What Generation Z Needs as Employees

Posted on: November 8, 2016 by Signature Insurance Group

The newest addition to the job market is Generation Z: those who were born from approximately 1996-2009. While not all of them are ready to work quite yet, the oldest of the group are slowly entering the workforce. So, what are the must-haves for these new employees? As we explore their needs and see how your business can adjust to the coming workforce, now is a good time to reevaluate your OC EPLI policy.

It’s not all about the money.

In April 2016, the powerhouse consulting firm EY (formerly Ernst & Young) conducted a global survey of more than 3,200 teenagers to find out what Generation Z employees and future employees value most in an employer. Surprisingly, high salaries and benefits did not top the list. Instead, respect was the top contender. Generation Z wants to make an impact in the workplace and they want their efforts to be recognized. However, Monster also conducted a separate survey that showed Generation Z won’t work for less than they’re worth. After all, who would want to?

Working for a steady/large company.

As this generation grew up in an unstable economy and likely saw their parents struggle, they noted that they’d be more keen to working for a larger, stable company. The perception is that larger companies provide more stability for their careers. With that being said, it’s time to evaluate your small business in order to attract these young employees. As they are extremely tech savvy, be sure to clean up your online presence and your online reputation!

Regardless of whether your business is comprised mostly of Generation Y, millennials, Generation X or Z, there are going to be varying factors for each for what makes them happy. By securing the right insurance portfolio, you can ensure that as you navigate these changes and face more exposures, you remain protected.

At Signature Insurance Group, we write custom policies based on your business’ needs. For more information, contact our experts today at (855) 972- 9437.

Posted in: blog Employment Practices

Tagged: generation z generation z employee needs OC employment practices liability OC EPLI