Gen Z & Millennials Want Work-Life Balance

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In the fast-paced world of work, stress has become an unwelcoming and ever-evolving problem for many people, particularly Generation Z and Millennials. Both groups face challenges beyond traditional work pressures, such as financial strain, work-life balance and self-image. 

Research from the Resolution Foundation finds that more than a third of young people aged 18 to 24 suffer from what is described as a “common mental disorder” (CMD) like depression, anxiety, or bipolar disorder. 

That, paired with the fact that young people are now more likely to be absent from work because of illness than people who are 20 years older, will explain productivity levels lowering more than ever before. 

So, taking the time to understand how such stress factors can affect young people, we’d realise that a web of causes of economic uncertainty, societal shifts, and technological advancements make the workplace a challenging environment.

What Contributes To This Surge In CMDs?

The line between work and personal life is increasingly blurred for Gen Z and Millennials. The constant connectivity brought about by technology and working from home means work demands can infiltrate every aspect of their lives as it is accessible from all points, whether it be a mobile phone, laptop or tablet, and eventually affects their lifestyle choices and personal environments. Asana, a work-management platform used by millions of people worldwide, discovered that a majority of Gen Z respondents said that they could not switch off from work, resulting in 84% of them experiencing burnout in the past year compared to 63% of all workers. 

How Social Media Can Impact Your Stress Levels

Social media also plays a vital role in amplifying stress, as there is constant pressure to look a certain way and have a particular lifestyle. There is pressure to maintain a specific image online, professionally and personally, adding an extra layer of stress beyond the traditional work environment.

Can Financial Stress Affect Your Mental Health?

Financial instability is another challenge that inflicts stress on young working professionals, and this is due to the need for certainty of whether their monthly or yearly income would be able to fund their lives.

According to financial experts at EY, data revealed that more than a third (39%) of survey participants said they are very stressed or worried about making the wrong choices with their money. Stagnant wages, rise in prices due to the cost of living and mounting student loans can significantly impact their financial well-being, influencing their overall job satisfaction and mental health.

These challenging times are unprecedented, which pushes Gen Zers to feel detached from older peers and at a disadvantage.

Work-Life Balance & Stress Impact

Unlike previous generations, Gen Z and Millennials thrive in a more holistic approach to life. They value personal hobbies, passions, social connections, and mental health alongside their careers. Achieving this balance, however, becomes a challenge when work expectations and surging prices override their desire to be more productive in their personal lives.

Embark on a journey towards a healthier work-life balance by exploring personalised solutions and strategies to enhance well-being in the workplace. For expert guidance, contact us at Caldeira Consulting.