GEN Z EMPLOYEES
Winning design: As Gen Z shoppers take fancy to Indian wear, venture investors look to stitch deals
Ethnic wear brands targeting the Gen Z population and offering a variety of Indian wear products are attracting interest from venture investors, with brands like Libas and Koskii securing significant funding. The trend of young Indians wearing Indian wear to work is on the rise, with brands like Suta and Fashor experiencing growth in revenue.
Top two tech firms shed Gen Z flab, gain silver muscle
The share of Gen Z employees - or those aged 30 and under - fell by about 5 percentage points last fiscal at Bengaluru-based Infosys, and by over 2.5 percentage points at Mumbai-based TCS. The trend underscores a tepid IT hiring climate amid industry turbulence, which have impacted onboarding of young talent the most.
Even traditional companies are adapting to Gen Z employees: Teamlease
Krishnendu Chatterjee discusses the impact of purpose-driven work values on individual and employer health, referencing Tom Rath's concept of 'working to live.' He emphasizes the importance of aligning organizational purpose with employee retention rates.
Corporate dressing is changing in India where the new rule is no rule
In India, even though PJs have not reached office cubicles, the norms have been relaxed. Says designer Raghavendra Rathore: “There’s a cultural shift towards prioritising work-life balance and overall wellbeing, where comfortable attire aligns with a more relaxed and less restrictive work environment.” He attributes it to the rise of tech and creative industries, the advent of remote work and flexible schedules.
In BFSI sector, 1 in 4 women feel inconsistency in workplace equity: Report
Efforts in BFSI for diversity and inclusion face challenges with recognition and pay disparities for women. Gen Z and Millennials show varying satisfaction levels. Fintech and insurance sectors experience declining sentiment. Great Place To Work, India, Serial Entrepreneur and CEO Yeshasvini Ramaswamy stresses the need to address disparities.
A product for all seasons? What is NPS' appeal for millennials and Gen Zers?
Kurian Jose discusses PFRDA's initiatives to attract youth to pension products through innovative features like QR code investing. The NPS rule changes offer flexibility in withdrawals and investment options, promoting early retirement planning and long-term financial security.According to Jose: "I look at the NPS as India's answer to social security."
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AI talent war heats up in Europe
The competition for technical talent in Europe's AI industry is heating up as startups like OpenAI, Cohere, and Anthropic vie for the same pool of talent as Google DeepMind. The influx of foreign AI firms and rising salaries have intensified the battle for the region's best minds.
Infosys co-founder Narayana Murthy reveals he often cleans toilets!
The 78-year-old billionaire tycoon said that he had always tried to ensure that his children do not look at menial labourers with contempt.
Gig workers in demand across eight out of 10 companies: Nasscom-Indeed survey
According to a survey by Nasscom and Indeed India, eight out of 10 organizations are exploring or open to gig models. Startups and the business process management sector are leading in gig worker hiring. The report focused on the future of jobs, workforce dynamics, and the evolving workspace. It found that Gen Z and millennials are opting for gig roles for flexible job locations and specialized skills.
Gen Z employees seek socially conscious workplaces, shows survey
The report categorises organisations that fall within the top quartile of Social Sustainability Index as ‘socially conscious workplaces’ and those at the bottom quartile of the index as ‘other workplaces’.
Narayan Murthy defends 70-hr-a-week work policy, says employees should emulate ‘less fortunate who work extremely hard’
In a recent interview the Infosys co-founder said that working long hours was the norm in Indian culture, as many people take up physically demanding professions.
2023 in retrospect: From Quiet Firing to Rage Applying, 5 trends that redefined our attitude to work this year
While these lingos may seem like obscure terms that sprang seemingly out of nowhere, these are just reactions to age-old issues that have dominated the workplace - lack of work-life balance, paucity of job security, etc.
AI will help increase work productivity: PwC survey
Nearly 51% of Indian respondents in a PwC survey titled ‘India Workforce Hopes and Fears Survey 2023’ believe that AI will increase their productivity at work compared with about 31% of global respondents, provided their organisations support with upskilling opportunities.
After Covid, return to office, performance pressure keep Gen Z stressed
Nearly 70% of the people from a sample of over 10,000 seeking counselling support from mental health service provider Amaha in 2023 were young working professionals in the age group of 22-35 years, said Amit Malik, its founder and chief executive.
Growth, competitive pay top priority for GenZ to stay in a job
According to a survey conducted by Adobe, members of Generation Z prioritize professional growth and competitive pay over other workplace considerations when determining their commitment to their current jobs.
To improve productivity, leaders have to help millennials and Gen Z meet life goals
A recent report from Bajaj Allianz Life Insurance quantifies and highlights the change in these goals over the last few years. The report — Life Goals Preparedness Survey 2023 — covered 839 millennials in the 22-55-year age group in 8 cities.
