By 2025, groundbreaking advancements in AI, quantum computing, and sustainability tech will revolutionize industries, redefine cybersecurity, and drive a hyper-connected world.
KPMG Australia CEO Andrew Yates believes the fully office-based workforce is a thing of the past, especially in consulting, where flexibility is key. KPMG has no plans to return to mandatory in-office work.
Gen Z and millennials prioritize purpose-driven work, environmental responsibility, and mental health support in their workplaces. They seek jobs aligned with their values, ethics, and well-being, demanding action on climate change, mental health resources, and ethical leadership. These generations also stress the importance of work-life balance.
UKG Workforce Institute study shows that 20% of Gen Z feels pressured to respond to work emails outside office hours, more than any other generation. With Australia's Right to Disconnect legislation coming into effect, leaders must enforce a healthy work-life balance, starting from the top, emphasised Pat Wadors.
The trend of lleaving their jobs without securing a new position first, known as "naked resignation," reflects a growing desire among the youth to break free from the relentless grind of corporate life, even at the risk of financial instability and prolonged unemployment.
Over the past 20 years, the participation rate for Australians aged 60 and above has more than doubled. Specifically, the rate for men in this age group rose from 10% to 19%, and for women, it increased nearly fourfold from 3% to 11% by April 2021.