Author and NYU Stern professor Suzy Welch discusses why younger students struggle to accept the inherent trade-offs between maximizing wealth and prioritizing personal fun and well-being.
Opinion
Welch argues employees generally must work in the office for promotions
“Yes, I think so. I mean, I see it all the time. I think in general, you're, you've got to be in the office if you want to be promoted.”
Assertion Supported
Welch's survey finds only 2% of Gen Z hold employer-desired values
“I did a survey of 1500 hiring managers, and I asked, what values do you wanna, what values do you hire for among Gen Z? And I'm gonna tell you, only two percent had the values they wanted.”
Assertion Partly supported
Welch: 65% of Gen Z value self-care versus 0% of hiring managers
“Eudaimonia is the number one value for 65% of Gen Z, and in 1500 hiring managers over the age of 40 in corporate positions, exactly zero percent said they wanted eudaimonia as a top value.”
Assertion Supported
Welch's research shows only 7% of people can accurately name their values
“So I did some research that proved that you are absolutely in the majority, and that only 17% of people could even begin to define values, and I was giving them very wide berth in this research, and only seven percent could actually name their values and exclu…”
Prediction Not checkable as stated
Companies will aggressively recruit the 2% of work-centric Gen Z, predicts Welch
“So I think what's actually gonna happen in corporate America largely is it's gonna be kind of a cage match for those two percent. They're gonna come find them younger and younger, like Stern, there are some Stern undergraduates who start getting offers in thei…”
Disclosure
Welch mandates five days in-office and weekend communication for her startup
“I believe that great things happen with people together in a room, and I run a company myself, it's only 10 people, but we're, I, when we are interviewing, and we're growing right now, we say, this is a five days a week in the office, we're all together, and I…”