Business & Tax Centre Ltd.

    Business & Tax Centre Ltd, Chartered Accountants, 19 Pembroke Street, HAMILTON, 07 834 0556. For all enquiries please see the contact page.


    To keep our customers informed we regularly provide a free newsletter. For your convenience the content of our current newsletter is displayed below. If you prefer a PDF version of the current and older issues of the BizTax Alert you can download them from the 'Newsletters' page.


    BizTax Alert Newsletter

    | Summer 2020|


    Generation Z – our future workforce


    The rise of Generation Z (‘Gen Z’) is imminent in today’s workforce. Comprised of those born between mid-1990s and early-2000s, Gen Z has grown up in a world with technology at their fingertips. Common traits include: confidence, desire to succeed, thriving on recognition, being adaptable and tech-savvy. However, their most valuable aspect is they represent an organisation’s future.


    Fast forward 10 years from now – baby boomers will be retired and employers will have no choice but to recruit an increasing number of Gen Z employees. As Gen Z members are currently young, they are perhaps not a priority when it comes to recruitment planning. However, it is crucial employers learn to understand this generation and how to attract, recruit and retain them.


    If Gen Z members are not being challenged, recognised or rewarded for their efforts, they will have no hesitation to search for opportunity elsewhere. Today, it is increasingly common for employees to change jobs after spending only months with their employer. It is clear that the fierce, unparalleled loyalty that was once displayed by previous generations will not be as prevalent in the future. Being adaptable and tech savvy also means Gen Z will demand remote working and flexible working – such “perks” will become expected, rather than incentives.


    To attract Gen Z into their organisations, employers should be aware that the approach to job searching is significantly different to the traditional methods. Often, Gen Z begin their job search on the organisation’s website – looking for the organisation’s culture to impress them. They then head to social media to learn more. Hence, organisations need to get creative with different social platforms and use them to reach out to potential candidates.


    To read more find article on page 3 of Summer Biztax Alert 2019.