Why nearly half of Gen Z would take a pay cut: Survey

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Nearly half of Generation Z workers would take a pay cut if it meant more opportunities for upward mobility, according to a May 8 LinkedIn News post.

LinkedIn surveyed 4,060 U.S. professionals between March 22 and April 18. Across generations, fewer than 3 in 10 said they would accept a pay cut for more advancement opportunities.

Several hospital and health system executives recently told Becker’s that Gen Z has a strong interest in early career development and seeks to build career paths early. This has led some health systems to create initiatives that allow early-career employees to explore leadership development.

The survey also found some younger workers are willing to take a pay cut for more workplace flexibility, with 38% of both Gen Z and Millennial respondents agreeing, compared to 32% across generations.

Slightly fewer Gen Z and Millennial employees said they would accept less pay if it meant their company were better aligned with their values.

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

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