{"id":152,"date":"2024-01-29T16:27:54","date_gmt":"2024-01-29T16:27:54","guid":{"rendered":"https:\/\/dreamscape.co.in\/blogs\/?p=152"},"modified":"2024-01-31T19:37:16","modified_gmt":"2024-01-31T19:37:16","slug":"the-future-of-work-with-gen-z","status":"publish","type":"post","link":"https:\/\/dreamscape.co.in\/blogs\/the-future-of-work-with-gen-z\/","title":{"rendered":"The Future of Work with Gen Z"},"content":{"rendered":"\n<p>Last year, Mr. Narayana Murthy made a <a href=\"https:\/\/www.dw.com\/en\/indias-parliament-debates-murthys-70-hour-work-week\/a-67789049\" target=\"_blank\" rel=\"noopener\">call to the Indian youth for a 70-hour work week<\/a>. Mr. Murthy, a Baby Boomer, requested youngsters, the Gen Z-ers to say \u201cThis is my country. I\u2019d like to work 70 hours a week.\u201d This was his proposed solution to compete with the likes of China; by adapting the work ethics of Japan and Germany, countries where the citizens worked harder and for longer hours to rebuild their nations after the Second World War.&nbsp;<\/p>\n\n\n\n<p>Bill Gates had an opposing view with his&nbsp;<a href=\"https:\/\/indianexpress.com\/article\/technology\/artificial-intelligence\/bill-gates-3-day-work-week-artificial-intelligence-9039336\/\" target=\"_blank\" rel=\"noreferrer noopener\">3-Day Work Week<\/a>&nbsp;facilitated by AI. <\/p>\n\n\n\n<p>And Shashi Tharoor couldn\u2019t resist&nbsp;<a href=\"https:\/\/twitter.com\/ShashiTharoor\/status\/1728690284899316032?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1728690284899316032%7Ctwgr%5Ea9a7a1c21b697d99495e4596681fa3e80d012c0d%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.moneycontrol.com%2Fnews%2Ftrends%2Fshashi-tharoor-on-bill-gates-narayana-murthys-work-week-suggestions-we-will-end-up-exactly-where-we-are-11814931.html\" target=\"_blank\" rel=\"noreferrer noopener\">tweeting (Xing)<\/a>&nbsp;on the suggestions of both these IT stalwarts. <\/p>\n\n\n\n<p>We love his brand of humour.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\u201c<a href=\"https:\/\/twitter.com\/BillGates?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@BillGates<\/a> says a three-day work-week ought to be possible\u201d.  In other words, if Mr Gates and Mr Narayana Murthy sit down together and work out a compromise, we will end up exactly where we are, with a five-day work week!<a href=\"https:\/\/t.co\/2Id9GEf1KC\" target=\"_blank\">https:\/\/t.co\/2Id9GEf1KC<\/a><\/p>&mdash; Shashi Tharoor (@ShashiTharoor) <a href=\"https:\/\/twitter.com\/ShashiTharoor\/status\/1728690284899316032?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 26, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>While you can\u2019t deny that Mr. Murthy knows what he is talking about, having built a <em>tour de force<\/em> in the early 80s, but his solution may not have considered the motivations of today\u2019s youth. Those required to execute this grand plan. The <a href=\"https:\/\/books.google.co.in\/books\/about\/The_4_hour_Workweek.html?id=7ayVcWQJ89YC&amp;redir_esc=y\" target=\"_blank\" rel=\"noreferrer noopener\">\u20184-Hour Work Week\u2019<\/a> loving Gen Z.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gen Z&#8217;s Career Outlook<\/h2>\n\n\n\n<p>When a client wanted insights into the career outlook of Gen Zs, we conducted an Instagram survey to get a glimpse of what they consider important in their careers. 110 professionals located in urban metros, between the ages of 21 to 35 years, took the survey, 53% of whom work in the IT sector. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What matters most to Gen Z at Work<\/h2>\n\n\n\n<p>Based on all the responses, we noticed that their motivations leaned more towards their financial interests. 57% were satisfied with their jobs due to good pay, while practically half, only 28%, derived their satisfaction from doing good work.<\/p>\n\n\n\n<p>Appearances matter a lot to this generation in this age of social media. The topmost reason for choosing their current job was the company profile, followed by job profile and remuneration.<\/p>\n\n\n\n<p>Accountability and ownership are a different matter altogether. They seem to prefer less or equal levels of both and definitely not as much as the generations preceding them. While Gen Z prefers entrepreneurship over 9-5 corporate jobs, their commitment to go above and beyond for the latter is relatively less. <\/p>\n\n\n\n<p>A Team-Based organizational structure where employees are divided into cross-functional teams with equal levels of accountability, was a clear winner with 82% opting for it. A lower response (12%) was seen in the Flat structure which has few or no levels of middle management and puts a lot of accountability on the employer as well as the employees.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Managing Gen Z at Work<\/h2>\n\n\n\n<p>This finding was also supported by the management style respondents preferred over others. 41% wanted a Performance-Based management which clearly emphasizes roles, expectations and accountability, 35% opted for Democratic management, which encourages collaboration in the decision-making process and responsibility of success and failure is shared. 24% chose Laissez-Faire management, which has a more hands-off approach, giving the employees a high degree of freedom.<\/p>\n\n\n\n<p>Going back to Mr. Murthy urging young Indians to work 70 hours per week, which translates to about 12 hours of work per day, assuming a 6-day work week, to develop the country. <\/p>\n\n\n\n<p>When we asked this group of Gen Zs what was most dissatisfying about their current job, 55% chose Work on Weekends over Low Increments and Unclear Progression Plan.<\/p>\n\n\n\n<p>India\u2019s worker productivity currently may be the lowest in the world, but sacrificing personal well-being for nation-building, especially when it isn\u2019t paid for, may not be&nbsp;<a href=\"https:\/\/www.wired.com\/story\/gen-z-and-the-art-of-incentivized-self-actualization\/?utm_source=pocket-newtab-en-intl\" target=\"_blank\" rel=\"noreferrer noopener\">what zoomers want<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, Mr. Narayana Murthy made a call to the Indian youth for a 70-hour work week. Mr. Murthy, a Baby Boomer, requested youngsters, the Gen Z-ers to say \u201cThis is my country. I\u2019d like to work 70 hours a week.\u201d This was his proposed solution to compete with the likes of China; by adapting [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,69],"tags":[],"class_list":{"0":"post-152","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-data-insights","8":"category-gen-z"},"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/posts\/152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/comments?post=152"}],"version-history":[{"count":8,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/posts\/152\/revisions"}],"predecessor-version":[{"id":177,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/posts\/152\/revisions\/177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/media\/174"}],"wp:attachment":[{"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/media?parent=152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/categories?post=152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dreamscape.co.in\/blogs\/wp-json\/wp\/v2\/tags?post=152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}