New Research Uncovers The Truth Behind The Rising Trend Of Companies Firing Gen Z Workers

Gen Z employees are struggling to stay employed.

Filip

• Published in News
• September 30, 2024

Finding a job in today's competitive market can be challenging for many, regardless of generation. Economic fluctuations, rapid advancements in technology, and shifting industry demands are just some of the reasons that contribute to the problem.

Job seekers often face a mismatch between their qualifications and employer expectations. Moreover, many roles require specific skills and experience that may not align with traditional education.

All this makes the process of finding secure stable, long-term employment harder for everyone. Graduates from the past decade are likely familiar with the difficulty of securing their first job.

By last year’s standards, it typically took around six months for a college graduate to find employment. Additionally, once employed, many Gen Z graduates (born between 1996 and 2010) appear to have trouble maintaining their positions.

A recent study found that the problem is not only with employers but also with workers. They explained the challenges employers face when hiring college graduates.

The new survey, which was conducted in August and included responses from close to 1,000 business leaders, revealed that more than half of employers had already let go of 2024 graduates they had hired. This trend has led to some hesitation about future hiring, with one in seven employers stating they might avoid hiring graduates in 2025.

Things are not great for Gen Z

Gen Z is often unprepared for work

"Many recent college graduates may struggle with entering the workforce for the first time as it can be a huge contrast from what they are used to throughout their education journey." He added, "They are often unprepared for a less structured environment, workplace cultural dynamics, and the expectation of autonomous work.

Although they may have some theoretical knowledge from college, they often lack the practical, real-world experience and soft skills required to succeed in the work environment," said Huy Nguyen, Chief Education and Career Development Advisor for Intelligent.

Employers don't place the blame solely on the graduates

Of the employers surveyed, 75 percent expressed dissatisfaction with some or all of their recent graduate hires, citing a lack of motivation, poor communication skills, and insufficient professionalism as the primary issues.

Interestingly, employers don't place the blame solely on the graduates. Instead, they point to deficiencies in the U.S. education system.

As HR consultant Bryan Driscoll said: "As someone who went through years of education, including law school, I can tell you this: colleges are not preparing students for real-world work."

Driscoll emphasized that the focus in education has shifted towards theory rather than practical skills, arguing, "Learning Greek mythology is fascinating, but unless you're teaching it, how does that prepare you to communicate effectively in a corporate meeting or demonstrate professionalism? It doesn't."

Surprisingly, students also support this perspective; they recognize the flaws in their education. Data from 2023 indicated that nearly half of students felt their degrees did not equip them with the necessary skills for the future workplace.

Even 20 percent of respondents suggested that they would have benefited more from work experience than academic study.

Filip