The pandemic has made Indian millennials and Generation Z view Covid-19 as the tipping point at which they are holding themselves and institutions accountable to bring about a more sustainable and equitable world, according to the 10th anniversary issue of Deloitte’s Global Millennial and Gen Z Survey 2021.
Indian millennials and Gen Zs stood out from their global counterparts through more resounding responses on many key themes, said a Deloitte statement.
Nine out of 10 Indian millennials (90 per cent) and Gen Zs (87 per cent) feel optimistic that changes seen during the pandemic can help reverse environmental damage. Over half of both groups are confident that people’s commitment to the environment will improve after the pandemic, a perception that far exceeds the global average.
“Over the past year, our workplace has seen rapid transformation. Young people are resolved to improve the world and create a sense of togetherness. In these testing times, where every action matters, it is very important for companies to have a ‘purpose-driven’ strategy and create a positive impact,” said S.V. Nathan, Partner and Chief Talent Officer, Deloitte India.
Globally, job loyalty slipped from its 2020 peak. More millennials and Gen Zs would like to leave their employer within two years than last year — 36 per cent and 53 per cent, respectively, compared to 31 per cent and 50 per cent in 2020.
Continuing a steady decline over the last five years, less than half of global millennials (47 per cent) and Gen Zs (48 per cent) think that businesses are having a positive impact on the society.
This marks the first time that these levels have fallen below 50 per cent since this survey began in 2012. Noteworthy is that Indian respondents still viewed businesses more positively than the global average, it said.