logo
India Inc reinvents HR playbook to woo GenZ employees

India Inc reinvents HR playbook to woo GenZ employees

Time of India3 days ago

Bengaluru: India Inc is undergoing a strategic shift in its HR approach, driven by the rising influence of Gen Z employees who expect more than just traditional perks. Digitally native and purpose-driven, Gen Z is compelling companies to rethink how they attract, engage, and retain talent.
At EY Global Delivery Services (EY GDS), internal surveys revealed Gen Z's strong preference for timely engagement, especially in the form of real-time feedback and recognition. This insight led to the launch of Extraordinary You, a platform that allows instant acknowledgment by peers and managers. "Recognition and rewards follow within 24 hours, and employees can share their wins instantly on social media. This takes recognition to a level that really resonates with Gen Z," said Sandeep Kohli, talent leader at EY GDS.
Realising that culture is shaped through consistent, everyday actions, companies like EY GDS and Experion Technologies are also investing in manager training. These leaders are equipped to understand Gen Z's traits, tech habits, and collaborative styles—enabling them to lead teams more effectively and guide HR interventions in a way that resonates with younger employees.
Workplace boundaries are also evolving.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Portable AC Cools Your Room in Minutes - Without High Energy Bills Or Installation
Top Trending News Today
Learn More
Undo
Ceat Tyres introduced silent hours from 8 p.m. to 8 a.m. to encourage work-life balance and combat burnout. "This was introduced based on the feedback we got from the Gen Z workforce," said its CHRO Somraj Roy. Gen Z's demand for flexibility extends beyond remote work. According to Mansee Singhal, Career Business Leader India at global HR consulting firm Mercer, younger employees are now seeking more adaptive policies, such as elderly care leave, that align with their broader life responsibilities.
Well-being, especially financial, is another area companies are prioritising. At Accenture, a new personal finance app called Nudge aims to empower Gen Z employees to manage money better. "Whether it's daily expenses, saving for travel, or repaying student loans, Nudge offers clear, jargon-free advice and timely reminders," said Lakshmi C, senior managing director and CHRO at Accenture in India.
Beyond engagement, companies are helping Gen Z map meaningful careers.
Accenture's iAspire platform uses AI to give employees visibility into career paths. "This enables them to customise their learning, connect with relevant mentors, and expand their skill sets to better match their ambitions with available opportunities."
As Gen Z becomes a growing force in the workforce, companies are moving decisively—from reactive policies to intentional strategies that prioritise experience, empathy, and empowerment.
For this generation, workplaces need to be as agile, personalised, and values-driven as the lives they aspire to lead. At Tally Solutions, a focus on project diversity is employed to sustain engagement. "We have asked our associates to have one long-term goal that you're working on but at the same time you want to dabble with different projects in your related area.
What I'm talking about is that within the function you can have a multidisciplinary exposure," said Ashish C, head of HR at Tally Solutions.
Auto component major Continental revamped several aspects of its HR policy to align with the expectations of Gen Z employees. According to Ajay Kumar, HR head of Continental India, two initiatives made a significant impact. "One is constantly observing the industry pay standards and accordingly adjusting the merit increase to stay at the desired level of market benchmark. Another practice is rewards linked to the skill being possessed.
If an employee acquired superior skills (niche, rare and high demand skills) they are recognised for those relevant skills. Through this, employees are encouraged to pursue active skill upgradation, and the biggest feature of Gen Z is their learning agility," Kumar said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ola Electric shares slide 6% to all-time low after fresh block deal
Ola Electric shares slide 6% to all-time low after fresh block deal

