An incredible transformation has reshaped the future of work – from technological advancements to an endemic that is changing the rules of how we work. However, there is arguable a more influential change: The rise of a new generation that plans to make its mark on the workplace. Organisations today are grappling with this critical challenge – How to manage a successful transition in the workplace norms and behavioural protocols consistent with an ever-increasing percentage of participation of Millennials (Gen-Y) and Gen-Z in the workforce. According to recent research by the world economic forum, Gen-Z and millennials will comprise about 30% of the total workforce by 2023.
With the evolving context of multigenerational workforce playing out its own dynamic, leaders won’t be able to operate with a one-size-fits-all approach. What is increasingly becoming evident that as the major social influencers like technology, economy, education, parenting etc., are undergoing rapid evolutions, they in their wake bringing in important questions for the organizations as to how the new generation employees would learn, communicate, and work. For leaders and executives, the complexity of managing the diversity of multigeneration workforce will possibly be more demanding than that of earlier era.
The experts in the field of research in organizational behaviour are already observing interesting disruptions being brought in by the Millennials and gen Z in the existing business models and workplace cultures with their fresh and unique perspectives which is redefining expectations towards career, workplace norms, and work habits.
To understand the critical context of this issue, we recently interacted with two leading minds in the corporate world, Dr. Suleman Alvi, currently working as Country Head, Life Science, Martin Dow Specialities Pvt Ltd. and with Ms. Milagros Perez, CHRO, CHS Therapy & Rehab.