CFOs must be proactive in how they attract and retain Gen Z talent

Generation Z, those born between 1997 and 2012, are rapidly entering the workforce and they're having an impact on the workplace unlike any previous generation. Companies must pay attention to the needs and expectations of Generation Z if they want to attract and retain top talent from this group.

According to the article "8 Ways CFOs can Win and Retain Generation Z Workers," published as a guide by Oracle Netsuite, there are several things companies can do to adapt to the needs and wants of this generation. The guide states that "flexible, diverse and inclusive workplaces will be in high demand," which makes sense given that Generation Z has grown up in a world where diversity and inclusion are increasingly important values.

One of the most interesting things about Generation Z is their strong sense of purpose. They aren't content to simply work for a paycheck; they want to feel like they're making a difference in the world. Companies need to make sure that they're offering opportunities for employees to contribute to a larger purpose, whether that's through volunteer work, sustainability initiatives, or other socially responsible activities.

Another important consideration for companies is the use of technology. Generation Z is the first generation to have grown up with smartphones and social media, and they're used to having information at their fingertips. Companies that want to attract and retain top talent from this generation need to provide them with the latest technology and give them the tools they need to be successful.

Ultimately, the key to attracting and retaining Generation Z employees is to offer a flexible, inclusive, and purpose-driven workplace that leverages the latest technology. According to the Oracle Netsuite guide, "Companies must be digital, agile and prepared to adapt to rapid changes in the economy, technology and society." By embracing the needs and expectations of Generation Z, companies can ensure that they're well-positioned to succeed in the future.

Here are the eight steps CFOs can take to attract and retain Generation Z talent:

1. Offer flexibility and work-life balance
2. Prioritize continued learning opportunities
3. Show a clear path for advancement
4. Provide real opportunities to contribute
5. Invest in technology to empower employees
6. Rethink job listings and recruiting channels
7. Offer as much autonomy as possible
8. Provide mental health resources

‍Access the full guide.

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