Even traditional companies are adapting to Gen Z employees: Teamlease

In your opinion, what are the new work values of the Millenials and Gen Zers? How are they getting defined and how different is it from the kind of values espoused by the generation before them, by Gen X?
Krishnendu Chatterjee: Probably we guys are part of Gen X and our families, our parents before that. I guess a transition has happened over a period of time where the struggle from roti, kapda, makan has moved on and now there are opportunities which are available for individuals and, of course, with the entire economic boom, greater opportunities are getting created which allows the new generation to choose purpose over the paycheque to a certain extent.

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Offering CollegeCourseWebsiteIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitHaving said that, there is still a balance and a large part of this whole purpose is derived from the fact that these individuals have been raised in a digital era where information and social issues are readily available through technology. This constant exposure has nurtured in them a profound social awareness and a drive to positively influence society. So, this awareness over a period of time which was probably not there 20, 30, 40 years back is something which is driving the whole purpose agenda.

How have you seen it because if this part of the workforce is increasingly concerned about negative environmental impact or non-inclusive practices within a company or perhaps insufficient support for mental well-being or that work-life balance that is constantly talked about, is there a fallout for certain sectors, certain companies that do not rise to these concerns? Are they likely to face lower productivity for one?
Krishnendu Chatterjee: There is this author named Tom Rath, who has written many books around this subject on how work can improve human health and in one of the books Life’s Great Question, he has coined a term, working to live and he feels that working to live has a huge negative impact, both from an individual perspective and from an employer perspective as well and it has, like, tangible losses attached to it. I guess now the new-age organisations are already adopting it.