Time of India

time22 minutes ago

  • Time of India

Ola Electric shares slide 6% to all-time low after fresh block deal

Shares of Ola Electric Mobility dropped 6% on Monday to an all-time low of Rs 43.20 on the BSE, after 0.8% of the company's equity changed hands in block deals. The identities of the buyers and sellers were not immediately known. Earlier this month, a block deal worth Rs 731 crore saw 14.22 crore shares—representing 3.23% equity—change hands at an average price of Rs 51.40. Hyundai Motor Company was the reported seller in that transaction. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Also Read: Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850 Weak Q4 performance The stock's recent decline follows a weak March quarter earnings report. Ola Electric posted a net loss of Rs 870 crore in Q4 FY25, more than doubling from Rs 416 crore in the same quarter last year. Revenue from operations slumped 62% YoY to Rs 611 crore as vehicle deliveries fell to 51,375 units from 1.15 lakh a year ago. Live Events Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO Auto EBITDA margin plunged to -78.6% from -9.3% in Q4 FY24, while consolidated EBITDA margin dropped to -101.4%, impacted by high provisioning and weak operating leverage. However, gross margin improved slightly to 19.2%, supported by better monetisation and a higher share of Gen-3 platform vehicles, which offer 20% more power and range at 11% lower cost than Gen-2 models. For FY25, the company delivered 3.59 lakh vehicles, up from 3.29 lakh in FY24. Full-year adjusted revenue stood at Rs 4,665 crore, with a consolidated EBITDA margin of -34.6%. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months Stock performance and price target Ola Electric's shares have fallen over 43% from their IPO price of Rs 76. The company debuted on August 9, 2024, listing at Rs 91.20 per share. The stock is now down 49% year-to-date and has fallen 72% from its 52-week high of Rs 157.50. According to Trendlyne, the average analyst target for Ola Electric is Rs 59, implying a potential upside of nearly 35%. Among the seven analysts tracking the stock, the consensus rating is 'Hold'. Ola Electric, known for its electric scooters, has faced criticism over customer service and repair issues, which have also attracted regulatory scrutiny. Despite ongoing expansion plans in the EV ecosystem, these challenges continue to weigh on investor sentiment. The company's current market capitalisation stands at Rs 19,407 crore. Also Read: $2.4 trillion worth of gold! India's household hoard is 6x Pakistan's economy ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

India's business activity surges in June on strong demand, record export orders, PMI shows
India's business activity surges in June on strong demand, record export orders, PMI shows

Time of India

time35 minutes ago

  • Time of India

India's business activity surges in June on strong demand, record export orders, PMI shows

India's private sector activity accelerated sharply in June as companies ramped up production to meet surging domestic and international demand, according to a survey released on Monday that showed record export growth and robust hiring. The HSBC Flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, jumped to a 14-month high of 61.0 this month from 59.3 in May, exceeding a Reuters poll forecast for a modest lift to 59.4. The 50-mark separates growth from contraction and the latest data showed nearly four years of sustained expansion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dieser einfache Trick kann den Gang verbessern Gesundheitsaktuell Mehr erfahren Undo Services gained momentum with the activity index rising to 60.7 from May's 58.8 - the strongest since August last year - while manufacturing gained pace thanks to robust output. Its PMI climbed to 58.4 in June from 57.6. "New export orders continued to fuel private sector business activity, especially in manufacturing," noted Pranjul Bhandari, chief India economist at HSBC. Live Events This expansion was driven by favorable demand as composite new orders grew at the fastest pace in 11 months. Goods producers experienced a more pronounced upturn than services firms. International sales saw a remarkable rise, with overall new export business at the highest since the data started to be collected in September 2014. However, service providers recorded slower growth in export business compared to last month. "The combination of robust global demand and rising backlogs prompted manufacturers to increase hiring," added Bhandari. Manufacturing employment growth reached a peak not seen since the series began over two decades ago. Service providers also continued adding jobs at a solid pace, albeit slower than in May. Meanwhile, overall price pressures eased slightly with input cost inflation softening to a 10-month low, allowing firms to limit price hikes to remain competitive. That resulted in a slower rate of output price rises from May's six-month high. That comes after data showed inflation eased to an over 6-year low in May, allowing the Reserve Bank of India to focus on supporting economic growth and cutting interest rates amid rising uncertainty from U.S. trade tariffs. Despite positive private sector performance, business confidence dipped to its lowest in just over two years. Manufacturers expressed slightly improved optimism while service providers tempered their expectations for the coming year.

