More than half of the co-called Gen Z’s and only slightly less of our millennials plan to leave their current jobs for pastures new in the next two years.

That’s according to a new Deloitte Ireland survey which revealed that 56% of Gen Zs and 40% of millennials plan to leave their current roles in that time.

It also found that 53% of millennials believe the economic situation will worsen in the next twelve months, compared to 36% of Gen Z.

And 55% of Irish millennials cite the cost of living as being their number one greatest concern with one in four of them leaving their organisations in 2022 as a result of burnout.

Gen Z refers to the generation of people born in the late 1990s and early 2000s, while millennials are those reaching young adulthood in the early 21st century.

Overall, the survey found that both cohorts are concerned about an economic downturn – but they desire a better work/life balance and want more flexible working arrangements than they currently have.

The Irish participants were taking part in the Millennial and Gen Z global study of over 45 countries – and they said they are more willing than ever to leave for fresh opportunities.

They are seeking options to provide them with better salary/reward, work life balance, higher flexibility and opportunity offered by employers, and, to a lesser extent, organisations focused on climate change.

For more, read this week’s Connacht Tribune.

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