Demographics
Meet Generation Z: The Newest Member to the Workforce
Every generation approaches the workplace differently.
While talk over the last decade has largely focused on understanding the work habits and attitudes of Millennials, it’s already time for a new generation to enter the fold.
Generation Z, the group born after the Millennials, is entering their early adult years and starting their young careers. What makes them different, and how will they approach things differently than past generations?
Meet Generation Z
Today’s infographic comes to us from ZeroCater, and it will help introduce you to the newest entrant to the modern workforce: Generation Z.
There is no exact consensus on the definition of Generation Z, and demographers can differ on where it starts. Some have Gen Z beginning as early as the mid-1990s, while others see it starting in the mid-2000s.
Regardless, Generation Z is the group that follows the Millennials – and many Gen Zers are wrapping up high school, finishing up their university degrees, or looking to get their first real jobs.
Millennials vs. Gen Z
While generational differences cast a wide net and don’t necessarily apply to every individual, here is what demographers say are some key similarities and differences between Gen Z and Millennials.
Millennials | Generation Z |
---|---|
Raised by Baby Boomers | Raised by Gen Xers |
Grew up during an economic boom | Grew up during a recession |
Tend to be idealistic | Tend to be pragmatic |
Focused on having experiences | Focused on saving money |
Mobile pioneers | Mobile natives |
Prefer brands that share their values | Prefer brands that feel authentic |
Prefer Facebook and Instagram | Prefer Snapchat and Instagram |
Generation Z tends to be more pragmatic, approaching both their education and career differently than Millennials. It appears that Gen Z is also approaching money in a unique way compared to past groups.
What to Expect?
Generation Z does not remember a time when the internet did not exist – and as such, it’s not surprising to learn that 50% of Gen Z spends 10 hours a day connected online, and 70% watches YouTube for two hours a day or more.
But put aside this ultra-connectivity, and Gen Zers have some unique and possibly unexpected traits. Gen Z prefers face-to-face interactions in the workplace, and also expects to work harder than past groups. Gen Z is also the most diverse generation (49% non-white) and values racial equality as a top issue. Finally, Gen Z is possibly one of the most practical generations, valuing things like saving money and getting stable jobs.
You may already have Gen Zers in your workplace – but if you don’t, you will soon.
Demographics
The Smallest Gender Wage Gaps in OECD Countries
Which OECD countries have the smallest gender wage gaps? We look at the 10 countries with gaps lower than the average.
The Smallest Gender Pay Gaps in OECD Countries
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Among the 38 member countries in the Organization for Economic Cooperation and Development (OECD), several have made significant strides in addressing income inequality between men and women.
In this graphic we’ve ranked the OECD countries with the 10 smallest gender pay gaps, using the latest data from the OECD for 2022.
The gender pay gap is calculated as the difference between median full-time earnings for men and women divided by the median full-time earnings of men.
Which Countries Have the Smallest Gender Pay Gaps?
Luxembourg’s gender pay gap is the lowest among OECD members at only 0.4%—well below the OECD average of 11.6%.
Rank | Country | Percentage Difference in Men's & Women's Full-time Earnings |
---|---|---|
1 | 🇱🇺 Luxembourg | 0.4% |
2 | 🇧🇪 Belgium | 1.1% |
3 | 🇨🇷 Costa Rica | 1.4% |
4 | 🇨🇴 Colombia | 1.9% |
5 | 🇮🇪 Ireland | 2.0% |
6 | 🇭🇷 Croatia | 3.2% |
7 | 🇮🇹 Italy | 3.3% |
8 | 🇳🇴 Norway | 4.5% |
9 | 🇩🇰 Denmark | 5.8% |
10 | 🇵🇹 Portugal | 6.1% |
OECD Average | 11.6% |
Notably, eight of the top 10 countries with the smallest gender pay gaps are located in Europe, as labor equality laws designed to target gender differences have begun to pay off.
The two other countries that made the list were Costa Rica (1.4%) and Colombia (1.9%), which came in third and fourth place, respectively.
How Did Luxembourg (Nearly) Eliminate its Gender Wage Gap?
Luxembourg’s virtually-non-existent gender wage gap in 2020 can be traced back to its diligent efforts to prioritize equal pay. Since 2016, firms that have not complied with the Labor Code’s equal pay laws have been subjected to penalizing fines ranging from €251 to €25,000.
Higher female education rates also contribute to the diminishing pay gap, with Luxembourg tied for first in the educational attainment rankings of the World Economic Forum’s Global Gender Gap Index Report for 2023.
See More Graphics about Demographics and Money
While these 10 countries are well below the OECD’s average gender pay gap of 11.6%, many OECD member countries including the U.S. are significantly above the average. To see the full list of the top 10 OECD countries with the largest gender pay gaps, check out this visualization.
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