According to the findings, significant fresher hiring over the last few years in the tech Industry has pushed the share of Gen Z to 18-20 per cent and millennials to 68-70 per cent of total employee base in FY22.
In fact, 79 per cent of Gen Z are willing to spend more than two years in their first job, provided employers give them the right value proposition, said the Nasscom survey with job website Indeed.
As of 2021, India’s share of millennials and Gen Z stood at 52 per cent, higher than the global average of 47 per cent.
This trend is expected to maintain momentum till 2030, where the share of India’s Gen Z and Millennial population will be 50 per cent, higher than the world average of 46 per cent.
“With newer perspectives and ideas, Gen Z and Millennials are setting the future course of employee engagement, retention, and acquisition strategies. It will be interesting to see how these newer generations shape India’s future as the talent hub of the world,” said Sangeeta Gupta, Senior Vice President, and Chief Strategy Officer, Nasscom.
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While brand value tops the chart for both millennials and Generation Z, culture and ethics and learning and growth are important criteria for the Gen Z population in selecting a company.
Generation Z is more willing to be in the office, with 85 per cent highlighting the preference to either completely work from the office or in a hybrid model.
“Gen Z workers prioritise a positive work-life balance. They seek work environments that are empathetic and diverse, offer learning opportunities, and align with their core values,” said Sashi Kumar, Head of Sales, Indeed.
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