Gen Z and millennials have grown up in a drastically different world compared to earlier generations. Thanks to the internet, they’ve observed the real-time globalization of the job market and the commodification of labour. The once-common idea of a lifelong job, prevalent in the boomer era, is now a thing of the past.
BusinessDay reported that with Gen Z’s significant presence in Africa, particularly in Nigeria where they make up over 25% of the population, employers are facing new challenges.
According to a 2021 report published by the African Polling Institute, more than 7 in 10 Nigerians are willing to relocate abroad with their families if given the chance.
This fraction represents about 73% of Nigerians who would rather pack their bags than remain in the country where little or no hope remains.
Read also: Top 5 Gen Z women in Nigeria dominating in different careers
In 2019, only about 32% of Nigerians considered relocating abroad, so between 2019 and 2021, the percentage of those willing to permanently leave the country for greener pastures rose by 41 percentage points.
This generation values remote work, tech-savviness, and flexibility, and expects workplaces to embrace diversity and autonomy. Their desire for meaningful, purpose-driven work is reshaping workplace culture, and pushing for more inclusive and adaptable environments.
Read also: Gen Z men pushing boundaries, and challenging traditional norms
At the same time, the Henley Global Mobility Report 2024 July highlighted that “housing costs have skyrocketed, leading some young Americans to doubt their ability to ever own a home. Similar commoditization effects have occurred in personal relationships, resulting in rapidly declining rates of marriage and childbirth in America. The overarching theme for these generations is one of flexibility and constant change”
Gen Z and millennials have significantly transformed traditional career trajectories. A Gallup study found that 60% of millennials are willing to explore new job opportunities, unlike 45% of other workers.
In 2022, the average job tenure for those aged 25-34 was only 2.8 years, in stark contrast to 9.8 years for workers aged 55 to 64. This shift highlights a fundamental redefinition of career paths.
Read also: Gen Z dreams big: Influencing careers boom, but mental health risks loom
It’s no surprise that many Gen Z Americans are drawn to living abroad, attracted by the benefits of high remote wages in countries with lower living costs, reduced crime, less political division, better public transportation, and more green spaces.
The digital nomad trend is significant, with 17 million Americans embracing remote work and travel to improve their quality of life. This trend is echoed globally, with two-thirds of Gen Z and millennials in the UK also seeking borderless careers.
These generations have transformed the traditional career path, with 60% of millennials open to new opportunities and a significantly shorter job tenure compared to older workers. Instead of following a single corporate ladder, young professionals now see their careers as a collection of experiences and skills.
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