Gen Z In the Workforce Led To Title VII Claims
March 15, 2023
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In February 2023, BarkerGilmore interviewed 25 Chief Compliance Officers in various industries to learn about their challenges. Their responses highlighted three trends that contributed to the expansion of their roles: 1) Customers, employees, and regulators want effective environmental, social, and governance initiatives. Companies can use ESG programs to build customer relationships and trust. CCOs are in a good position to identify ESG risks, develop policies, and ensure compliance. 2) Enterprise risk management is becoming a more significant portion of the CCO’s role. It has expanded to include analyzing risk in strategic initiatives, cybersecurity, ESG, and other areas. Third-party monitoring and risk assessment needs continue to rise. 3) Changes including remote and hybrid work, the Great Resignation, and a new generation of workers, have led to a new work culture. CCOs highlighted Gen Z’s preference for voicing concerns and advocating for change, leading to additional resources needed for investigations. One CCO noted that the influx of Gen Z into the workforce increased Title VII employment discrimination claims and investigations.
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