Paul Peters - Gen Z Mirco-Retirement

MICRO-RETIREMENT: WHY COMPANIES NEED TO TAKE NOTICE OF GEN-Z’S CAREER EXPECTATIONS

Gen-Z is already feeling burned out, with many young professionals feeling immense pressure to constantly be "on" and productive. Unlike previous generations who may have been more willing to sacrifice personal time for the sake of career advancement, Gen-Z places a high value on work-life balance and personal fulfillment.  Research has shown that 76% of Gen-Z workers "prioritized work-life balance over pay." This mindset shift is a key driver behind the rise of micro-retirement, as Gen-Z seeks to proactively manage their energy and avoid the negative impacts of chronic stress and overwork.  In addition to work-life balance, Gen-Z also places a high value on flexibility and autonomy in their careers.  A recent study found that 75% of Gen-Z workers prefer a flexible work arrangement. The ability to shape their own career paths and take ownership of their professional development is a key priority for this generation.  Micro-retirement aligns well with this desire for flexibility, as it enables Gen-Z professionals to temporarily step away from their full-time roles to pursue other interests or experiences without sacrificing their long-term career progression.

Micro-retirement, also known as a mini-retirement, is a trend where employees intentionally take breaks from their careers for periods ranging from a few months to several years to recharge, pursue personal interests, or combat burnout.  Are bosses miscalculating how much Gen Z employees value work-life balance?

A workplace expert and is passionate about helping people find their purpose.  He's a business owner, bestselling author and host of the podcast On Purpose with Paul Peters,  PAUL PETERS