IT jobs popular among Gen Z as Indian tech firms hired 3.8 lakh freshers in FY22

IT jobs popular among Gen Z as Indian tech firms hired 3.8 lakh freshers in FY22

As of 2021, India's share of millennials and Gen Z stood at 52 percent, higher than the global average of 47 percent.

IANSUpdated: Friday, December 16, 2022, 09:31 PM IST
article-image
Representative pic/ iStock

Indian tech industry hired around 380,000 freshers in FY22 and over 70 percent of Gen Z students are keen to take up tech jobs in the near future, a Nasscom report said on Friday. 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 percent and millennials to 68-70 percent of the total employee base in FY22.

In fact, 79 percent 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 percent, higher than the global average of 47 percent.

This trend is expected to maintain momentum till 2030 when the share of India's Gen Z and millennial population will be 50 percent, higher than the world average of 46 percent.

"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.

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 percent 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.

RECENT STORIES

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

India’s Festive Season To Create Over 2.16 Lakh Jobs In H2 2025, Driven B Retail, E-commerce And...

Gold Drops ₹500 Amid Stockist Selling, Silver Falls ₹1,000 Despite Global Gains

Gold Drops ₹500 Amid Stockist Selling, Silver Falls ₹1,000 Despite Global Gains

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Tech Mahindra Q1 FY26 Net Profit Rises 33.9% To ₹1,140.6 Crore; Revenue Grows Marginally To...

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Govt Approves ₹20,000 Crore Investment Power For NTPC To Add 60 GW Green Energy By 2032

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks

Telecom Operator MTNL Defaults On ₹8,585 Crore Loans to 7 PSU Banks