In HR, can confirm that the job market is tight as hell, making companies have to pay more to fill positions than before.
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Gen Z doing better than Millennials in pay
- Thread starter Syriel
- Start date
Because, as with video game consoles, generations aren't defined only by the passing of time.
I say this a
Honestly this is the norm as I see it as well. Company loyalty is bullshit
Honestly this is the norm as I see it as well. Company loyalty is bullshit
Zoomers are just kids still. They'll grow old and cranky as they're beaten down by life too.
Well Millenials were called Generation Y (which was lazy), until we grew in size/age and a better named was created. I doubt you'll be identified as "generation Z" in a decade. It's a placeholder until your overall demographical trends are better known.
Also if anyone really wants to know how the millennial story is likely going to end..... look up Japan's Lost decade...... it's not a happy story.
We entered the job market in one of the worst economic points in our country's history. Gen Z benefited from being able to learn from our mistakes, are far more of a digital generation than us, and were able to participate in a lot more school programs like magnet, robotics, programming etc.
Yeah, I'm so confused at this tight job market talk. I've been looking for a job for over a year and barely any interviews.
Yep. I get that. I was only able to short-circuit it by putting in time with the military. Many of my peers weren't (and aren't) as fortunate.
I was 17 when 9/11 happened. I remember it very well.
Another thing I remember? Signing up for selective services (to put your name into the draft should it ever happen) was scary as fuck at that time.
Congrats to them, hope they don't get fucked by a massive recession and the Boomers sucking up all the money again
Can confirm, the majority of my peers are still chillin in low-wage jobs or just not as high up as they could be.
Gen Z seems super motivated, and why shouldn't they be? Unless the economy takes a massive dump thanks to idiotic moves by the government.
Gen Z seems super motivated, and why shouldn't they be? Unless the economy takes a massive dump thanks to idiotic moves by the government.
Entering the workforce with 3.6% unemployment, rather than it being in double digits, will do that.
OP
OP
Well, that sounds like the larger economy has shifted to a better position to me. I'm still screwed right now as a millenial but I'm glad GenZ is on the up.
To note, it does say they're CATCHING UP not that they have caught up. They still sound a bit worse off but if we get a continuing trend where young workers are getting paid better and better, I think that's a good sign.
To note, it does say they're CATCHING UP not that they have caught up. They still sound a bit worse off but if we get a continuing trend where young workers are getting paid better and better, I think that's a good sign.
As a non-US gen-Xer whose working-life has been through 2 major recessions and one smaller one, I assumed job-hopping was the norm.
I'd say I've averaged 3 years per position since I joined the workforce in 1995, with the least movement in the last 10 years, and that only because I emigrated to Australia.
I'd say I've averaged 3 years per position since I joined the workforce in 1995, with the least movement in the last 10 years, and that only because I emigrated to Australia.
not really talking about names. Just found it off that I'm called gen z as I'm 24. Always hear about my age being late millennial.
As a millennial I was shielded pretty well. I was in college from 2008-2012 and was offered an internship at a company. Because I was already considered an employee on educational leave of absence, i was able to return despite there being a hiring freeze. I was very fortunate
Millennial was actually coined back in the 80s (to refer to the next generation which would be the first to reach adulthood in the new Millennium), Gen Y was actually a relatively short lived label that got really popular in the middle as Gen X was still in the spotlight.
speak for yourself, I for one welcome the newer more progressive generations
I was in secondary school when the 2008 recession happened. By the time I finished in 2010 I didn't know the shit I was in for, lmao.
Never had a chance brehs. Being among the youngest Millennials is a curse.
Hope that shit never happens to Gen Z or future generations.
Never had a chance brehs. Being among the youngest Millennials is a curse.
Hope that shit never happens to Gen Z or future generations.
Exactly. We had little to no warning. But we got blamed for everything.
The kids aren't the issue. It was the actual boomers and Gen X's that fucked us.
I would assume it's because tech sectors are blowing up, and that it's easier to ring in younger talent with smaller raises then they need to be. Is it compared to cost of living of the area? So, let's say, some in New York is 22-23 and is hired, do you think their whatever % a year is actually enough to help them purchase and shit?
But this has always been true, unless there is a strong reason to give newer entries lower salaries, the rate at which new entry salaries grows is much faster than what the evolution of someone's salary over their lifetime is.
Eh, let's wait and see what the constant flow of social conservatism and nationalism on social media will do to the coming generations.
I was like them with a good job straight from school, then lost it at the start of the recession and the resulting big gap in my CV is still a problem years later. At least I've finally stabilised and am back on track, just years behind where I could have been.
Wait, I'm a Zoomer? That doesn't sound right. Born in 1996, I was in secondary school when the recession hit. I'm graduating law school in 2021, and right now I'm working as an English teacher and getting paid well enough to be able to pay rent and tuition but not enough to have considerable savings (I've got like one month's worth in savings and I just used that to pay a hospital bill :( thank god for insurance reimbursements ). I know I have it better than most because I only have 3k in student loan debt.
I just hope I'm not hit too hard by the next recession.
I just hope I'm not hit too hard by the next recession.
Yeah I've hired 3 Zs in the past year, all fresh out of college and I'm so jealous of the salary they are starting out at. I'm like, dude it took me forever to get to that because of the recession and that is your starting point!? Its made me go back for my MBA though so I'll give them the credit for keeping me motivated. They're also super fun, excited, and not jaded to work with like a lot of the cynical millenials, X, and remaining boomers in the office.
The extreme blow to (our) my confidence as a result of that probably does nothing to help secure better paychecks.
Any day now...
Srsly though, this worries me.
I got kind of lucky. My average raise per year starting from 23 was ~18%. Last year though was nice with a move to one of the big tech companies. More than doubled my pay after last year's raise. So with that, it shifted my ten year average to roughly 80% per year. All this while graduating from university in 2009. That said, there are kids fresh out of college making within 90% of my pay which kind of stings.
Sounds like you're in the one field there's still strong demand for.
I mean this isn't really surprising but the more you change jobs the higher your pay generally is.
My first job after university i earned like 27k in 2012. moved to a different job in 2014and earned 45k.Have joined a different company in 2018 and now earn close to 75k (including bonus payments) and could've gone back to my old company for even more money.
If you have somewhat of a decent education you can make bank even as a millennial right now.
My first job after university i earned like 27k in 2012. moved to a different job in 2014and earned 45k.Have joined a different company in 2018 and now earn close to 75k (including bonus payments) and could've gone back to my old company for even more money.
If you have somewhat of a decent education you can make bank even as a millennial right now.
Gen Z is going to put us millennials under their boot once the boomers die. Do not go gently bros.