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It isn't an Australian article, but it may well be a trend.[URL unfurl="true"]https://www.fastcompany.com/90755962/why-gen-z-cares-less-about-getting-a-4-year-college-degree[/URL]Pandemic-led change has propelled companies through decades of evolution in two short years. But, the waves of change are just beginning. Gen Z is entering the workforce in droves and will revolutionize the ways we learn, work, and interact. I’ve worked with tech leaders to better understand how Gen Z is impacting the employee mindset and how they must evolve to remain competitive.Gen Z is the first generation to be born after the iPhone, and their whole lives they’ve had access to technology and more information than any generation before them. This has changed their outlook on the value and price of education.In contrast, they’ve watched Millennials before them take on crushing student loan debt, burdening them well into adulthood and limiting their ability to buy a first home and have children. Gen Z watched their parents and older Millennial acquaintances follow this path, but rather than it leading to prosperity, as promised, for many it meant delays in being able to afford a home, build a family, or save for retirement.As a result, many Gen Zs are bucking the idea of a traditional education path. As of January 2022, only 51% of Gen Z teens are interested in pursuing a four-year degree, down from 71 percent in May 2020, according to a recent study by ECMC Group. And over two years, there was a 6.6% decline in total undergraduate enrollment between fall 2019 and fall 2021.It’s not that they’re ideologically against four-year degrees. Rather, much of Gen Z understands our flawed system with staggeringly high prices for higher education and is looking for ways to earn an income and advance their careers without burdensome debt.Gen Z seems to have more in common with their grandparents who were more focused on technical skills that allowed them stable careers in trades, and less in common with their parents’ generation, who had low-cost access to four-year degrees and general education programs. A recent study showed that 56% of Gen Z teens believe a skills-based education (e.g., trade skills, nursing, STEM, etc.) makes sense in today’s world.And, once they’re in the job, Gen Zs want to keep learning to advance their careers and make more money. One of the main drivers of this constant learning mindset is a recognition that their job and technology is constantly changing. In fact, nearly 60% of Gen Zs say they don’t think their job will exist in the same form in 20 years. This understanding of the rapid change of technology, and their need to stay up-to-date with their skills, is inherent in the Gen Z mindset. They must continue to learn or their skills will become obsolete.
It isn't an Australian article, but it may well be a trend.
[URL unfurl="true"]https://www.fastcompany.com/90755962/why-gen-z-cares-less-about-getting-a-4-year-college-degree[/URL]
Pandemic-led change has propelled companies through decades of evolution in two short years. But, the waves of change are just beginning. Gen Z is entering the workforce in droves and will revolutionize the ways we learn, work, and interact. I’ve worked with tech leaders to better understand how Gen Z is impacting the employee mindset and how they must evolve to remain competitive.
Gen Z is the first generation to be born after the iPhone, and their whole lives they’ve had access to technology and more information than any generation before them. This has changed their outlook on the value and price of education.
In contrast, they’ve watched Millennials before them take on crushing student loan debt, burdening them well into adulthood and limiting their ability to buy a first home and have children. Gen Z watched their parents and older Millennial acquaintances follow this path, but rather than it leading to prosperity, as promised, for many it meant delays in being able to afford a home, build a family, or save for retirement.
As a result, many Gen Zs are bucking the idea of a traditional education path. As of January 2022, only 51% of Gen Z teens are interested in pursuing a four-year degree, down from 71 percent in May 2020, according to a recent study by ECMC Group. And over two years, there was a 6.6% decline in total undergraduate enrollment between fall 2019 and fall 2021.
It’s not that they’re ideologically against four-year degrees. Rather, much of Gen Z understands our flawed system with staggeringly high prices for higher education and is looking for ways to earn an income and advance their careers without burdensome debt.
Gen Z seems to have more in common with their grandparents who were more focused on technical skills that allowed them stable careers in trades, and less in common with their parents’ generation, who had low-cost access to four-year degrees and general education programs. A recent study showed that 56% of Gen Z teens believe a skills-based education (e.g., trade skills, nursing, STEM, etc.) makes sense in today’s world.
And, once they’re in the job, Gen Zs want to keep learning to advance their careers and make more money. One of the main drivers of this constant learning mindset is a recognition that their job and technology is constantly changing. In fact, nearly 60% of Gen Zs say they don’t think their job will exist in the same form in 20 years. This understanding of the rapid change of technology, and their need to stay up-to-date with their skills, is inherent in the Gen Z mindset. They must continue to learn or their skills will become obsolete.
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