"In absolute numbers, there will be approximately 63.5 million new entrants to the working age group of 15-59 years between 2011 and 2016. Further, it is important to note that the bulk of this increase in the population is likely to take place in relatively younger age group of 20-35 years. Such a trend would make India as one of the youngest nations in the world. In 2020, the average Indian will be only 29 years old, compared to 37 in China and the US, 45 in West Europe and 48 in Japan. This trend is seen significant on the grounds that what matters is not the size of the population, but its age structure”
Source: Ministry of Labour and Employment (Annual report published in July 2010)
The first wave of the Millennial Generation—born between 1980 and 2001—is entering the workforce now. This generation may have been labelled reckless and impatient but are also known to be result and delivery oriented. Organisations are undergoing changes to accommodate the various needs and demands of this generation.
Are they bending over too much too soon?
Or does the Gen-Y hold enough promise to warrant these changes?
Share your thoughts.
Also, read about “Brats At Work” in Business Today’s September 19th edition.
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