The Debrief

Gen-Z’s Great Expectations

Jun 22, 2022
In this discussion, Sheena Butler-Young, BoF’s workplace and talent correspondent, unpacks the unique challenges managers face with Gen-Z employees in the fashion industry. Sheena highlights how Gen-Z's high expectations around remote work and salary are amplified by a labor shortage that grants them leverage. Unlike Millennials, this generation demands transparency and real communication over traditional sales tactics. The conversation also emphasizes the need for brands to understand these desires instead of relying on stereotypes.
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INSIGHT

Gen Z’s High Expectations

  • Gen Z is perceived as demanding, receiving 30% higher salaries than typical for their experience.
  • Executives worry that high entry-level salaries might become unsustainable during economic downturns.
INSIGHT

Balancing Needs

  • Executives struggle with Gen Z's salary demands and expectations for flexibility, especially remote work.
  • This struggle stems from balancing progressive policies with business needs and profitability.
ANECDOTE

Hiring Challenges

  • A CEO of a $10 million fashion business finds hiring difficult.
  • Young professionals are either leaving New York or demanding high salaries for limited experience.
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