Gen Z and millennials switch jobs over climate concerns
Source: Middle East Insurance Review | Jul 2023
A new survey conducted by the professional services firm Deloitte has revealed that more than 40% of Gen Z and millennials have changed jobs or sectors due to climate concerns or plan to do so in the future.
These findings reinforce the fact that climate change and environmental sustainability are now becoming vital factors for companies’ ability to recruit and retain employees.
One of the main areas explored by the survey was attitudes and behaviours of the respondents towards climate and environmental sustainability concerns and the implications of these issues for businesses.
The report found that climate change is a major concern for Gen Z and millennials, with approximately 60% of respondents reporting feeling anxious about the environment over the past month and more than 70% saying that they are actively trying to minimise their impact on the environment.
These concerns are likely to impact business’ recruitment and retention efforts, with around 55% of respondents reporting that they research brands’ environmental impact and policies before accepting a job and more than 40% reporting that they already have, or plan to, change jobs due to climate concerns.
For the report the 2023 Gen Z and Millennial Survey, Deloitte surveyed nearly 23,000 Gen Z (born 1995 – 2004) and millennial (born 1983 – 1994) respondents across 44 countries, in addition to conducting qualitative interviews, with topics ranging from financial concerns, work/life balance, mental health and climate action.
They are looking for employers who can help empower them to make a difference. Organisations that actively listen and help address their needs and concerns will improve business resiliency and implement actionable change in our world.
It is crucial for employers to understand these generations and continue to drive progress on the challenges that matter most to them. This will not only help boost productivity and retain talent—it will ultimately build trust and value for business in society more broadly. M