Gen Zs, born between 1997 and 2012, are transforming the face of India's workplace. The generation is also expected to form a large chunk of India’s workforce in the near future. In response, organizations must understand their unique values and career priorities to attract and retain emerging talent.
There is a significant difference in the expectations of Gen Zs and their predecessors when it comes to the workplace.
This blog will outline the values and principles that the younger generation holds dear and how organization can use this knowledge to prepare themselves to accommodate this dynamic group of individuals in their workforce.
Career Priorities of Gen Z in India
For Gen Zs, expecting traditional forms of compensation from their employer is not enough. They put emphasis on principles like working for value-driven firms, using advanced technologies, and prioritizing personal growth and autonomy.
For companies, it is important to invest their time in understanding these career priorities to attract and retain Gen Z talent. Following that, effective policies can be put in place that truly support their expectations.
Here are the top five career priorities for Gen Zs:
Flexibility and Work-Life Balance
The average Gen Z employee is more likely to favor policies that support flexibility and work-life balance. This is because the age group tends to prioritize values like self-development and autonomy. Rigid systems and excessive workplace demands may hinder their engagement levels and reduce productivity in the long run. Ultimately, a lack of flexibility and failure to balance personal time with professional commitments may be a deal breaker for Gen Z employees, leading to higher turnover rates.
2. Growth and Skill Acquisition
Beyond vertical promotions, Gen Z employees also value opportunities for upskilling and career development. They are often willing to look past monetary compensation to seek job roles that offer progressive career trajectories.
Instead of trying to climb a traditional, linear career ladder, Gen Z employees prefer skill-based development. Upskilling and other incentives like mentorship or cross-function training can appeal to them and help firms in attracting young talent.
3. Diversity and Inclusion
The younger generation, including Gen Zs, are more vocal about issues related to holistic diversity and inclusion. They focus on an organization’s genuine commitment to fostering an environment where people from all backgrounds find a place to thrive together.
Organizations are responding by promoting inclusive policies and leadership diversity. Authenticity is key – Gen Z employees may react negatively if they identify any performative actions from the organization in the name of promoting diversity. Thus, companies that integrate honest diversity and inclusion practices into their culture are more likely to attract and retain this young group of the future.
4. Purpose-Driven Work
Gen Zs have another significant and unique demand – they value purpose-driven, meaningful work. Thus, they are more inclined to respond to employers that demonstrate strong CSR track records. Issues related to sustainability, ethical business practices, and community development hold tremendous importance to them, making it integral for organizations to focus on these areas.
Companies aligned to a social cause and ethical practices tend to win the favor of Gen Zs. Thus, transparent governance is essential for attracting their interest.
5. Technology and Innovation
Being digital natives, Gen Zs look for advanced plug-and-play technologies at their workplace. They prefer to work with organizations that believe in setting up state-of-the-art digital and technological infrastructures that augment productivity.
AI-driven solutions, digital transformations, and innovative platforms become differentiators for such companies. The benefits are two-folds – on one hand, the Gen Z workforce is more likely to foster loyalty to such organizations; on the other hand, technological prowess also contributes to gaining a competitive edge.
Conclusion: The Future Ahead
Gen Zs are likely to shoulder a significant chunk of responsibility within India’s corporate sector within a few years. To attract top talent from this age group, it is essential for organizations to understand their preferences and make strategies for accommodation.
Areas like flexibility, growth, D&I, purpose-driven work, and technology should be leveraged. When companies adapt to these expectations, they'll create a workforce that's engaged, innovative, and loyal.
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