A newly-released study from Upwork found that 48 percent of younger generation managers (composed of Millennials primarily, with early Gen Z managers included as well) are director-level or higher already, showing they have major influence on workforce planning. This influence will only grow with these younger generations making up 58 percent of the workforce by 2028¹, an increase of 38 percent from today, according to the third annual Future Workforce Report.
This year’s report is the first time Upwork examined the results by generational impacts on the workforce, delving specifically into how younger generations are shaping the future of work.
In today’s always-on workplace, 84 percent of Millennials have reported experiencing burnout at their job. Traditional methods of hiring are no longer providing sufficient relief. In fact, more than two times (42 percent) as many younger gen hiring managers felt hiring had become more difficult than the 18 percent who felt it had gotten easier in the past year. Now in a position of authority and facing this pain, younger generations see the need to rethink how work is done and are taking action.
“As younger generations ascend in the workforce and become the majority of managers in corporate America they’ll reshape work as we know it,” said Stephane Kasriel, CEO of Upwork. “We know already that the most in-demand professionals place high value on flexibility. For example, the youngest generations are most likely to freelance. And professionals craving flexibility will increasingly have managers who not only understand this priority but will themselves expect it. We see this clear trend towards more flexible, remote work on the hiring side already based on this year’s Future Workforce Report.”
YOUNGER GENERATION MANAGERS ARE SHAPING THE FUTURE OF WORK
According to the study, younger managers support remote teams as the new norm:
They’re prioritizing workforce planning and embracing an agile future:
“There are a many misconceptions about younger generations in the workforce today,” said Matthew Mottola, Future of Work and On-Demand Talent Program Manager at Microsoft. “We frequently hear things like lazy, entitled job hoppers. But nothing could be further from the truth. In my experience, Millennials are equally, if not more, committed to their work. But we expect more from our company. We expect to architect our careers according to our lifestyle and our passions. With the various opportunities our generation has at their fingertips – freelancing, remote work, entrepreneurship – companies can no longer assume our generation will settle for the status quo. The good news for companies is that if they embrace this agility and flexibility they can drive innovation and change with their organization.”
Source: Facility Executive
Schoolyards can do more than absorb rainwater and cool neighborhoods. They can also help close the park equity gap nationwide: One hundred million Americans, including 28 million kids, do not live within a 10-minute walk from a park or green space. Communities of color and low-income neighborhoods have even less access to green spaces.
The race to net-zero emissions will forever change the way many companies do business. The immediacy, pace, and extent of change are still widely underestimated. Early movers can seize significant advantage. In this report, coauthored with the WEF Alliance of CEO Climate Leaders, authors explore how other companies can take a similar path by identifying, creating, and scaling green businesses.
The current debate over ESG and sustainable investing is noisy and sometimes rancorous, and the temptation is strong to just tune it out until it’s better resolved. But, in the end, leaders must resist this urge and accept that it’s a relevant discussion.