The workplace of the future is almost here. And in many ways, the future is now. By 2020, Millennials (those born between about 1980 and 2000) are forecast to comprise half of the Indian workforce, and by 2025, 75 percent of the global workforce. In India Currently, the workforce is made up of Baby Boomers (between the age group of 55-75), Gen X (between the age group of 40-54), Millennials (between the age group of 25-39) and Gen Z (between the age group of 4-24). Companies including Ernst & Young and Accenture have already reported that Millennials make up over two-thirds of their entire employee base. This rapidly growing workforce is also. This generation grew up in organizations with large corporate hierarchies, rather than flat management structures and teamwork-based job roles. The Workplace Revolution report by Regus highlights that over 50 per cent of workers now work outside the main office 2.5 days a week or more.
This story is from the March 2020 edition of The Observer of Management Education.
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This story is from the March 2020 edition of The Observer of Management Education.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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