logo
7 of 10 GenZs plan on switching jobs in 6 months for better pay: Survey

7 of 10 GenZs plan on switching jobs in 6 months for better pay: Survey

Nearly seven in ten Gen Z white-collar employees are willing to switch jobs within six months, while one in two would accept a fully remote role with a global company if it offered better pay, a survey by a payroll and HR platform has found.
This comes on the back of growing financial strain, with four out of ten respondents expressing dissatisfaction with their current compensation package. The discontent stems from the lack of inflation-adjusted hikes, below-market compensation, poor salary growth, and inadequate pay to cover expenses beyond the basics, the survey by Deel said.
However, this dissatisfaction comes at a time when Indian Gen Z employees have recorded the highest average salary hike — at 11 per cent — compared to their peers in the Asia Pacific region.
The discontent with compensation packages is most pronounced in metro cities such as Delhi–NCR, Mumbai and Chennai. More than six in ten employees feel that older colleagues receive better perks and growth opportunities.
Sectors such as manufacturing, education and healthcare recorded the sharpest levels of dissatisfaction. Gen Z employees in industries including information technology, professional services, banking, financial services and insurance (BFSI), along with fintech and education, reported the highest intent to switch jobs.
'It's clear that companies risk losing their top Gen Z talent to higher-paying, more flexible global roles if they don't adapt. While compensation is still a major concern, organisations must also offer flexibility to stay competitive,' said Sumit Sabharwal, country leader for India at Deel.
The survey was conducted between April and May 2025, polling 2,508 full-time white-collar Gen Z professionals aged 20–28. These employees had up to three years of experience across seven Indian cities and ten sectors.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pakistan says India overflight ban cost ₹1,240 crore in just over 2 months
Pakistan says India overflight ban cost ₹1,240 crore in just over 2 months

Business Standard

time20 minutes ago

  • Business Standard

Pakistan says India overflight ban cost ₹1,240 crore in just over 2 months

Pakistan's Ministry of Defence reportedly told the National Assembly that the Pakistan Airports Authority (PAA) lost PKR 4.1 billion (₹1,240 crore) in a little over two months after closing its airspace to Indian-registered aircraft. The shortfall, from April 24 to June 30, is in overflying revenue and below earlier reports of PKR 8.5 billion, according to a report by Dawn. Why the airspace was closed? The airspace closure followed India's suspension of the Indus Waters Treaty in April this year. India's action came after the April 22 Pahalgam terror attack, in which 26 civilians were killed by Pakistan-based terrorists in Jammu and Kashmir. From April 24, Pakistan withdrew overflight permission for all Indian-registered aircraft and those operated, owned, or leased by Indian carriers. Why it matters The measure reportedly affected at least 100–150 Indian aircraft daily, cutting transit traffic by almost 20 per cent. While acknowledging financial losses, the ministry said 'sovereignty and national defence take precedence over economic considerations". It also clarified the figures reflect revenue shortfalls, not overall financial losses, and that overflight and aeronautical charges remain unchanged. The losses are not limited to Pakistan's aviation sector. Indian carriers such as Air India, IndiGo, SpiceJet, and Akasa Air have faced significant operational challenges due to the flight restrictions imposed following tensions in April–May 2025. According to a Reuters report, Air India estimates that sustained restrictions could cost it around USD 600 million annually, and has sought government compensation. Pakistan's restriction targets Indian airlines and aircraft through the last week of August after the ban was extended twice on a monthly basis. Pakistani carriers remain banned from Indian airspace. Separately, Islamabad International Airport's airspace will be closed daily for two hours until August 14 under NOTAM A0510/25. Departures and arrivals will be halted from ground level to FL210 between 11 am and 1 pm, affecting flights to Lahore and northern areas.

