A Survey Reveals 50% Of Gen Z Aspires To Become Entrepreneurs

eneration Z, born between the mid-1990s and mid-2000s, is rapidly taking over the workforce.

As the most tech-savvy and diverse generation, they are changing the work dynamic with their unique skills and work attitudes.

Recognizing the significance of this shift, a new survey has been conducted by Morning Consult and Samsung Solve for Tomorrow, showcasing how Generation Z envisions the future of work, their perceptions of skills required for success, the impact of AI on the workplace, and the qualities needed to be a successful entrepreneur.

In this blog, we will take a closer look at the survey results and understand the changing workplace dynamics of Generation Z.

“Gen Z’s drive to be entrepreneurs, to create their own business and path, is a powerful motivation that those in STEM industries need to acknowledge and cultivate when thinking about our future workforce.- Ann Woo, Head of Corporate Citizenship for Samsung North America

The Morning Consult and Samsung Solve for Tomorrow survey polled over 1,000 U.S. students aged 16 to 25. The results showed that most Gen Z workers value flexibility and prefer a flexible work schedule over a higher salary.

They also view their workplace as a place for socialization and collaboration, with 51% of respondents saying that working with a team and meeting new people is essential for career success.

This highlights that Gen Z workers seek a more inclusive and collaborative work environment than the traditional hierarchical structure.

The survey also revealed that skills such as adaptability, tech-savviness, and creativity are perceived as critical for their future careers. They value adaptability and creativity as necessary to keep up with the rapidly changing times.

Moreover, 74% of respondents believe employers must provide training opportunities for their employees to upskill in the ever-changing tech world.

As a result, we see the emergence of training and development programs as a competitive advantage in attracting and retaining Gen Z talent.

According to the report, many in the Gen Z demographic expect significant changes in the workplace over the next decade.

Specifically, 58% anticipate increased use of advanced technologies such as AI, Machine Learning, Robotics, Virtual Reality or Artificial Reality. Additionally, 41% predict growth in remote and flexible work options.

While Gen Z is optimistic about the potential of AI, they also acknowledge the risks it brings, presenting a new level of social responsibility in designing and implementing AI systems in the workplace.

The report shows that the younger generation, particularly Gen Z, has a unique perspective on career paths.

They value diversity and envision a variety of possibilities for their future. Entrepreneurship and creativity are essential to them, with 50% expressing interest in becoming an entrepreneur or starting their own business.

Additionally, 44% are interested in working in the creative arts and media, while 28% are considering a career in a STEM-related field.

They perceive themselves as independent thinkers and Do-it-Yourselfers, bringing the creator economy to an all-time high. Their entrepreneurial spirit reflects their passion for solving problems they see in the world.

Gen Z identifies several vital attributes necessary for success as entrepreneurs. These include a commitment to hard work at 64%, knowing the right people (such as influencers and investors) at 49%, and perseverance through challenging times at 49%.

Personal growth and adaptability are considered essential skills for success, with 47% valuing a willingness to learn, 44% valuing creativity, and 40% valuing leadership and management abilities.

In conclusion, the findings of the Morning Consult and Samsung Solve for Tomorrow survey provide a glimpse into the preferences and expectations of Gen Z in the workplace.

This emerging generation of workers seeks a more flexible, collaborative, and inclusive work environment, emphasizing adapting to the ever-changing tech world.

Employers must recognize that training and development programs play a more significant role in attracting and retaining Gen Z talent and that entrepreneurial and creative opportunities are what they desire.

The survey also highlights that social responsibility is a top priority for Gen Z workers, reflecting the importance of considering the impact of AI and other technological advancements in the workplace.

As the world of work continues to evolve, employers must take heed of these preferences and adapt their strategies to cater to this new generation.