• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Compared to older generations, millennial and Gen Z women are more likely to demand pay raises at work

Compared to older generations, millennial and Gen Z women are more likely to demand pay raises at work

November 30, 2022
Report highlights ways to get mobile games noticed | AppLovin

Report highlights ways to get mobile games noticed | AppLovin

January 31, 2023
This Drag Queen Is Writing a Whole Lana Del Rey Musical on TikTok

This Drag Queen Is Writing a Whole Lana Del Rey Musical on TikTok

January 31, 2023
Seventh Memphis police officer punished in Tyre Nichols’ death

Seventh Memphis police officer punished in Tyre Nichols’ death

January 31, 2023
Cash Is King In Lebanon As Banks Atrophy

Cash Is King In Lebanon As Banks Atrophy

January 31, 2023
Why We Believe the U.S. Still Has the Upper Hand in War Over Taiwan

Why We Believe the U.S. Still Has the Upper Hand in War Over Taiwan

January 31, 2023
How to Watch the ‘Green Comet’ While You Still Can

How to Watch the ‘Green Comet’ While You Still Can

January 31, 2023
Australian nuclear body joins search for missing radioactive capsule

Australian nuclear body joins search for missing radioactive capsule

January 31, 2023
E.P.A. Bans Disposal of Mine Waste in Bristol Bay

E.P.A. Blocks Long-Disputed Mine Project in Alaska

January 31, 2023
Indigenous leader shot dead as Peru protests pit rebel campesinos against ruling elite

Indigenous leader shot dead as Peru protests pit rebel campesinos against ruling elite

January 31, 2023
Logitech unveils booths for more immersive video calls

Logitech unveils booths for more immersive video calls

January 31, 2023
Millions Across the South Brace for Several Rounds of Ice and Sleet

Millions Across the South Brace for Several Rounds of Ice and Sleet

January 31, 2023
Russia, Guns and Pornhub: How Outgoing Visa CEO Al Kelly Navigated His Final Stretch in the Top Spot

Russia, Guns and Pornhub: How Outgoing Visa CEO Al Kelly Navigated His Final Stretch in the Top Spot

January 31, 2023
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Compared to older generations, millennial and Gen Z women are more likely to demand pay raises at work

November 30, 2022
in News
Compared to older generations, millennial and Gen Z women are more likely to demand pay raises at work
520
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Erika Diaz once waited for managers to tap her for career opportunities and pay raises. But in just the past three years, the 34-year-old vice president of accounts management has become her own best advocate, asking for salary bumps, work-life balance, and promotions—and she has gotten what she wanted. “I learned to be my own advocate,” she says.

Her story is emblematic of a generational shift happening in the workforce, where women are advocating, negotiating, and asking for more from work. While the more experienced women of the Gen X and baby boomer demographics may have been more timid, this younger crop of female workers doesn’t sit back and wait for its turn.

Millennial (born between 1981 and 1996) and Generation Z (1997 to 2012) workers are far more likely to ask for—and expect—pay raises and cost-of-living increases amid raging inflation, according to a global survey by HR firm Randstad. More than half of Gen Z and millennials expect governments or employers to help them manage the cost-of-living crisis. And they’re getting what they ask for: Two-thirds of Gen Z workers have received or expect to receive additional assistance from their employer, compared to only a quarter of baby boomers.

That generational divide underscores a power shift for younger women at work. “Women under 30 are more ambitious than ever and raising the bar on their expectations from their employer,” says McKinsey’s senior partner Alexis Krivkovich, who authored McKinsey’s 2022 Women in the Workplace Study. At least 66% of them want to be senior executives, and more than half say their advancement has become more important to them since COVID-19, she says.

They’re also leaving their jobs in unprecedented numbers if they don’t get what they want, according to the study. Among those demands: opportunity, flexibility, diversity, equity, and inclusion, which top the list for young women and are increasingly becoming part of their evaluation equation. Three-quarters of women under 30 say flexibility is more important to them now, and 68% say their company’s commitment to well-being matters more than ever before.

Women now outnumber men in the college-educated labor force in the U.S., accounting for more than half (50.7%), according to a September analysis by Pew Research Center. They’re also outpacing men in college graduation and enrollment rates. However, women are also more likely to disengage from exhaustion: The burnout gap between women and men has almost doubled since the previous year. As a result, women are demanding more from work—or else they’re willing to walk away.

Mikaela Kiner has witnessed that assertiveness firsthand, as founder and CEO of Seattle HR consulting firm Reverb. Three-quarters of Reverb’s 76-person workforce is either female or nonbinary, and she says every single one of those employees negotiated when offered the job. “You present yourself as better informed and valuing yourself more when you negotiate,” Kiner says. 

Young workers are far more likely to place a high priority on personal hobbies and friends, and if pushed too hard at work, they quit—a different mentality from Kiner’s Generation X. “When I was growing up, you didn’t say no or ‘I’m too busy.’ It was work, work, work. And we, as women, were also never told or taught to negotiate, and we weren’t informed of systemic gender inequities about pay.”

Life experience also plays a part in the changing mindset. Older workers went through the dot-com bust and the 2008 recession, while Generation Z only knows a workplace in which employees have the upper hand. As immigration has declined, and baby boomers retire at accelerating rates, employers are left with a severe labor shortage that is not likely to change anytime soon, says Ira Wolfe, a longtime HR consultant, author, and speaker on the future of work. Says Wolfe: “Gen Z doesn’t know anything different. They recognize they have the power.”

The post Compared to older generations, millennial and Gen Z women are more likely to demand pay raises at work appeared first on Fast Company.

Share208Tweet130Share

Trending Posts

White Nationalists Are Using Kanye to Recruit on College Campuses

White Nationalists Are Using Kanye to Recruit on College Campuses

January 31, 2023
Russia’s economic growth suggests Western sanctions are having a limited impact.

Russia’s economic growth suggests Western sanctions are having a limited impact.

January 31, 2023
Deputy resigns after woman, 2 sons found frozen to death in field

Deputy resigns after woman, 2 sons found frozen to death in field

January 31, 2023
DOJ won’t give Rep. Jim Jordan info on Biden classified docs probe

DOJ won’t give Rep. Jim Jordan info on Biden classified docs probe

January 31, 2023
Norway Wealth Fund Posts Record $164 Billion Loss

Norway Wealth Fund Posts Record $164 Billion Loss

January 31, 2023

Copyright © 2023.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2023.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT