Wednesday, September 20, 2017

How Gen Z will change the workforce - EMPLOYEE BENEFIT ADVISER

by Amanda Eisenberg
Originally published: September 18, 2017

As they begin to enter the workforce, Gen Z is prime for disrupting.

These young workers, who were born 1994 or later, have a completely different approach to diversity, communication, technology and benefits preferences than the previous generations, and will expect their companies to keep up with their needs, said Jim Link, chief human resources officer at Randstad North America, a recruitment and employment agency for temporary and permanent staffing.

“They’re going to be welcoming us into a whole new world of the workforce,” he said Monday at EBA's Workplace Benefits Summit in Boca Raton, Fla.

Younger employees, for the first time, care more about workplace flexibility than healthcare benefits, he said, which means the benefit will become all the more important. They also will likely push continuation of student loan repayment benefits; both millennials and Gen Z are concerned by loans, particularly because college tuition has increased by more than 1,000%, Link said.