Old Bay Insurance Agency Blog
After graduation, one can become excited because, finally, dreams can become a reality — the hard work will eventually pay off. On a side note, every individual aspires to have a financially secure future. Young workers of today have changed, and this post will explain why.
Generations of People in the Workplace
Most workplaces of today are comprised of five generations of people, such as the following:
Take note: Some traditionalists (those who were born before 1946), who are still active and healthy, may still be working to earn a living. However, they are very minimal.
The 2014 US. Bureau of Labor Statistics
The US Bureau of Labor Statistics noted that as of 2014, the people that dominate in the labor force have ages between 25 and 54. Those people who are 55 years old and above are in the mid-range and Generation Z is continuously declining in the scale. A possible reason for this is the lack of job opportunities.
More about the Gen Z
Experts anticipate that by 2020, the post-millennial generation or Gen Z will outnumber the millennial. Compared with previous generations, Generation Z is less captivated by flashy new releases. They are deeply driven by security. In other words, they are more practical than millennial.
The result of the survey conducted by Concordia St. Paul reveals the following:
As you can see, you can theorize that young workers of today are no longer inferior when it comes to focusing on their job. Based on the survey results, you can assume that Gen Z can take responsibility for their career. They are willing to work hard to win the reward.
That being said, soon, there will be more entrepreneurs and workers doing their job independently. Gen Z value skill development and self-improvement.
If you have a company, handling four or five generations in the workplace can be tough. To ensure that everything goes smoothly, get the necessary business insurance plan now from a trusted insurer for your convenience in securing your commerce.
At Old Bay Insurance Agency, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (410) 777-5390. You can also request a free quote by CLICKING HERE.