Index hide1 In Mexico, young people represent 25 percent of the total population in the country, according to INEGI.2 47 percent of millennials they value jobs that offer them a career plan more, according to Indeed.3 The two generations face different challenges, the perception of their environment and the nuances of their vision of the future.
In Mexico, young people represent 25 percent of the total population in the country, according to INEGI.
47 percent of millennials they value jobs that offer them a career plan more, according to Indeed.
The two generations face different challenges, the perception of their environment and the nuances of their vision of the future.
The differences between generations of millennials Y centennials They tend to be very marked, in particular, they range from age to job expectations.
According to the National Institute of Geography and Statistics (INEGI), 31 million people between the ages of 15 and 29 live in Mexico, so They represent 25 percent of the total population in the country. .
On the other hand, the National Occupation and Employment Survey (ENOE) reported that in the first quarter of 2021 there was an unemployment rate of 7 percent in the young population (15 to 29 years old)for which it is positioned four percentage points higher than the 3 percent rate of unemployment in the population over 29 years of age.
a bit of context
The centennials they are that younger generation that is already less than 20 years old. This generation is known as digital natives, since have been in constant relationship with the internet because they have had access to mobile devices, touch screens, applications and digital tools since birthAs a consequence, their thinking tends to be more immediate. Gen Z is made up of young people born between 1995 and 2009.
The Millennials, instead they are the generation of people born roughly between 1980 and 2003, were raised to worry about the future and get a solid foundation for themselves.
Job expectations: millennials vs. centennials
In the workplace, the two generations face various challenges: hetheir perception of their environment and the nuances of their vision of the future. In many cases, this is influenced by the socioeconomic context in which they grew up and their technological environment.
Regarding the above, the expert Simon Sinek says that the millennials they are not happy and fail professionally due to four causes: the education they received from their parents, the addiction to technology, the lack of patience and the competitive environment in the world of work.
In a survey conducted by Indeed it was found that 47 percent of the millennials they value more the jobs that offer them a career plan, in the case of Generation Z, which showed 32 percent . On the other hand, the younger generation appreciates some short-term benefits like health insurance, transportation support and food stamps more: 66 percent of Millennials vs. 64 percent of Generation Z.
About, Madalina Secareanu, Senior Manager of Corporate Communications at Indeed LATAM, said: “This is why it is increasingly important for recruiters to know the job expectations of each generation.” This means that it is extremely important that recruiters know the differences between both generations as it could have implications on how companies attract workers and whether they remain satisfied once they’ve been hired, otherwise it can directly impact turnover rates.
Another difference between both generations is the way they face the present and the expectations they have for the future. In relation to this, the Indeed survey also has data on the time you will improve in a company. In this regard, it was found that 26 percent of the millennials they chose the ‘more than ten years’ option and another 23 per cent chose ‘between five and ten years’. As for Generation Z, the options that they chose the most are ‘more than two years’ with 18 percent and ‘between five and ten years’ with 16 percent. While the option ‘less than a year’ was the least chosen option by both generations (2 percent of Millennials and 4 percent of Generation Z.
Another important aspect between both generations is that the youngest prefer to gather skills and experiences. About, the Senior Manager of Corporate Communications of Indeed LATAM referred to the following:
” They are hyper-visual, with strong technical skills, the ability to multitask effectively, and demand personalized experiences.”
In this regard, the survey found that 48 percent of Generation Z would leave their current job if there is a ‘toxic’ environment and 42 percent would leave if they are not recognized for their work and if they feel undervalued. and 44 percent due to lack of job opportunities.
It is important to know the differences between both generations to have a broad picture of what they are looking for in the workplace and their expectations. One generation should not be singled out as better or worse, it is best to understand those differences to take advantage of the best of each one.
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