In a year in which the development of artificial intelligence has taken giant steps, young people, both Spanish and from the rest of the world, look askance at a new technology that they fear will affect their job prospects and the nature of their jobs. And it is especially relevant among Generation Z or centennials (those born in the last years of the last century and the first decade of the current one) who affirm that the prevalence of AI could influence their work decisions, since they would choose roles less vulnerable to automation. This is how it is collected in 2024 Gen Z & Millennial Surveya report prepared by Deloitte for which 22,800 people were surveyed, including more than 500 Spaniards, in 44 countries.
The report shows the distrust that this technology arouses at a global level, since six out of ten young people of both generations (millennials, born between 1983 and 1994, and generation Z, between 1995 and 2005, according to the methodology of the study) believe that automation powered by artificial intelligence will eliminate jobs. A similar percentage think they will need to learn new skills, although only 38% of centenarians and 36% of millennials plan to do any AI training in the next 12 months.
Regarding Spaniards, 34% of millennials and 41% of centenarians consider that artificial intelligence will improve the way they work in the next year. 14% of the former and 23% of the latter say that they already use AI frequently during their work day.
Concern about the cost of living
Although new technology has crept into the fears of young Spaniards, the cost of living continues to be their biggest concern. Both generations say that they feel uneasy about continuing to live month to month and not being able to cover all their expenses. But in this 13th edition of the report there is a small difference with the previous ones: more respondents appear who believe that the economic situation will improve next year. Even so, they are still a minority, only 25% of centenarians and 19% of millennials. The former are also more optimistic regarding their personal financial situation. Half expect it to improve, something that only 38% of those born in previous decades think.
“The greater optimism of young Spaniards about their personal finances has to do with a confluence of two variables,” says Rocío Abella, partner at Deloitte. “On the one hand, it is possible that an improvement can be perceived in the macroeconomic sphere; and on the other hand, it is related to the effort that organizations are making to redefine and adapt their remuneration and compensation strategies as much as possible to the reality of employees, including young talent,” she develops.
Precisely, the financial situation is one of the reasons for stress for young Spaniards, together with family well-being. Only half of those surveyed say their mental health is good or extremely good. When it comes to employment, work-life balance is essential for these generations, with flexibility being one of the main considerations when choosing their position. Another is the purpose of the company, with around 80% stating that they are willing to reject a job or an employer that does not share their values.
“Culture and appropriate leadership are the key pieces that help companies create work environments that are much more adapted to people. Likewise, companies must work on a differential value proposition for employees, always taking into account the expectations of new generations,” says Abella.
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