom: 9 ways to get in on it

A study in contrasts: financial outlook of boomers vs. Gen Xers

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Discuss this story
We welcome your thoughts. Please allow time for your contribution to be approved and posted. Thank you.

Most Recent Videos

Video Library ››