The Deloitte Global 2022 Gen Z and Millennial Survey
Country Profile: Thailand
Gen Zs and millennials feel deeply concerned about the state of the world and their own futures. They are reassessing their priorities in the wake of ongoing crises, and actively trying to balance the challenges of their everyday lives with their desire to drive societal change.
The full report displays Thailand’s Gen Zs and millennials’ survey results compare to their global counterpart. These are the 5 key findings from the report:
1. About two-thirds of Gen Zs (67%) and millennials (63%) have a part- or full-time side job, in addition to their primary job.
Cost of living is the top concern among millennials (34%) while Gen Zs’ top concern is unemployment (33%). Many live paycheck to paycheck and worry that they will not be able to cover their expenses. At a broader societal level, Gen Zs and millennials are concerned about wealth inequality and not optimistic that the economic situations in their countries will improve.
2. The Great Resignation signals a breaking point.
They have made many reassess what is important to them after ongoing dissatisfaction, increasing distrust in business, and shocking events, like the pandemic. Employers now have a need, and an opportunity, to drive the sustained workplace changes that Gen Zs and millennials have long been asking for. Better work/life balance and more learning and development opportunities are at the top of the list.
3. Flexible work is a priority.
Most of the Gen Zs (80%) and millennials (75%) prefer hybrid work or to work remotely, but about half of them currently have the option to do so. They value flexible work because it helps them save money, frees up time to do other things they care about, and allows them to spend more time with family.
4. Gen Zs and millennials believe that the world is at a tipping point in responding to climate change.
Almost all of Gen Zs and millennials (94%) are making efforts to reduce their personal environmental impact. Near term, their actions are focused on small everyday actions; longer term, they see themselves increasing their civic engagement and bringing sustainability into their large purchases, even if they may cost more upfront. They are also pushing their employers to take action against climate change. However, only 33% of Gen Zs and 27% of millennials believe employers are strongly committed. They are even less optimistic about their governments’ commitment to drive change.
5. Stress and burnout levels are high.
60% of Gen Zs and 42% of millennials say they feel stressed all or most of the time. Meanwhile, more than three out of five of all respondents say they feel burned out from the pressure of their workloads. Employers are seen to be making an effort to address workplace mental health issues – more than three-quarters of respondents say their employer is more focused on workplace well-being and mental health since the start of the pandemic. However, many do not believe the increased focus has resulted in any meaningful impact on employees.