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It is estimated that millennials Y centennials They will represent 75 percent of the global workforce.
The centennials They account for 32 percent of the world’s population in 2019 alone.
In Mexico, Generation Z represents 36 percent of the general census, according to INEGI.
The popularity of social networks in the world is becoming increasingly common, especially for the new generations. That is why many companies are paying attention to what the majority of their employees, especially those belonging to generation z, such as Wall Street banks, are forcing bankers junior and interns to remove TikTok videos that violate those companies’ policies.
In today’s world of work, it is being transformed by the inclusion of the strength of generations such as centennials and millennials. That is why various industries have changed their focus in many sectors, especially in the use of social networks or various technologies.
Given that, there is currently a generation gap of more than 40 years in most offices around the world, so working conditions are adapted to the old generations and not to the new ones, creating an environment of non-acceptance and adaptation that make up the world’s workforce every day.
In Mexico, according to figures from the population census of the National Institute of Statistics and Geography (Inegi) As of 2020, the age of people to work (Economically Active Population, PEA) ranges from 15 to 64 years. Where millennials (between 25 and 39 years old) represent 22.6 percent of the entire population; centennials (between 15 and 24 years old) are 16.9 percent. Both generations occupy 39.5 percent of the Mexican population.
On the other hand, the smallest of the centennials o Generation Z (between 10 and 14 years old) represent 8.7 percent, and will join the labor force in the next five years.
A new report has revealed that Wall Street’s investment giants, including industry giants like Goldman Sachs and Bank of America, they are forcing their bankers junior and interns to remove TikTok videos that violate company social media policies.
According to a report from BloombergNewsthis new information comes after various videos will go viral on TikTok, where one showed a group of employees working in the office after midnight.
Shortly after the video gained traction on social networks, it was removed, exposing the rules and conditions of many employees in the sector.
Likewise, other viral videos on the famous Chinese social network show millennial and generation Z employees working at the junior level or interns in companies such as, Goldman Sachs, JPMorgan Chase and Morgan Stanley have released several footage showing them partying on Manhattan cruises or receiving food at orientation programs, causing controversy.
That’s why major Wall Street banks have instituted social media policies that prohibit staff from filming on trading floors or sharing any content that potentially divulges sensitive information, such as the identity of the firms’ clients. Also, financial institutions also do not allow their employees to post about sensitive topics subject to regulation, such as salaries or bonuses.
Examples include Goldman’s policies that remind its workers that “they are not anonymous online” and that their “actions may reflect negatively on the company”.
Also, according to Bloomberg, Morgan Stanley stated that “our employees are the best representatives of our company culture and values, which is why we have encouraged our interns to share about their summer experience in recent years.”
@naechenina nobody asked for my normal life vlog but sorry y’all gon get it 💀 going back to the office after a year is so much work 😭 #returntooffice #grwm #fyp ♬ Western music, trap soul, R&B beat ♫(866926) – Daisuke”DI”Imai
As there are also statements from former employees such as Naeche Vincent, a 24-year-old woman who worked at an anonymous investment bank on Wall Street, shared in her TikTok videos how she had a 19-hour workday.
In his recordings, Vincent is seen describing some of the challenges he faced returning to the office after coronavirus-related lockdowns were lifted. “The banking world is very strict about what can be shared online,” he told Bloomberg.
Meanwhile, others say Wall Street firms are careful not to alienate millennials for fear that the pool of prospective employees will be exhausted, particularly after junior bankers chafe over long, grueling days at work.
This adds to the various complaints of this new workforce, where a new survey conducted by UpSlide found that more than three-quarters of junior bankers on Wall Street want to quit their jobs, citing the demanding schedule and an inability to use all of their vacation days.
It is worth mentioning that last year, 13 junior Goldman analysts prepared a slideshow detailing complaints about 100-hour workweeks and shifts stretching up to 20 hours, leaving them with little time to eat, sleep or shower. .
These types of rules are being presented in many companies, where last week it arose from a complaint by an Apple employee who was fired for sharing company privacy details in a TikTok video.
In this sense, it should be noted that the world has changed and all this is due to the digitalization that is taking hold more strongly in many industries, so these channels should increasingly be considered normal for many people, especially to have a good comunication.
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