Flexible and remote working, an opportunity to improve work-life balance: survey

According to Deloitte’s Gen Z and Millennials 2022 survey, these generations are deeply concerned about unemployment, education and mental health issues. Additionally, a good work/life balance, a positive work culture, and access to learning opportunities are top priorities for these generations when choosing a new workplace. The survey also indicates a growing demand for hybrid/remote working arrangements, as it helps them save money and allows them to spend more time on a hobby and their family.

The study highlights heightened financial optimism among Indian Gen Z and Millennials, soliciting opinions from 801 respondents (500 Gen Z and 301 Millennials) from India.

During the survey, it was found that 88% of Gen Z and 91% of Millennials believe the world is at a tipping point in its response to climate change. Compared to their global counterparts, a large majority of Gen Z and Millennial Indians try to minimize their impact on the environment. There is also a positive feeling among these generations regarding the actions/initiatives taken by big business as well as the government to mitigate climate issues.

SV Nathan, Partner and Director of Talent, Deloitte India, said, “With the growing demand for hybrid work organizations, Deloitte’s survey reveals that if Gen Z and Millennials were in charge, they would prioritize employees and allow them to work flexible hours to improve work/life balance. It has become imperative for all organizations and business leaders to help their employees set boundaries to protect work/life balance.

Here are the main highlights of the survey;

Increased focus on environmental protection: About 95% of Gen Z and Millennial Indians try to minimize their impact on the environment. Compared to Gen Z and Millennials globally, Indian Gen Z and Millennials are in strong agreement that big business is taking substantial/tangible steps to fight change climate and that their national government is also very committed.

o Most Gen Z (68%) and Millennials (72%) have persuaded their employers to take action on climate change, which is significantly higher than the global average.

o Millennials and Millennials in India want to see their employers invest in areas such as banning single-use plastic and providing training and incentives to help people make better environmental choices.

Financial concerns and prevalence of side jobs: With more than two-thirds of Gen Zers and 8 in 10 millennials feeling confident that they will be able to retire comfortably and pay all their monthly expenses, financial concerns are less important in India compared with the world average. Additionally, a large portion of Gen Z (62%) and Gen Y (51%) Indians have additional paid employment in addition to their main job.

Flexible working as an opportunity to improve work/life balance: About 19% of Gen Zers and 23% of Millennials say that if they were in charge, they would allow employees to work flexible hours and distance to improve work/life balance. The third option for Gen Z would be to experiment with reduced working weeks, but Millennials in India would prefer to ensure that part-time employees have career advancement opportunities comparable to full-time employees. .

· Growing demand for hybrid working arrangements: Similar to the global average, the majority of respondents would prefer a hybrid working model. The survey revealed that 66% of Gen Z Indians and 67% of Gen Y Indians would prefer this arrangement.

Economic and political outlook: Optimism about the economic and socio-political situation of Indian Gen Z is similar to 2020, with around half of respondents believing these situations will improve over the next 12 months.

· Top issues of most concern: This year, Gen Z cited education, skills and training as the top concerns in India, while Millennials in India are more concerned about unemployment. Additionally, climate change/environmental protection is the next concern for both groups, which is in line with their global counterparts.

Maria D. Ervin