This study is conducted to analyze the MZ generations characteristics as a key topic within the Korean society these days. To achieve this goal, this study explores the MZ generations characteristics by examining the previous studies including books, papers, and news articles. In addition, this study utilizes network analysis and text mining techniques to identify the main characteristics of the Millennial, or the “MZ” generation. Our analysis draws from a multiplicity of academic and journalistic literature including the Bigkinds database provided by the Korea Press Foundation, which creates a timeseries database from July 2019 to August 2021. The analytical results showed that ‘targeting’ and ‘communication’ were the outcomes of the co-currence network analysis, and five topics were suggested as significantly relevant for those born in this generation (1990’s). For text mining, when using the same methodology the keywords ‘youth’ and ‘justice’ were the results of this approach, as well as six topics which were deemed as significantly relevant. This study further visualizes the above analyses with word-clouds based on news articles from Korean and international sources such as personal social network services (instagram, Naver blog), foreign media(The Guardian), and international academic studies (100 papers). Based on our findings, this study suggests implications for HR/organization fields, particularly regarding the organizational justice theory. The theoretical and practical implications, as well as the limitations of the study are also discussed.
The purpose of this paper is to increase understanding of the MZ generations and to provide direction for the effective and efficient management of the MZ generations in organizations. In particular, this study adopts concepts from biology in order to expand upon explanations for current social phenomena within the workforce. To do this, this paper first reviews previous studies conducted on the MZ generations and summarizes the characteristics of the MZ generations. Next, in order to apply biology to this discussion, this study summarizes key concepts and assertions from biology including bio-diversity and evolution. This paper then draws ten propositions based on the reviewed studies and biological concepts and proposes effective ways for managing the MZ generations in terms of human resource systems, workforce composition, employee experience, and organization experience. In particular, this study emphasizes alignment between HR (human resource) philosophy, policy, practices, and workforce management, thus creating an intentional employee experience within the organizational context. By combining human resource management with biology, this study expands upon current discussions within the human resource field. Furthermore, this study also creates practical value by suggesting solutions for the effective management of newer generations. Lastly, this study reviews the limitations of this research and provides suggestions for future research.
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