Millennials and Gen Z are significantly more likely to experience burnout compared to older generations.
A study by Gallup found that 50% of workers aged 18-34 reported feeling burned out, compared to 34% of those aged 55 and older.
Understanding the factors contributing to this crisis is essential for employers and individuals to develop effective strategies for prevention and mitigation.
Before we delve into this, it’s crucial to recognise that while these generations face unique challenges, it’s important to avoid generalisations. Individual experiences vary widely, and not all Millennials or Gen Z experience burnout. However, understanding the broader trends can help us identify areas for improvement and support.
Let’s bear in mind that the rising tide of burnout among younger generations is a serious issue with far-reaching consequences. From decreased productivity and increased healthcare costs to higher turnover rates and a decline in mental health, the impact on individuals, businesses, and society as a whole is undeniable.
The wellbeing of our future workforce is at stake.
If we fail to address the root causes of burnout among Millennials and Gen Z, we risk talent shortage, economic instability, and a decline in overall societal health.
Challenges Faced by Millennials and Gen Z
It’s essential to understand the pressures faced by younger generations that lead to higher levels of burnout.
Unlike Baby Boomers, who often experienced a more stable job market and clear career paths, Millennials and Gen Z have grown up in a rapidly changing economy characterised by economic uncertainty, rising costs of living, and intense competition for jobs. Additionally, the constant pressure to be connected through social media and the expectation of immediate gratification can contribute to feelings of overwhelm and burnout.
To effectively address the burnout crisis among Millennials and Gen Z, a multi-faceted approach is necessary.
How can this done?
Employers must prioritise employee well-being, offering flexible work arrangements, mental health support, and opportunities for professional growth. Individuals should also take steps to manage stress, set boundaries, and prioritise self-care.
By working together, we can create a healthier and more sustainable future for all generations.
How We Can Help
At NOVA Associates, we partner with organisations to build cultures that foster mental fitness, enabling leaders and their teams to thrive. Discover more about how you can achieve this HERE.
Are you ready to transform your workplace and boost employee performance as well promote and support their wellbeing?
It only takes 3 easy steps:
1. Schedule a Strategy Call.
2. Decide how you are going to transform your team.
3. Stabilise your team and grow your organisation.
Contact us today to learn more about our transformational coaching programmes that improve relationships, boost performance and enhance wellbeing.