Before Generation Alpha could properly adjust to having Gen Z within its workplaces, the next generation officially kicked off, making way for Generation Beta, on January 1, 2025. Generation Beta will be the cohort born between the years 2025 and 2039. Its population would be 16 percent of the total group of the planet through the next ten years, while many will probably continue to survive into the start of the 22nd century, notes social researcher Mark McCrindle.
What are the Generational Labels?
The People were born between 1925 and 1945; followed by the Boomers between 1946 and 1964. Then, Gen is the people born between 1980 and 1994; followed by the post-war groups Gen Z, born between 1995 and 2009; and lastly, Gen Alpha, born between 2010 to 2024.
Describing the two generations truly comes down to their date range, usually, years on a calendar. A Millennial is defined as a person born between 1980 to 1995, so in the U.S., there are about 80 million Millennials. Anyone born from 1996 to some point either in the early or mid-2000s could be termed as Gen Z (The endpoint being a matter open to personal interpretation). According to the Pew Centre, there are almost 90 million living in the U.S., “Gen Zers.”
Generation Z vs. Millennials: The Bottom Line
Thanks to our Way to Work survey, which polled 1,001 mostly current or recently graduated American college students in their late teens to mid-20s, we have a fair understanding of some of the primary differences between the two generations and the implications of those differences in the workplace. Here are three key takeaways for differences Millennial and Gen Z employees should know about each other- and more to come in our infographic.
In terms of the cost of education, more Gen Z respondents (21 percent) than Millennials (13 percent) are concerned, with stability being more important to Millennials (34 percent) while Gen Z consistently emphasizes doing dreams in their type of work (32 percent). More Gen Z follow their parents; 42 percent for Gen Z versus 36 percent for Millennials.
The next generation that is hungry to join the workforce is called Generation Z. According to the U.S. Census Bureau, Generation Z accounts for 25 percent of the population. This article provides interesting insights into Generation Z. According to their survey, sixty-two percent of Generation Z children anticipate that they will have a problem working with Baby Boomers and Generation X; versus only five percent who expect problems working with Millennials.
Companies aware of the expectations and preferences of the next generations would be well positioned to attract the new generation of talent, maximize their potential, assuage the inevitable cross-generational issues, and exploit cognitive diversity through a multi-generational workforce.
Difference Between GenZ and Millennials
Main Differences Between Generation Z and Millennials That You Need To Know
1) Realistic vs Optimistic
Seventy-seven percent of Generation Z believe themselves to have to work harder than the previous generations. Generation Z will be very realistic because of the sobering qualities of their Generation X parents with whom they had to live. Millennials are very optimistic nonetheless because their Baby Boomer parents buoyed them; they grew up in a full-time boom with prospects and privileges. As per Pew Charitable Trusts, the median net worth of parents fell by almost 45 percent during this Great Recession.
2) Independent vs Collaborative
71% of Generation Z said they would “If you want it done right, then do it yourself.” Given the choice, Millennials would arrange their desks together in an interactive circle. Generation Z would be more competitive in the workplace over their peers using the true do-it-yourself spirit at work. Indeed upon this, 69% of Generation Z enjoy having their own space as opposed to sharing.
3) Digital Natives vs Digital Pioneers
“According to Pew Research, 40% of Generation Z expressed that having access to reliable Wi-Fi is more crucial for them than the availability of functional bathrooms. Additionally, it has been reported that merely 14% of individuals in the United States had internet access in 1995, while by 2014, the number had ballooned to 87%. Therefore, Millennials lived during the dawn of the digital age, witnessing the spread of social media and instant messaging to the proliferation of smartphones, search engines, and the mobile revolution. By contrast, Generation Z was born into these innovations without personally witnessing their genesis. Ubiquitous connectivity, highly curated global information, on-demand video, and hyper-24/7 news cycles are as native to Generation Z as walking.
4) Private vs Public
70% of Generation Z would, before revealing such to their boss, share such information with their pet. Digital pioneers, the Millennials explored and, in most cases, exploited social media, converting anything they anticipated, believed in, and almost every trivial life update into something digestible by the public. Generation Z would view safety and security as massive; however, they would view ideas that are much more carefully weighed or selective of what they place on the World Wide Web. An example would be Generation Z preferring to use Snapchat as things posted “expire,” without staying there forever like a tweet or Facebook post would.
5) Face-to-Face vs. Digital Only
Almost ninety-four percent of Gen Z prefer face-to-face communication with their teammates. One would come to know that the Millennials have pretty much-done everything in favor of digitized communication instruments-teaching, coaching, mentoring: texting, instant messaging, Slack, etc.–that so go no way toward making the workplace such an efficient and effective one, but certainly, a bit less personable. Generation Z is well-prepared to strike that fine balance between online and offline workplace communications, thanks to their training in communicating through full sight, sound, and motion on Skype, FaceTime, Snapchat, etc.
The Z or Centennia Generation Characteristics
Generation The cohort between 8 and 23 years old-along with many others will assume the reins in the coming decades. Known also as centennials, born at the cusp of the century eldest in 1995, the most junior in 2010-they’re said, moreover, to have entered with the tablet and smartphone tucked under their arms.
However, what is Generation Z? It’s Millennials that have grown up with technology. Wherever they are, be it the sanctity of their rooms, colleges, or social places- the internet is in their heads now. If the millennials are already having a terrible time trying to secure jobs, the prospects seem quite grim for the post-millennials.
While their ease with technology may dull the luster of their multiple, external relationships, these are the very people who do not “go quietly” onto the Internet to serve social causes. And they feel that multi-tasking is everything: something that derives a positive motivation from the digital world they live in as their lifestyles are also influenced by bloggers.
Multitasking is a common trait, yet with a shorter attention span. They are self-reliant, demanding consumers but will occupy jobs there are none at this time.
But now, Y and Z are here to stay. According to the research New Kids On The Block-Millennials & Centennials Primer by Bank of America Merrill Lynch, there are presently 2 billion millennials and 2.4 billion centennials. Together they constitute 27% and 32% of the world’s population.
The Alpha Generation is now the name that has been given to those born after 2010. How will this turn out to be? Let’s wait another 2 years and see if we can indeed spot a generation gap!
