The youngest generation is bringing new approaches to the labour market, along with new requirements. This is true for Generation Y, or Millennians, which have already entered the labour market, but also for Generation Z, which is just arriving. Companies should be prepared, warn HR experts.
“Millennians, contrary to their predecessors, know what they want and need and also know how to ask for it,” said Katarína Polakovičová, research consultant at Amrop, adding that they require more freedom when doing their jobs and more time for their hobbies, friends and family. “The problem is that not all employers are willing to respect their requirements. But, in the strong fight for talents, if they want to gain and keep smart people, they will have to do it, sooner or later.”
Statistics indicate that Generations Y and Z, i.e. those born between the mid-1990s and mid-2000s, will make up one half of the labour force in Slovakia in late 2020.
Generations on the market
Today, there are four generations on the labour market: Baby boomers, Generation X in Slovakia, also known as Husák’s children since they were born during a time of strong, pro-family policy created under Gustáv Husák’s presidency, Generation Y, or Millennians, and Generation Z, specified Nikola Richterová, spokesperson of the biggest job website Profesia.