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.
