According to a recent study by Monster, 83% of Gen Z candidates said that a company’s commitment to diversity and inclusion is important when choosing an employer.
Monster brings the data to support that DEI is important for younger employees. Did you know that Gen Z will comprise 37% of the global workforce by the end of 2024? They will outrank Millennials and Gen Xers.
In the face of all the political and culture war attacks against DEI, I think it's important to understand what diversity and inclusion means for the younger generations. I'm a Boomer and this work for me was founded in the Civil Rights movement and the work of diversity and inclusion was always the right thing to do. It has also been proven that it makes business sense. There are plenty of research studies that document the positive outcomes of a diverse workforce. McKinsey has published studies and there are many others that show that companies with the most ethnically diverse executive teams were 33% more likely to outperform their peers.
Today, the challenge is to rethink diversity and inclusion and listen to what Millennials and Gen Zers want. In my work to create GenShift, the new masterclass on generations in the workplace, I learned so much about how different their values are from my own and from other Boomers and even Gen Xers.
Gen Z candidates think of diversity at work differently than prior generations. Younger workers are more likely to define diversity as a mix of experiences, identities, ideas and opinions, rather than more traditional definition of diversity, such as under-represented racial, ethnic and gender demographics. Prior generations identify more with this definition of diversity that focuses more on differences of race, ethnicity, gender, etc. For these older generations, diversity is about respectfully integrating people of various demographics into one workplace. But the workplace is changing and younger generations are not "buying into" the same values around work-life and other workplace
Millennials and Gen Zers are much more likely to be engaged in their organizations when they have an inclusive culture. 83% report being actively engaged when their organization fosters an inclusive work environment, versus 60% who report being actively engaged when their organization does not, according to Deloitte.
Read the entire article here.
Monster brings the data to support that DEI is important for younger employees. Did you know that Gen Z will comprise 37% of the global workforce by the end of 2024? They will outrank Millennials and Gen Xers.
In the face of all the political and culture war attacks against DEI, I think it's important to understand what diversity and inclusion means for the younger generations. I'm a Boomer and this work for me was founded in the Civil Rights movement and the work of diversity and inclusion was always the right thing to do. It has also been proven that it makes business sense. There are plenty of research studies that document the positive outcomes of a diverse workforce. McKinsey has published studies and there are many others that show that companies with the most ethnically diverse executive teams were 33% more likely to outperform their peers.
Today, the challenge is to rethink diversity and inclusion and listen to what Millennials and Gen Zers want. In my work to create GenShift, the new masterclass on generations in the workplace, I learned so much about how different their values are from my own and from other Boomers and even Gen Xers.
Gen Z candidates think of diversity at work differently than prior generations. Younger workers are more likely to define diversity as a mix of experiences, identities, ideas and opinions, rather than more traditional definition of diversity, such as under-represented racial, ethnic and gender demographics. Prior generations identify more with this definition of diversity that focuses more on differences of race, ethnicity, gender, etc. For these older generations, diversity is about respectfully integrating people of various demographics into one workplace. But the workplace is changing and younger generations are not "buying into" the same values around work-life and other workplace
Millennials and Gen Zers are much more likely to be engaged in their organizations when they have an inclusive culture. 83% report being actively engaged when their organization fosters an inclusive work environment, versus 60% who report being actively engaged when their organization does not, according to Deloitte.
Read the entire article here.
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