By Amarvijayy Taandur
New Delhi, July 22 (SocialNews.XYZ) While Gen Z rates “creativity” as the most important trait, Millennials in India (36%) rate “flexibility/adaptability” as the most important trait for successful organizations according to a 2020 Deloitte Survey of Millennials.
With Gen Z and Millennials expected to make up half of the workforce, companies need to understand their expectations and adapt accordingly.
Millennials born between 1981 and 1996 are the first generations to have grown up with technology as we know it today, given the era in which they were born. This has influenced their behavior and expectations of their workplace, among other things. Generation Z is the generation that comes after them. Generation Z and Millennials
These two generations are looking for new jobs. Both challenge the norms in their workplace, and employers must learn to meet the needs of their employees in order to maintain company productivity.
It’s interesting how they all want the same things at work.
Despite their generational differences, these two groups have nearly identical work ethics and expectations. Indian millennials and Gen Z are more optimistic that the pandemic will bring about positive changes, especially in terms of health and ability to cope with future pandemics, according to the survey.
Workplace wellbeing is now more important to Millennials and Gen Z employees than it was to previous generations. According to the Deloitte Millennial Survey 2021, overall levels of stress and anxiety among Indian millennials (49%) are above the global average (41%), while Gen Z Indians are equally anxious/ stressed than the global average (46%). That’s why they’re transitioning to a more positive work environment that fosters a culture of well-being.
Millennial and Generation Z employees place a high value on corporate ethics. Millennials and Generation Z want to be associated with a company that cares about the world and has a strong corporate brand. About 72% of Millennials and 66% of Gen Z are likely to work at a company with a strong work ethic. They want to be associated with a company that shares their ethical and moral values.
They also want an engaged workforce with a clear direction in terms of career advancement opportunities available to them. In today’s fast-paced world, Millennials and Generation Z recognize the importance of learning and development and place a high value on it.
Flexibility and work-life balance
Flexibility is considered the most important employee quality for a successful business. Work flexibility includes achieving a better work-life balance. Millennials in India (36%) believe that flexibility/adaptability contributes to employee quality and productivity, which are essential for the success of organizations.
Millennials and Generation Z place great importance on their health. They value work-life balance and need space and a supportive environment and approach to thrive in the workplace. Instead of adhering to everything that is said to them without reasoning or facts, an overbearing approach will only make them more repulsive.
A diverse and inclusive workplace
Millennials and Generation Z have grown up in a much more diverse world than previous generations. They place the utmost importance on diversity and inclusiveness. They are constantly looking for organizations where they can feel equally supported and involved, no matter who they are or what position they hold.
Aware of the environment
The environment remains a top priority for Gen Z and Millennials. About three-quarters of this workforce think the world has reached a tipping point in its response to climate change, but less than half think that efforts to protect the planet will be successful. As many as 90% of Millennials and 87% of Gen Z are optimistic about the environmental changes caused by the pandemic.
Learning and development opportunities
Learning and development opportunities are considered the most important benefits of employment by these professionals. They are eager to continue learning and growing in order to progress in their careers. This generation of entrepreneurs appreciates opportunities for professional or career growth and development.
As stated earlier, today’s employees place totally different values on things than they did in the past. These generations have seen it all and embraced an entrepreneurial and learning culture. As they prepare for the post-pandemic world, organizations have the opportunity to realign themselves with the expectations of the current generation, which is adaptable and robust.
(Amarvijayy Taandur, Senior Advisor – Industry, BYLD Group)
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