Catch ’em young! Can brands and boardrooms get it right for India’s largest consumer set, the Gen Z?
Infosys co-founder Narayana Murthy stirred controversy by suggesting that India's youth work 70 hours a week. Gen Z, India's largest demographic, is asserting its influence across industries. Nestlé India, Amazon, and Myntra tailor offerings to Gen Z preferences. This generation, aged 15-26, fuels fast fashion, lifestyle, and beverage growth. Challenges include the need for quick trend adoption, individualistic preferences, and limited disposable incomes.
Almost 90% of the employees are asked to come to office at least thrice a week: Survey
According to a survey by Awfis and Savills, 66% of employees are required to go to the office every day, while 23% have a hybrid model of 3 or 4 days in the office. The tech sector is slower to return to offices compared to other sectors. The survey also found that short commute time, accessibility to public transport, and parking availability are the top three factors that make an office location ideal.
Mental Health Excl: Neerja Birla says pandemic forced companies to look at employees' mental wellbeing; Gen-Z workforce need to be treated with kid gloves
Entrepreneur-mental health advocate Dr Neerja Birla addresses the various challenges that await employees returning to the workplace after the pandemic.
Companies have cautious hiring outlook for next quarter: survey
According to a survey by Manpower Group, employers in India expect measured hiring rates in the coming months. The study reported a net employment outlook of 37% for the upcoming quarter, with 49% of companies anticipating an increase in hiring. The information technology sector remained the top sector for hiring, followed by transport, logistics, automotive, healthcare, lifesciences, consumer goods, and services industries.
'Power, influence, notoriety': The Gen-Z hackers who struck MGM, Caesars
Known in the security industry variously as Scattered Spider, Muddled Libra, and UNC3944, these hackers were thrust into the limelight earlier this month for breaching the systems of two of the world's largest gambling companies - MGM Resorts and Caesars Entertainment Ltd.
Reverse mentoring: India Inc finds a lot to learn from Gen Z
Companies in India are embracing reverse mentoring programs to bridge the generational gap and promote learning between younger and older employees. EY India, Citi India, NatWest Group, Honeywell Technology Solutions, Merck, and P&G are among the companies launching or revamping reverse mentoring initiatives. These programs are aimed at teaching senior employees about digital skills, social media branding, hybrid working, diversity and inclusion, and other relevant topics.
Beyoncé has a prenup! Reasons for millennials and Gen Z to get one too if they aren't a millionaire
Prenuptial agreements, once seen as something only the wealthy needed, are becoming more common among couples. A recent poll showed that the percentage of couples with prenups has risen from 3% in 2010 to 15% in 2022.
Flipkart targets GenZ users with new offering Spoyl, follows subsidiary Myntra
The new offering Spoyl will focus on the GenZ segment, offering over 40,000 products, across segments such as westernwear, accessories and footwear.
Gen Z workforce compel companies to roll out new-age benefits to attract talent
Where pre-pandemic employees were more focused on cash-related benefits/ perquisites, post-Covid, it's wellness and safety that takes the centre-stage, the 2023 Deloitte India Benefits Trends Survey, shared exclusively with ET, has revealed. The focus on insurance and wellness that became critical during Covid continues to exist -- and organisations are continuing to adopt flexible work models to ensure the work-life balance and support employees.
Transitioning from corporate to freelance? Follow these five-tips to have a successful career
India's freelance community is expected to grow by $20-30 billion by 2025, thanks to increased demand for freelancers due to businesses embracing unconventional work models. Undoubtedly, the pandemic also played a role, revealing both vulnerability and potential within the gig economy. Affordability for businesses, growth opportunities for individuals, and flexibility and convenience are the three top reasons for the shift towards freelancing.
64% of Gen Z in India wants to work for organisations with flexible work options, reveals RPG Group research
The study also reveals that according to the Gen Z population, stability at the workplace is not being stuck with the same responsibility, but it is understood to be learning, growth, job security, and an opportunity to make an impact for the company – its goals, values, and employees. Nearly 57% of the surveyed population would work for companies that foster strict work life balance.
Gen Zs and millennials happy with work-life balance, but demand more from employers
A recent survey conducted by Deloitte, encompassing 14,483 Gen Zs and 8,373 millennials across 44 countries, reveals that despite progress made by employers in enabling better work/life balance and flexibility, concerns remain among the younger workforce. The survey highlights that the rise of remote and hybrid work, accelerated by the pandemic, has not fully met the expectations of millennials.
'Wholesome' has become a Gen Z compliment, but what does it mean?
The Gen Z compliment is free of connotations of traditional family values and virtues.
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