With every generation, more individuals have an interest in becoming their own boss; they don’t seek to be the employed, but the employer. The same can be said for Generation Z, which holds twenty one million people in American alone, all born between the years of 1994 to 2010. According to an article recently completed by Forbes, a new study completed by Randstad, the third largest staffing organization in the United States, seventeen percent of Generation Z’s wish to start their own business. Only eleven percent of Generation Y’s were found to have the same desire in the course of the same study. Alternatively, a different study found this number to fall woefully short; in the case of these findings, seventy two percent of the members of Generation Z wished to start their own business, compared to sixty four percent of Generation Y’s with the same desire.
The article attempts to explain this ever-increasing figure. With every generation, information and people are easier to access; members of Generation Z can now connect with like-minded people across the world, long before they even consider starting their own business. There are also easier means of access to resources; children can now find TED talks and industry blogs online quite easily, and can commence research for their own endeavors from a very young age. Generation Z’s have also shown an understanding of their existing resources and the best means to harness the talents of those who surround them. Members of this generation aren’t’ afraid to turn to parents, relatives and friends for assistance. Mentors are also easier to find, as connections can be found easily through online platforms.
While this all looks excellently productive for prospective entrepreneurs, the productivity of the upcoming generation will require some accommodations on the part of the corporations. Generation Z demands to have their ideas heard and harnessed; as a result, corporations that don’t address or employ that entrepreneur-type environment may find it difficult to recruit a future workforce. However, those companies that can address and understand the desire of the generation will have an advantage in hiring activities. Offer opportunities for these employees to be visible to leadership and impart responsibilities that will allow the employee to stretch their skills and knowledge.