By 2025, Generation Z (Gen Z) will account for 27% of the workforce worldwide. These employees were born between 1997 and 2012 and are very diverse. Around half are from communities of color, and 20% identify as part of the LGBTQ+ community. With this new generation integrating into the workplace, …
401(k) and Automatic Enrollment
A new study through Vanguard, an investment firm, found that Americans of all ages increased their participation in workplace retirement plans over the past twenty years. Notably, in 2021, 62% of Gen Z workers were actively saving by utilizing a 401(k), in comparison to 30% in 2006. While Gen Z, …
Health Care Needs According to Gen Z
Gen Z is now the largest group entering the workforce, and their health care desires differ from previous generations. For perspective, there are approximately 65 million American Gen Zers, those born between 1997 and 2012. By 2030, they will account for 30% of the workforce. As this generation begins their …
Hiring and Retaining Employees during the Great Resignation
Around 20.2 million workers left their employers between May and September of 2021. In the time of the Great Resignation, hiring and retaining workers has never been so important. With so many people retiring, employers are looking to Gen Z to fill the gaps, but this new generation has different …