In India, however, the conversation around work culture is very different. Prominent business leaders like Narayana Murthy have advocated for a grueling 70-hour workweek, an idea that clashes with Gen Z’s values. In a country where long hours and anti-employee environment are often glorified, this new generation is poised to challenge the status quo. They are redefining success not by the hours they clock but by the quality of their experiences, both at work and in life.
Key findings of the Unstop report
The Unstop report, named Gen Z in the Workplace, carried out a survey of more than 5,350 Gen Z individuals and 500 HR professionals. Here are the highlights of the research.
- Importance of Work-Life Balance: Work-life balance is a key consideration for Gen Z, with 47% identifying it as vital when assessing potential employers. They prefer work environments that allow for efficient task completion while also supporting skill enhancement and productivity without excessive pressure.
- Focus on Job Satisfaction: Job satisfaction is a major priority for Gen Z, with 72% valuing it over salary. They are searching for roles that offer not only financial stability but also personal fulfillment and engaging work.
- Career Aspirations and Growth: Gen Z professionals seek a career trajectory that includes opportunities for progression and a dynamic, supportive work culture. Despite 44% of recruiters believing Gen Z values company culture more than career growth, Gen Z actually desires a balance of both, emphasizing opportunities for both personal and professional advancement.
- Career Preferences: Gen Z professionals prioritize their roles and the company’s reputation over salary, with 77% valuing these aspects more.
- Job Security Concerns: A significant portion of Gen Z professionals (51%) are apprehensive about potential job loss, with 40% worried about securing positions in their desired fields upon entering the job market.
- Discrepancy Between Gen Z and HR Views: There is a clear gap between Gen Z’s motivations for changing jobs and HR perceptions. Although 78% of Gen Z switch jobs for career advancement, 71% of HR professionals assume it is primarily for increased pay. In reality, only 25% of Gen Z cite salary as their main reason for job changes.
- Additional Observations: The report further explores Gen Z’s motivations for job changes, their concerns about entering the workforce, expectations regarding mental health support, and their preference for adaptable working styles over traditional, rigid frameworks.
3 lessons employers need to learn from this survey
As the current workspace is witnessing a massive transformation, employers need to adapt to Gen Z expectations to reduce the attrition rates. Here are some key lessons for them.
Prioritising mental health of the employees is crucial
As highlighted by the report, the youngest generation at the workforce have a huge focus on prioritsing their mental health over paychecks. So, it has become even more important than ever for HR professionals and managers to ensure that their employees are having a good time at work. Micromanagement or creation of claustrophobic environments can detract the interest of the Gen Z employees leading to higher resignation rates.
Focus onproviding ample growth opportunities
The all-new Gen Z workforce wants their workspaces to foster growth and facilitate them with enormous opportunities, moulding their professional candidatures in an effective way. Employers should focus on creating an environment that fosters growth by providing ample opportunities for skill development, career progression, and personal growth. Offering mentorship programmes, continuous learning opportunities, and clear paths for advancement can significantly boost employee satisfaction and retention.
Maintaining a positive company culture is important
A vibrant and positive workplace is bound to attract the younger workforce. Along with lucrative packages, they are equally seeking an ideal place to work. PTI has quoted Ankit Aggarwal, Founder and CEO of Unstop, saying, “For the youngest generation in the workforce, work isn’t just a place you go to every day to get your account credited regularly. It has to fit into several key aspects of your life seamlessly.” “They (Gen Z) are reminding us that work should be a part of life, and not the other way around. It’s a call to action for employers and recruiters. Those employers who adapt to these fast-changing expectations will be preferred by the new generation of employees,” he added.
As Gen Z continues to put forward their demands, India might eventually be pushed to adopt more employee-centric policies, perhaps following in the footsteps of Australia and other countries fostering a more balanced, humane work environment.
