Page 59 - Appreciating Organization's Biggest Assets

7. The Gen Z generation looks giving more non-monetary
at the culture of the organization compensation to their employees.
and that’s the biggest factor. There Non-monetary compensations
are only two methods for a culture like work life balance, constant
to develop and evolve. “People can support, and feedback from the
invent within their own culture or top management so that they can
draw from other civilizations to improve themselves.
foster fresh growth and change.” 11. Gen Y focuses more on non-
In either case, those who will be monetary rewards and believes that
impacted by the changes must be recognition is very important either
ready to embrace them and work to verbal or non-verbal. Recognition
make them successful. is necessary to retain employees

8. Gen Z prefers face-to-face and verbal recognition should be
communication because they want practiced often such as praises and
to be taken seriously. They want acknowledgement that will help
the bosses to value their opinions them boost their esteem.
and pay attention to their ideas. Conclusion
It suggests that the workplace
should focus more on ideas and The needs and motivators of
contributions than it should on age. Generation Z appear to be distinct
Additionally, they want to work from those of prior generations.
for a trustworthy boss who will As members of this generation
be forthcoming and not withhold join businesses, they will bring
information from them due to their their own distinct needs to the
youth or position. workplace. To create a corporate
culture and workplace that will give
9. Both the generations expect the company a distinct advantage
more money apart from other in the competition for top talent
compensations respectively as these employees from the Generation
generations are constantly updating Z, which will ultimately sustain
themselves with new technology organisational growth and help
and providing services in the service the company remain successful,
sector. The services like consulting, it is crucial for the company to
training, maintenance and repairs, understand what matters to the
hospitality banking, media, and Generation Z in advance. This
entertainment etc. will increase the company’s

10. Gen Y feels that attractiveness both inside and
organizations should focus on outside of the industry.

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