New figures show that three quarters of 18-27-year-olds are actively seeking out jobs that offer career growth, as they want an ‘employer for life’
Gen Z are prioritising a better work-life balance over job-hopping and are seeking longer term employment and stability, according to new data.
New figures show that three quarters of 18-27-year-olds are actively seeking out jobs that offer career growth, as they want an ‘employer for life’, one that supports their life outside of work and offers the opportunity to move around within a company.
The research, commissioned by insurance provider Admiral, found nearly nine out of 10 (88%) Generation Z employees prioritise finding a single employer that can provide financial security and a sense of community and belonging, while nearly one in three (28%) say it also affords them the time to to pursue their own interests outside of their job.
Admiral’s research also reveals the average Gen Z employee plans to stay in their job for seven years, double the average tenure reported by official statistics.
The research shows the world has moved on from the ‘jobs for life’ associated with the previous century to young people seeking ‘an employer for life’.
However, millennials have a very different outlook – and are less likely than Gen Z to stay at a company to grow and progress their career, according to Admiral’s data.
Three in 10 millennials say they switch companies frequently to negotiate pay rises instead. While six in 10 (57%) of 18-27-year-olds believe that staying with one employer and developing their career is more profitable than moving jobs frequently.
Admiral was recognised as a Great Place to Work for 23 consecutive years by the Great Place to Work Institute, the global authority on workplace culture.
Matt Wintle, Head of Talent Acquisition and Development at Admiral said: “What we see when recruiting for Admiral is that people don’t want to learn and leave, they want to invest in themselves and their workplace, gain equity in the company through owning a part of it, and are prioritising personal development and work-life balance.
“At Admiral, there are so many routes you can take, and we have an authentic culture of development, which this research shows the younger generation are starting to prioritise . We have countless examples of colleagues who started in junior positions and progressed around the business.
“Not everybody changes departments – for some people that wouldn’t be right – but if it is right for you, that flexibility is there. And that’s why there are so many colleagues working at Admiral today who have been employed longterm.”
