About this Video

• Video Title: What Gen Z Wants At Work: Priorities On Salary, Financial Security & Early Retirement | Money Mind
• Channel: CNA Insider
• Speakers: (Speaker names not explicitly mentioned in the transcript)
• Duration: 00:06:16

Introduction

This CNA Insider video discusses the career aspirations and priorities of Gen Z individuals across Southeast Asia and China. The video focuses on their desires for early retirement, preferred work arrangements, and the importance of financial security and work-life balance. It also explores the disconnect between aspirations and reality, regional variations in preferences, and the myth of Gen Z as job-hoppers.

Key Takeaways

• Early Retirement: Most Gen Z respondents aimed to retire by their 50s, contrasting with older generations' retirement plans.
• Full-Time Employment Preference: Despite the gig economy, a full-time job was the most preferred work arrangement across most regions, with China showing the strongest preference.
• Financial Security and Work-Life Balance: Financial security ranked highest among job-hunting priorities, followed by work flexibility; work-life balance was emphasized as crucial for productivity, urging employers to prioritize it.
• Job Stability Over Job Hopping: Contrary to stereotypes, Gen Z respondents preferred longer job tenures, with an average desired stay of at least 3 years. Chinese respondents indicated the longest desired tenure (4.6 years).
• Regional Variations: While Gen Z's across the surveyed regions shared some common priorities, notable differences emerged; China prioritized recognition, while Singapore prioritized financial benefits.

1. 6% of respondents said they didn't think they would be able to retire.

2. Respondents in Indonesia were most likely to prioritize having a full-time job along with a side hustle.

3. The two most important considerations for Gen Z respondents when job hunting were financial security, followed by work flexibility.

4. Singaporean respondents indicated the shortest average desired tenure, a mean of 2.9 years.