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Bursting the Gen Z bubble: Businesses and digital natives could be in for a shock

By David Mills, CEO, Ricoh Europe 

Ricoh Europe, London, 16 November 2015 – Historically, the entrance of new generations into the workplace has caused varying levels of disruption. And the arrival of Generation Z is expected to be no different. They’re the first fully digital generation, the true “children of the internet” who won’t remember a life before broadband – and are headed en-masse to workplaces now. Born after 1995, many are nearing 20 and starting to leave full-time education as they make their way into the working world. However, when businesses are still trying to get to grasps with millennials, how will this lack of preparation affect our newest additions?

Gen Zers are not awestruck by technology in the same way as their older counterparts, and they are likely to be the most demanding cohort to enter the workplace. According to new research into the 4G Workplace by Coleman Parkes, sponsored by Ricoh Europe, they have high expectations of their future employers and are hugely positive that businesses are ready for their arrival. But will these expectations fall short, bursting the Gen Z “bubble”? 

Great expectations
Generation Z are by far the most optimistic group to enter the workplace, which is perhaps unsurprising since they’re yet to experience the realities of the corporate world. But will their expectations be met by the employers? The research found that 73 per cent of Gen Zers believe their first employers would cater well to their needs. A stark contrast to the views of the current generations already in the workplace – from Baby Boomers to Millennials – where less than half thought their employers were satisfying their needs at this moment in time. 

This optimism continues, with the youngest ages attracted to companies with good work-life balances, great people, and decent perks. In addition, they’re extremely self-confident with great expectations on their own positive impact on the workplace – most of them believing that they will bring new ways of working, exceptional technology skills and new ideas and fresh thinking.

The path to disillusionment
The survey shows that older generations tend to demand less from employers, and their preferences also differ from Gen Z – with job security being front-of-mind for Baby Boomers and work-life balance for Gen X and Millennials. While Generation Z might have big expectations from their future employers they’re also acutely aware of their weaknesses. Out of all the generations surveyed they ranked themselves the worst on skills that they will need to develop to work effectively. 

This insecurity combined with their high expectations, which in reality many employers will struggle to meet, means that Gen Z could be in for a reality shock when they join the workforce. And here lies the real challenge for businesses; how do you cater for such a challenging generation while introducing them to the workings of the business world without disillusioning them and dampening their spirits?

Technology will be key, and, unsurprisingly, features as a big draw for Gen Z. Compared to older generations, three times as many Gen Zers are attracted to companies that offer technology to enable people to work more efficiently. While Gen Z may have high expectations, they aren’t outlandish demands. Remote working, work-life balance and technology to improve collaboration and communication are all things that businesses need to embrace. Simply put, those who offer these are most likely to attract the brightest and most talented of this generation. From the SMB to the large multi-national, businesses need to make genuine commitments to accommodate all generations in the workforce, and implement the relevant underpinning processes to ensure their success. 

It’s clear that Generation Z will be a big challenge for businesses – they certainly know what they want. But if organisations are able to cater to their needs early on, they could be the most positively disruptive generation ever to enter the workforce.

|About Ricoh|

Ricoh is a global technology company that has been transforming the way people work for more than 80 years. Under its corporate tagline – imagine. change. – Ricoh continues to empower companies and individuals with services and technologies that inspire innovation, enhance sustainability and boost business growth. These include document management systems, IT services, production print solutions, visual communications systems, digital cameras, and industrial systems.

Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ending March 2016, Ricoh Group had worldwide sales of 2,209 billion yen (approx. 19.6 billion USD)
For further information, please visit www.ricoh-europe.com

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Ricoh Europe PLC
Jack Gibson
Tel: +44 (0) 203 033 3766

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