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‘Descending’ The Corporate Ladder

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Orlando, Fla. (Ivanhoe Newswire) — Working hard and rising to the top of the corporate ladder has long been a marker of career success and happiness. But that notion may be a thing of the past. According to Indeed and a new study, workplace priorities are shifting, especially among younger generations.

Climbing up the so-called corporate ladder comes with many perks: promotions, new challenges, higher pay. But there’s often a downside, such as longer hours and more stress. And now many young professionals are realizing that’s not the life they want.

That idea is going viral on TikTok with Gen Z and Millennial workers sharing similar thoughts.

A study by Deloitte shows work/life balance is now the top priority for Gen Z and Millennials when choosing where to work. About 90 percent say having a sense of purpose is what drives them and brings satisfaction to what they do. Another growing consideration: the company’s community engagement and impact on society.

The study also shows Gen Z and Millennial workers want flexibility. They’re calling on more employers to offer part-time roles or four-day work weeks.

But experts warn, deciding to descend can land you in a dead-end job, with lower wages and fewer chances of promotion.

A third of people in the study reported regularly feeling stressed at work. Participants say they hope to see employers focus more on prioritizing mental health.

Contributors to this news report include: Lindsay Dailey, Producer; Bob Walko, Editor

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Sources:

https://www.deloitte.com/content/dam/assets-shared/docs/campaigns/2024/deloitte-2024-genz-millennial-survey.pdf?dlva=1

https://www.indeed.com/career-advice/news/descending-corporate-ladder