How millennials and Gen Z are redefining workplace values

In the fast-changing job landscape of today, it is obvious that the values of employees, particularly millennials and Gen Z, are moving away from monetary rewards towards more intrinsic values. Gone are the days that a fat paycheque, a flashy car, or a large house was the pinnacle of achievement.

A new BCW Expectations at Work study throws light on changing workplace preferences among the various generations in India. The report reveals important differences in what works most for employees at work, and the findings will surprise you.

Gen Z places greatest importance on open and honest communication

One of the notable findings, as per the BCW Expectations at Work study, is that Gen Z employees in India greatly appreciate open and honest communication in the workplace.

To Gen Z, openness and direct communication are key to building trust and engagement with their companies. They want to be heard and understood and included in major decisions and discussions, which indicates that a company's openness is a top priority in order to ensure employee satisfaction and productivity.

Notably, this movement also indicates a change in the character of in-the-workplace relationships. Gen Z prioritizes a more respectful, equal way of communicating. They are not merely seeking top-down instructions but wish for a conversation that involves input and cooperation.

Millennials seek a safe and comfortable workplace

Whereas Gen Z is valuing communication, the millennials are valuing safety and comfort. Millennials in India value the most a work culture that provides physical and emotional security, as per the survey.

Millennials are very conscious of their mental health requirements and increasingly look for businesses that offer resources, services, and a work environment that supports well-being.

The BCW Expectations at Work study revealed that 59% of Indian employees, including millennials, rate safety and comfort as their number one workplace need. Apart from the bodily comforts, this also incorporates a culture of respect, compassion and social well-being.

Job security is high on the list for Indian employees

Another major finding in the study was the strong emphasis Indian employees place on job security. Though millennial and Gen Z employees are changing office culture with their calls for comfort and communication, they still crave stability and security in their positions. Job security was the third most critical thing for Indian employees, with 58% choosing it as a high priority.

Gen X and Baby boomers: Standing up and strong leadership

The BCW Expectations at Work study also brings to the forefront the expectations of baby boomers and Gen X, two of India's other leading generations. Gen X workers (born 1965-1980) expect 55% of their employers to make a stand on social and political issues that concern them. Gen X values ethical leadership and values-aligned companies, particularly in aspects such as sustainability, social justice, and corporate responsibility.

At the same time, baby boomers (born between 1946-1964) highly value strong, visible leadership. 61% of baby boomers reported that good leadership is one of their key concerns in the workplace. This generation, usually at the managerial or executive level, looks for leaders who not only lead the business forward but also offer direction, mentoring, and inspiration to workers.