Millennials are too demanding in the workplace

In Switzerland and Germany, there is a trend of more older employees leaving the labor market than young people entering it. However, the weak economy is starting to change this dynamic in many sectors. Young employees, particularly those from Generation Z (born between 1997 and 2012), are finding success in the job market. They are benefiting from their smaller numbers compared to the baby boomers who are retiring in large numbers.

With demand exceeding supply in some sectors, young employees are able to negotiate for better terms. This includes higher starting salaries, flexible working arrangements, and quicker pay increases. However, it is important for young employees to balance their demands and not overreach, especially in industries facing challenges like mechanical engineering, electrical engineering, metalworking, pharmaceuticals, and banking.

In Switzerland, while the unemployment rate is low, companies are beginning to cut jobs due to cost pressures and competition. It is important for employees to be mindful of their demands and not jeopardize their positions. The market still favors employees to some extent, but the situation is evolving rapidly.

Given the changing landscape of the job market, it is important for employees to adapt and be aware of industry trends and challenges. By staying informed and being flexible in their demands, employees can navigate the evolving job market and secure their positions effectively.