How Gen Z is winning the Great Resignation, from pay increases to better work-life balance
They're the generation more likely to switch jobs and are landing the biggest pay increases when they do, according to aAnd even more young professionals are thinking about handing in their resignation letters in the next two years, based on a global survey from— although the share who said this is down from last year's result, signaling that the Great Resignation could be slowing a bit after a year of record-high quits.
Bank of America internal data shows a similar story, where roughly a quarter of Gen Z, those up to age 25, have job-hopped over the past six months, the highest share among generations during this period. The Bank of America Institute report found that"the average pay rise associated with job moves," based on annual pay data from May 2021 to April 2022, is around 17.6%.For Gen Zers, this pay increase is 29.7%, the highest percentage among generations, according to Bank of America data.
David Tinsley, the director of the Bank of America Institute, told Insider that Gen Zers' level of education could be related to higher pay.
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