Warner Bros Discovery restructuring may back India OTT plans—but faces challenges
Warner Bros Discovery restructuring may back India OTT plans—but faces challenges

Mint

timean hour ago

  • Mint

Warner Bros Discovery restructuring may back India OTT plans—but faces challenges

Warner Bros Discovery's decision to split its streaming and studio business from its traditional TV networks may give a fresh push to its digital plans in India—but growing in the country's crowded and price-sensitive OTT market won't be easy. Under the restructuring, Global Networks will house entertainment, sports and news television brands such as CNN and Discovery, along with digital products including the discovery+ streaming platform. The newly formed Streaming & Studios entity will comprise Warner Bros. Motion Picture Group and DC Studios, which will continue releasing their films theatrically in India. David Zaslav, president and CEO of Warner Bros Discovery, said in a global release, 'By operating as two distinct and optimised companies, we are empowering these brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape." Also read: Why Warner boss Zaslav is having to split up the media empire he built 'This separation will invigorate each company by enabling them to leverage their strengths and specific financial profiles. This will also allow each company to pursue important investment opportunities and drive shareholder value," added CFO Gunnar Wiedenfels. India playbook challenges The separation could allow Warner Bros Discovery to invest more aggressively in OTT in India, especially in subscription-based models. However, the challenges are plenty. Currently, the company only runs the discovery+ streaming service in India, while syndicating most of its intellectual property (IP) to JioHotstar. Experts believe that the platform, now free from having to serve traditional TV audiences, could lean into bold, edgy content aimed at younger demographics. 'The digital business isn't big in India, and it will have to show revenue now," said Girish Dwibhashyam, streaming industry expert and former vice-president and chief operating officer of DocuBay, a documentary streaming service. 'The split could rejuvenate their investments in OTT but it would also bring down their negotiating power with Internet Service Providers (ISPs) and aggregators for distribution partnerships since it would no longer come under the same umbrella as broadcast," he added. While Warner Bros Discovery has dabbled in infotainment, science, and mythology in India, Dwibhashyam sees room for more daring content experiments. Given that they no longer have the baggage of producing the same programming for both TV and OTT, the company could explore edgier themes, he said. Also read: Online games and self-publishing platforms: movie producers tap new avenues for fresh plotlines Vinay V. Singh, managing director (USA), Primus Partners, added that the company could now double down on high-quality originals and global formats. 'These are key to capturing Indian millennials and Gen Z in a fiercely competitive OTT landscape," he said. Singh also said HBO-branded content, currently available via video-on-demand through partnerships like JioHotstar, may gain more muscle with renewed global backing. Despite the digital optimism, linear television remains dominant in India, especially in smaller towns and non-English-speaking markets. However, if other global media giants follow Warner Bros Discovery's decoupling strategy, standalone TV units may need to raise ad or subscription rates to remain viable. This could further drive viewers toward cheaper OTT platforms, including those that rely on advertising-based video-on-demand (AVoD). Industry experts anticipate that the decoupling trend could push streaming companies to innovate their pricing models. Expect bundles that include local originals, micropayments, ad insertions, and dynamic pricing to boost reach while protecting average revenue per user (ARPU). Subscription blues Yet, streaming monetization remains a hurdle in India. According to a report by Ormax Media, India's video streaming audience stood at 547.3 million, but active paid subscriptions stagnated at 99.6 million. Notably, the SVoD (subscription video-on-demand) audience declined by 2% in 2024, even as the AVoD base grew by 21%. 'Foreign companies haven't really seen India as a hot market. Plus, there isn't real value in SVoD yet," said Sunil Lulla, founder, The Linus Adventures. Warner Bros Discovery has also refrained from fully adopting the ad-supported model in India. Last year, Sai Abishek, head of factual and lifestyle cluster, South Asia, had said the platform would continue to focus primarily on a subscription-driven model. What's next While Warner Bros Discovery declined to comment on Mint's queries for this story, industry watchers say the company's strategic split could be a reset moment for its India plans. However, competing in a saturated market—dominated by players like Netflix, Amazon Prime Video, ZEE5, and SonyLIV—will demand more than just capital. It will require smart partnerships, platform innovation, and the courage to bet big on differentiated content. Also read: Few winners, many misses in Bollywood's lopsided H1 recovery story

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store