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."
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.
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.
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.
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