I am an Xer who manages a small but crucial team at my workplace (in an EU country). I had a lady resign last week, and I have another who may be about to resign or I may have to let go due to low engagement. They are both Gen Z. Today it hit me: the five years I’ve been managing this department, the only people I’ve lost have been from Gen Z. Clearly I do not know how to manage Gen Z so that they are happy working here. What can I do? I want them to be as happy as my Millennial team members. One detail that might matter is that my team is spread over three European cities.
Happy to provide any clarification if anyone wants it.
Edit. Thanks for all the answers even if a few of them are difficult to hear (and a few were oddly angry?) This has been very helpful for me, much more so than it probably would have been at the Old Place.
Also the second lady I mentioned who might quit or I might have to let go? She quit the day after I posted this giving a week’s notice yesterday. My team is fully supportive, but it’s going to be a rough couple of months.
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usually the savings are in benefits, and the expectations of raises. You’re also assuming they’re hiring from similarly qualified and experienced. They’re not. they’re hiring inexperienced people with lower qualifications… and frequently, the new people will be low balled as well.
And I’m not arguing that experience is valuable, but the large companies don’t see it that way. large corporations are quite literally only concerned about short term profits- the get rich quick schemes. they’re not not concerned at all about producing quality products over the long term, or developing healthy work environment sore anything else. strictly what yields the highest profits in that moment.
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Mostly it comes down to companies being owned by institutions like black rock or vanguard, who don’t really care about anything other than what makes money- and are perfectly okay jumping ship when it doesn’t.
This means that they’re controlled by shareholders that only care about steadily increasing profits over a very short period (quarterly).
Also just to point out that buffet doesn’t just dump everything into the s&p like he advised every one else to do. He utilizes a broad mix of strategies- including things like swing trading across opportunities his horde of fintel peeps find for him.
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And let’s be honest. He’s getting completely different financial reports than we do. It’s an information game, and he pays to have the best information before anyone else. Buffet ain’t using yahoo finance.
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Do…. You know what a Bloomberg terminal is? Professional traders/investors pay shit loads of subscription fees to get that early access.
HFT hedge funds are literally paying millions to be inches closer to the exchange servers than their competitors because they flip trades so fast that an inch of fiber is the difference between winning and loosing.
You market makers that are literally paying your brokers for them to give them your trades for fulfillment. They rely on up-to-the-nanosecond market data to arbitrage on your trades- if you’re slightly off in that order’s pricing they’ll front run the trade, give you the stock at your bid or ask and shave off that hundredths of a cent. Citadel the MM is paying billions for PFOF, and they’re not doing it to do you a favor.
Speaking of Citadel Securities…there’s actually two entities called Citadel- Citadel Securities is a hedge fund that made 16 billion when most everyone else was loosing money. The other is, of course the hedge fund. Both owned by Kenneth Griffin, who definitely isn’t where he is because of his oh-so-me able face.
Does anyone actually think they’re not vertically integrated? Of course the MM is sharing data with the hedgie.
All the while… the SEC is wanking off. Literally.
Sorry, but the only way they can say the us stocm market system is “fair” is that if you had millions you two could fuck around and…. Pay a fine that’s cents on the dollar for finding out.
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Warren Buffett will buy and sell quickly if his investment meets or exceeds his targets. Berkshire Hathaway has a stock portfolio in the hundreds of billions of dollars.
What he won’t do is act without a plan. He has a unique ability to see long term advantages, that’s why he holds over the long term. Short term opportunity exists too, but many people who look for it are impatient.