Companies Cater to Gen Z with Unique Benefits

India's tech firms are revolutionizing their workplace strategies to attract and retain millennial and Gen Z employees. From unlimited sick leave to 'pet leave' and 'live band days', these companies are going above and beyond to enhance their employees' well-being and productivity.

According to the India Technology Industry Compensation Benchmarking Survey 2024 by Deloitte India and Nasscom, many firms now offer 'well-being days' and joining bonuses, albeit with a two-year clawback clause. The survey, conducted across over 200 tech companies nationwide, highlights the importance of adapting to the priorities of Gen Z, who value work-life balance, mental health, and professional growth.

Benefits Aimed at Preventing Burnout and Enhancing Productivity

These innovative benefits are designed to prevent 'employee burnout' and ensure a sustainable workforce. Other focus areas include integrating AI skills, improving women's representation within organizations, and offering reward programs that resonate with the new generation. For instance, one company observes a 'well-being week', reimburses gym memberships, and provides an annual allowance for well-being equipment.

Employees also enjoy unique perks such as 'live music days', 'grandparents' day', and 'journaling day' to keep them motivated. Tech company founders acknowledge the need to be more 'accommodating' with Gen Z, offering flexible communication and vacation hours in exchange for their high productivity.

The Deloitte India-Nasscom report further emphasizes the importance of personalized work hours and locations to achieve a better work-life balance for the young workforce.