Relevance of Generation z’s Entry Into the Labour Market in the Context of Economic Performance
Relevance of Generation z’s Entry Into the Labour Market in the Context of Economic Performance

Author(s): Adriana Grenčíková, Kristína Kozová, Jozef Habánik
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Generation Z; Labour market; Economic performance; Generational change; Slovakia; Czech Republic; Romania; Finland
Summary/Abstract: Skills, knowledge, and abilities represent attributes of the workforce that influence its performance. With ongoing intergenerational exchange, many questions arise that need answers. The most debated question concerns the integration of Generation Z into the labour market. Given the unfavorable demographic trend in Slovakia, where the workforce’s growth rate is significantly declining, the sustainability of the economy becomes a pressing issue. The present study aims to analyse the links between the entry of Generation Z into the labour market and the performance of the economy and, based on the findings, to formulate recommendations for the needs of the labour market. Additionally, a comparison of selected data from four EU states—Czech Republic, Romania, Slovakia, and Finland—was conducted. Observing selected indicators allows for better determination of recommendations for the needs of the Slovak labour market. Generation Z is highly educated and motivated, has strong digital skills and is open to new challenges. These characteristics enable them to adapt to changes in the labour market and contribute to its development. To harness and fulfill this potential, it is necessary to create suitable conditions that allow for fully utilizing the abilities of this generational cohort. In the conditions of the Slovak Republic, the population size of this generation, technological changes, changes in preparation for entering the labour market, and legislative changes related to migration policy are all acute issues.This study applies their framework to expatriates in Albania and Montenegro during the pandemic, using a survey to: a) assess the relevance of psychological and situational stressors; b) evaluate the relevance of perceived organizational, family, and social network support as support factors; and c) analyze relationships between stressors, support factors, and expatriates’ psychological well-being. The findings enhance understanding of expatriates’ experiences during natural crises and inform improved support mechanisms.

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