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Important Workplace issues That Generation Z are Interested in

Important Workplace issues That Generation Z are Interested in. When starting a business, you need to put a heavy emphasis on talent retention & attraction.

Published

2 years ago

October 27, 2019

Tracey Clayton

When starting a business, you need to put a heavy emphasis on talent retention and attraction. The problem, however, lies in the fact that a lot of these entrepreneurs read general guides that don’t necessarily address the issues that are relevant to their target demographic.

Let’s say that you’re keen on hiring members of the Gen Z and you just can’t go on based on the guide that was written with millennials in mind. So, to help you out with this crucial issue, here are several important workplace issues that Generation Z is interested in.

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1. The First Step Towards Independence

About 37 percent of all members of Generation Z have the end goal of starting their own company. This means that, while in your employ, they most likely won’t see your business as a temporary employment option but rather a stepping stone towards something greater.

Keep in mind that if you play this card right, you can get them to invest maximum effort while they’re there. Just try to put things into the right perspective and explain to them how this will take them one step closer towards the goal of starting their enterprise.

Important Workplace issues

2. Nothing Beats Career Growth

Some of the older generations find stability to be a crucial factor in their employment. What they’re looking for is a positive workplace environment, a paycheck that can provide them with the lifestyle they want (a white picket fence and a dog named Spot), as well as a position from which they can just retire in peace.

For Gen Z, it’s all about the chance of growth and progress. In other words, they’ll stay in your employ as long as there’s a challenge in it. As long as they believe that there’s more room for them to advance, they will be unlikely to leave your employ.

3. They’re Far More Cautious

One of the things that a lot of people wouldn’t expect from Gen Z members is the fact that they’re incredibly interested in safety in the workplace. So, protective gear and equipment and the importance of the right safety policy may be far more important to them than it is to anyone else.

They also want to know what happens in the worst-case scenario. What if they get sick or injured and can’t continue working? One way to resolve this is to contact superannuation lawyers and consult them when drafting your workplace safety policy. Chances are that some of your employees might use them.

Important Workplace issues That Generation Z

4. Don’t Expect That They’ll Be There For Long

As we’ve already mentioned, what you need to understand is the fact that Gen Z members hop jobs at an unprecedented pace. This means that it might not be a good idea to place someone who has these traits into a position with long training time.

For instance, it would be a waste of time to groom someone for the position of leadership just to have them abandon you in a matter of days or months. Remember, there’s so much for them to do while they’re there and it would be a shame to miss out on this massive potential.

5. They’re Quite Tech-Savvy

One more thing you need to understand is the fact that Gen Z members are incredibly tech-savvy, which doesn’t come as a surprise, due to the fact that they’re practically born with a smartphone in their hand.

They also do not see the difference between digital and real life, which makes their transition into the digital work environment a lot smoother. This is also great for group projects and collaboration tools, as well as remote working.

6. The Traditional Way of Communication

Perhaps the most surprising fact about Gen Z employees is the fact that they prefer the traditional workplace communication. This is probably because, in their private life, they’re mostly isolated and accustomed to spending time with their friends in the virtual environment.

Sure, introverts might like it this way but a substantial amount of extroverts are in your employ as well and they might miss the opportunity for face-to-face encounters. This workplace environment may provide them with just that.

The very last thing you need to understand is the fact that important workplace issues that Gen Z is interested in might to seem unique and even completely counterintuitive.

After all, if talent retention is impossible, then what’s the point in working on it, to begin with? The truth is that it’s not about how long you manage to keep them but how hard you can make them try in this period that matters the most.

Blockchain

Can Tokenization of Asset Bring More Investment From the Masses

Tokenization of assets isn’t a new phenomenon, but unlike the waves in the past STOs, this time, it might tip the balance in favour of decentralized finance.

Published

17 mins ago

June 25, 2021

TwinzTech

In a new article, Coindesk has predicted that the Cryptocurrency’s DeFi sector is set to see a resurgence of Security Token Offerings (STOs) and has predicted “a sixfold increase in the total dollars raised using such funding methods over the next four years.”

Tokenization of assets isn’t a new phenomenon, but unlike the waves in the past STOs, this time, it might tip the balance in favour of decentralized finance. The article further predicted that “more private companies will bypass traditional initial public offerings (IPO) and instead use blockchain technology to digitize the capital-raising process.”

Although traditional capital markets and venture capital firms have ceded some prime money-making to DeFi, doing away with conventional IPOs might be a significant first step to democratizing venture financing.

Past the debacle of early blockchain ICOs, where the process by which a company ICOs was easy, but the lack of related regulations within the US and abroad around ICOs had led to many fraudulent crowd sales, illegal airdrops, and outright scams. This, in turn, had tarnished the reputation of blockchain-based projects. However, tokenizing assets and either fiat-backed or cryptocurrency backed by gold and silver have dramatically increased confidence in the crypto-asset markets.

The tokenization of assets that represents a real tradable asset, in reality, is quite similar to the process of securitization. An STO, with increasing frequency, is also used to describe a share in a company, ownership of a piece of real estate, or participation in an investment fund. These security tokens are also tradeable on secondary markets.

The new token economy offers to open up the investment world making it more transparent, efficient, and fair. The simplicity of tokenization will also help in reducing the friction surrounding the creation, purchase, and sale of securities.

In addition, it will bring several advantages for both buyers and sellers that will include:

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1. Increased Liquidity of the Market:

The tokenization of illiquid assets in private hands, specifically art, real estate, and the likes, will significantly boost the market’s liquidity. Not only will it make it possible to liquidate the illiquid assets partially, but the ability to trade the security tokens in the secondary markets will also increase the trading activity bringing with it a broader base of traders and investors.

The “liquidity premium” alone makes it worthwhile to tokenize illiquid assets capturing more excellent value for the underlying assets.

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2. Making Transactions Faster and Cheaper:

The intelligent contracts attached with the tokens and their automated execution upon the meeting of coded terms in the smart contract will mean automation and lack of administration of much cheaper transactions. The buying and selling of the security tokens will require lesser intermediaries, faster deal execution and lower transactional fees.

3. Increased Transparency:

Since a security token is also essentially a smart contract, it can be embedded with the owner’s responsibility and rights. The fact that records on a blockchain are immutable searches, provenance and trading history would be a cinch. The entire chain of ownership rights, responsibility, and origin of the security token will be entirely transparent.

4. Greater Accessibility:

Most importantly, tokenization could open up the investment world to a large audience. The high liquidity, market movement, lower investment amounts, and shorter periods required to hold the token can make the token economy to the average investor. Like the ticket divides an illiquid asset, the tokens themselves are readily divisible into smaller and smaller fractions enabling even a small investor to participate in the token economy.

With automated workflows and cheaper and cheaper processing costs, and token administration, the minimum investment amounts will fall further. This will also increase liquidity allowing investors to hold the investments for shorter periods before cashing in. The trading is made even more robust due to secondary markets that operate 24/7.

5. Easier Asset Conversion:

With the DeFi market making the conversion of crypto assets into fiat currency more readily available, the same will become true for security tokens. By providing greater liquidity to an average investor that often shies away from investment into illiquid assets due to fear of the lengthy process of conversion of an illiquid asset into a liquid one.

If anything, the strong emergence and success of the DeFi market have shown us that making finance decentralized, transparent, and easily accessible will bring in more investors, not less, and lead to the market’s democratization.

In conclusion, the advent of a token economy will lead to a more transparent, liquid, accessible, and just financial and investment system that will serve more and more people via financial products and investment opportunities for all.