Tech roles a top career choice for Gen Z graduates in India
Over 70% of Gen Z graduates are keen to take up tech jobs in the near future, according to a report from Nasscom, an Indian non-governmental trade association and advocacy group.
Gen Z employees, defined as those 25 years old and below, are willing to spend over two years in their first job, if employers provide them with the right value proposition, according to Nasscom.
In the fiscal year 2022, India’s tech industry hired around 380,000 fresh graduates. The significant hiring of fresh graduates over the last few years in the industry has now pushed the share of Gen Z to 18-20%, and millennials to 68-70% of the total employee base over this period.
Sangeeta Gupta, Senior Vice President and Chief Strategy Officer, Nasscom, said, “With newer perspectives and ideas, Gen Zs and millennials are setting the future course of employee engagement, retention, and acquisition strategies. It will be interesting to see how these newer generations shape India’s future as the talent hub of the world.”
As of 2021, India’s demographic share of millennials and Gen Zs stood at 52%, against a global average of 47%. This is likely to keep its momentum until 2030, when the share will be 50%, against a world average of 46%.