Economy

65% of Gen Zers plan to join the Great Resignation this year, survey finds

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Gen Z is ready to job hop. Maskot/Getty Images
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Gen Z is ready to leave their jobs in the dust.

Sixty-five percent of the generation plans to quit their job this year, according to new report by talent acquisition platform Lever that polled 1,200 full-time employed adults. That's way higher than the 40% of overall employees in the survey who plan to leave in less than a year.

It might be because Gen Z prioritizes different values at work. The survey also found that 42% of Gen Zers would rather be at a company that gives them a sense of purpose than one that pays more, while more millennials (49%) and Gen X (56%) would rather work for a company that pays more.

It's evidence of how Gen Z is entering the workforce on their own terms, demanding change with a new sense of boldness not seen in previous generations. As The New York Times' Emma Goldberg wrote last year, they're doing everything from delegating to their boss to working less once they've accomplished tasks for the day. Some of it is part of a "slow-up," a purposeful shift in slowing down productivity with the aim of a better work-life balance. And if it's not working for them, Gen Z has had no qualms about quitting their crappy jobs in favor of a better one.

The era of remote work gave Gen Z the upper hand in amplifying demands for workplace autonomy, Lauren Stiller Rikleen, president at Rikleen Institute for Strategic Leadership, previously told Insider. She added that their lives were turned upside down during an impressionable time.

"They had so much taken away from them in terms of access, you can go on and on with what has been lost," she said. "That reframes your thinking ... you start to think about what's important to you and how to express [that]."

Such rethinking explains why Gen Z is leading the way in what LinkedIn CEO Ryan Roslansky called a "Great Reshuffle" back in October. His team found that job transitions on LinkedIn have increased by 54% year-over-year, with Gen Z's job transitions increasing by 80%.

The findings echoed data released earlier in 2021. In late July, a Bankrate survey found that nearly twice as many Gen Z and millennial workers than boomers planned to look for a new job in the coming year. In August, a study by Personal Capital and The Harris Poll found that two-thirds of Americans surveyed were keen to switch jobs. The majority of Gen Zers felt that way (91%), as did more than a quarter of millennials.

The recent data from Lever indicates that these trends won't be slowing down anytime soon. And there will be plenty of jobs waiting for them considering that openings ticked up in December.

It's a positive sign that Gen Z feels empowered to reshuffle, considering it once looked like the Class of 2020 might follow in the footsteps of the oldest millennials who graduated into a recession. Younger workers were hit hardest when the pandemic hit, entering an economy marked by a 14.7% unemployment rate, and 2021 grads had the hardest time finding a job last summer.

But fast forward two years and one short-lived recession, and Gen Z is seizing the workforce in a way that shows they've already bounced back.

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Hillary focuses on the intersection of youth culture and wealth, reporting on the lifestyles and economics of millennials and Gen Z. She covers trends in how these generations are living and spending and examines how the economy is shaping them and their financial behaviors She also reports on consumer spending and New York City's economy, and previously wrote about the ultrarich and personal finance at Insider before joining its economy team. Basically, she's written about money from every angle you can imagine. Inside the epicenter of America's Great Resignation: Kentuckians lay out the 4 forces driving the state's labor shortage — and explain why it's here to stay Millennial New Yorkers are ditching basements and roommates for luxury apartments at $1,000-plus discounts The world's youngest self-made billionaire hopes to power every future self-driving car with a technology that Elon Musk says is 'doomed' Tiffany and the Trumps: Insiders describe how the president's younger daughter has charted what they say is a distant relationship with her father and come to terms with having America's most divisive last name Inside the French Riviera's pandemic party problem Yachting insiders detail the rampant sexual harassment aboard million-dollar ships, where crew members are promised a glamorous lifestyle and can instead find themselves trapped at sea with no one to turn to Millennials came limping out of the Great Recession with massive student debt and crippled finances. Here's what the generation is up against if the coronavirus triggers another recession.