According to the results of an Adobe survey, Gen Z places a higher value on competitive pay and opportunities for professional advancement than other workplace factors when deciding whether to stay in their current roles.
In the 'Future of Workplace' study conducted by the US software business and exclusively shared with ET, up to 46 per cent of respondents ranked 'no clear path for promotion' as the top reason for leaving a job, closely followed by 'less than satisfactory pay' which was responded to by 43 per cent.
Not only do nine out of ten Gen Z employees or 93 per cent, want to advance to the C-suite, but they also want to increase their impact.
The current generation of young individuals is commonly referred to as Gen Z by demographic researchers. The Pew Research Center defines Generation Z as individuals born between 1997 and 2012.
With 91 per cent of Gen Z indicating they feel ready for their company to implement new technologies like generative AI in daily work, it is clear that they are enthusiastic about their application in the workplace as they become more prevalent.
In addition, 81 per cent of respondents acknowledged that they have experimented with using Gen AI to support their work, irrespective of whether their employer had put policies in place around the technology.
A workplace mentor is essential for a Gen Z worker's career, according to 91 per cent of this generation, who are also eager for mentorship and actively seek out career development opportunities. Only 76 per cent of respondents said they had a mentor at work, though.
Moreover, 39 per cent of respondents listed "work not interesting enough to make an impact" as a reason for leaving a job, while 42 per cent mentioned "lack of transparency about the future of the business and company." One factor mentioned by almost 37 per cent of the respondents was "not enough talent development programmes to acquire new skills."
The study examined Gen Z workers' expectations for their employment and their reasons for pursuing careers. More than one thousand Gen Z early career starts employed by medium- to large-sized Indian firms were polled.