Gen Z work preferences lean towards entrepreneurship, gig jobs — PhilCare
GENERATION Z has expressed a preference for running their own business and participating in the gig economy, according to health maintenance organization PhilhealthCare, Inc. (PhilCare).
The 2024 PhilCare Wellness Index, said 70.3% of Gen Z listed entrepreneurship over employment as their top, compared to 80.5% for Gen X and and millennials, also known as Gen Y.
“The younger (generation) wants to be entrepreneurs but there are timelines. Previous research suggests that (people work) to save capital and then go into business,” Fernando dlC. Paragas, PhilCare Wellness Index lead researcher, said.
Gen Z’s work preferences include flexible schedules, independent work, taking on gigs, and working overseas.
“I guess that’s why there is some kind of a correlation between entrepreneurship and taking risks. The restrictions to being an employee are no longer there,” PhilCare Chairman Monico V. Jacob said.
The study noted that 53% of its Gen Z respondents prefer multiple part-time jobs over just one full-time job. This compares to 48% for Generation X and Y.
Some 58.1% of Gen Zs said they feel the double burden of earning for themselves and for family, including parents.%.
“Gen Z’s significant part of work life so far was during the pandemic, in comparison to the older generations, whose work experience was in the office,” he said. — Aubrey Rose A. Inosante