Govt plans to ease petrol pump licensing norms amid energy security push
Govt plans to ease petrol pump licensing norms amid energy security push

Business Standard

time20 minutes ago

  • Business Standard

Govt plans to ease petrol pump licensing norms amid energy security push

The government is considering further easing the norms for setting up petrol pumps in the world's fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies to enter the fuel retailing business. At that time, companies with a net worth of Rs 250 crore were permitted to sell petrol and diesel, provided they committed to setting up infrastructure for at least one new-generation alternative fuel, such as CNG, LNG, biofuels, or EV charging, within three years of beginning their operations. For companies wanting to sell petrol and diesel to retail and bulk consumers, the networth criteria was set at Rs 500 crore. The Ministry of Petroleum and Natural Gas has now constituted an expert committee to review the 2019 guidelines for granting authorisation to market transportation fuels. The expert committee will "assess the effectiveness of the framework envisaged in Resolution dated November 8, 2019, in ensuring energy security and market efficiency; align the policy framework with national commitment towards decarbonisation, electrical mobility and promotion of alternative fuel; and address issues in implementation of existing guidelines," the order said. The committee is headed by Sukhmal Jain, former director (marketing) of Bharat Petroleum Corporation Ltd (BPCL). Other members of the four-member committee are Petroleum Planning and Analysis Cell (PPAC) Director General P Manoj Kumar, FIPI member PS Ravi and Arun Kumar, Director (Marketing) in the ministry. An August 6 notice of the ministry sought stakeholder/general public comments/suggestions on the matter within 14 days. Prior to the 2019 change, to obtain a fuel retailing license in India, a company had to invest or commit to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals. This norm was relaxed in 2019. That year, the government allowed any entity with a net worth of Rs 250 crore to get a licence to retail petrol and diesel to either bulk or retail consumers. For those seeking authorisation for both retail and bulk, the minimum networth was set at Rs 500 crore at the time of application. For retail authorisation, the entities are required to set up at least 100 retail outlets. Also, retailers are required to establish 5 per cent of the total outlets in rural areas within five years. Global energy giants have been eyeing the Indian fuel market for a long time. French energy giant TotalEnergies, in partnership with Adani Group, had in November 2018 applied for a licence to retail petrol and diesel through 1,500 outlets. BP too has formed a partnership with Reliance Industries to set up petrol pumps. While oil trader Trafigura's downstream arm, Puma Energy, had applied for a license, Saudi Arabia's Aramco has been in talks to enter the sector. State-owned oil marketing companies Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) currently own most of the 97,804 petrol pumps in the country. Reliance Industries, Nayara Energy (formerly Essar Oil), and Royal Dutch Shell are the private players in the market, but with limited presence. The joint venture of Reliance, which operates the world's largest oil refining complex, and BP has 1,991 outlets. Nayara has 6,763 pumps, while Shell has just 355. Currently, IOC is the market leader with 40,666 petrol pumps in the country, followed by BPCL with 23,959 outlets, and HPL with 23,901 fuel stations.

FPIs pull nearly ₹18,000 crore from equities in August amid trade tensions
FPIs pull nearly ₹18,000 crore from equities in August amid trade tensions

Business Standard

time20 minutes ago

  • Business Standard

FPIs pull nearly ₹18,000 crore from equities in August amid trade tensions

Foreign investors have pulled out nearly ₹18,000 crore from Indian equities so far this month, weighed down by escalating US-India trade tensions, disappointing first-quarter corporate earnings, and a weakening Indian rupee. With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities has reached ₹1.13 trillion so far in 2025, according to data from the depositories. Going forward, FPI sentiment is expected to remain "fragile and in risk-off mode," with tariffs and trade negotiations emerging as key factors to watch out for in the coming week, according to Vaqarjaved Khan, CFA, Senior Fundamental Analyst at Angel One. The data showed that FPIs withdrew a net sum of ₹17,924 crore from equities in this month (till August 8). Foreign investors had pulled out ₹17,741 crore on a net basis in July. Before that, FPIs invested Rs 38,673 crore in the preceding three months from March to June. The latest outflows were primarily due to escalating US-India trade tensions, disappointing first-quarter corporate earnings and a weakening Indian rupee, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. From August 1, the US imposed a 25 per cent tariff on Indian goods and increased these tariffs by an additional 25 per cent during the current week. This spooked the markets and FPIs, leading to a massive sell-off in Indian equities, Angel One's Khan said. Along with tariffs, rising US Treasury yields also led to foreign money moving towards treasuries, he added. On the other hand, FPIs invested Rs 3,432 crore in the debt general limit and put in Rs 58 crore in the debt voluntary retention route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store