According to Bloomberg, Gen Z - those born between 1997 and 2012 – now account for 32% of the overall population, surpassing millennials. By 2025, according to market research firm McCrindle, Gen Z will make up 27% of the workforce.
Companies are experiencing a significant increase in Gen Z employees joining the workforce, and this event will have a long-term impact on the workplace.
Businesses are competing for the top available workers as well as the talent that will eventually replace the ageing Baby Boomer generation with more and more millennials and Gen Z candidates being employed regularly.