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    China’s Gen Z: Shaping the Future of the Workplace

    Published On: 27 June 2023

    Sharing their insights on China’s Gen Z workforce and their impact on talent acquisition and HR practices, senior human resource executives from Standard Chartered Bank, London Stock Exchange Group, Russell Reynolds Associates took part in an Asia House online conference held in partnership with Cheung Kong Graduate School of Business (CKGSB) on Tuesday, 27 June.

    The online conference began with CKGSB’s Dr Zhang Xiaomeng launching her ground-breaking research on China’s Gen Z in the workplace. Dr Zhang has produced an unprecedented report examining the unique preferences and challenges encountered by China’s 18–25-year-olds in the workplace. The report findings span from Gen Z’s value preferences, their career choices to their unique resilience status, all of which affect how to understand and motivate young colleagues. This data-driven report is based on a comprehensive survey that garnered close to 17,000 responses covering 2.4 million data points across China. In her presentation, Dr Zheng remarked that “Gen Z has become the main work force in the work place and their aspirations from the work place are not very different to those of the older generations”.

    Following Dr Zhang’s presentation, our keynote speaker Tanuj Kapilashrami, Group Head, Human Resources, Standard Chartered Bank addressed the conference on how Gen Z is changing the modern work place. Tanuj shared “25% of the Standard Chartered work force is now Gen Z and this number is set to quickly rise, we must equip ourselves to support these changes accordingly”.

    The conference turned to a panel discussion next with noted professionals like Caroline Raggett, Managing Director, Board and AgFoodTech, Russell Reynolds Associates, Sean Li, General Manager, Robert Walters China and Pooja Jhaveri, Leadership Development and APAC DEI Director, LSEG joining in. The discussion aimed to explore the differences between what the average Gen Z employee wants and what the work sector has to offer, along with exploring the lag in employing fresh graduates in China. The discussion also placed an increased focus on the importance of mental health, flexibility and work-life balance in today’s work places.

    The panel discussion was followed by an enriching Q&A session between the panelists and attendees across global sectors. There was discussion on how to build work environments which are able to retain Gen Z employees, along with discussing the impact of Gen Z – not only on the employment sector, but also on global markets.

    Chaired by Asia House Chief Executive Michael Lawrence OBE and held online, the conference gave the participants a unique insight into the future of the Gen Z work force in China and in the world, along with highlighting how organisations can better recruit, train and retain this workforce.

    As Gen Z becomes the largest demographic group in China’s workforce, it is crucial to understand their unique challenges and preferences, download the latest CKGSB report: Understanding China’s Gen Z in the Workplace.

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